{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-28T15:37:54.847840+00:00","company":{"ticker":"SPXC","cik":88205,"company_name":"SPX Technologies, Inc."},"pagination":{"limit":100,"returned":40,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust","detail":"asset_purchase","count":1,"first_seen":"2024-02-08T23:59:59+00:00","last_seen":"2024-02-08T23:59:59+00:00","evidence_fact_ids":[76456]},{"display_name":"ASPEQ Parent Holdings, Inc.","detail":"merger","count":1,"first_seen":"2023-05-04T23:59:59+00:00","last_seen":"2023-05-04T23:59:59+00:00","evidence_fact_ids":[159582]},{"display_name":"Bank of America, N.A., as administrative agent, and the lenders party thereto","detail":"credit_facility","count":1,"first_seen":"2023-04-27T23:59:59+00:00","last_seen":"2023-04-27T23:59:59+00:00","evidence_fact_ids":[162579]},{"display_name":"Canvas Holdco, LLC","detail":"asset_purchase","count":1,"first_seen":"2022-11-07T23:59:59+00:00","last_seen":"2022-11-07T23:59:59+00:00","evidence_fact_ids":[199295]}],"lender":[{"display_name":"Bank of America, N.A.","detail":"credit_facility","count":1,"first_seen":"2025-09-11T23:59:59+00:00","last_seen":"2025-09-11T23:59:59+00:00","evidence_fact_ids":[41540]},{"display_name":"Bank of America, N.A., as administrative agent, and the lenders party thereto","detail":"term_loan","count":1,"first_seen":"2023-04-27T23:59:59+00:00","last_seen":"2023-04-27T23:59:59+00:00","evidence_fact_ids":[162580]}],"ma_counterparty":[{"display_name":"Canvas Holdco, LLC","detail":"disposition","count":1,"first_seen":"2022-11-07T23:59:59+00:00","last_seen":"2022-11-07T23:59:59+00:00","evidence_fact_ids":[199297]}]},"facts":[{"fact_type":"executive_change","fact_key":"935014f121","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2026-06-22T10:30:35+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"President, Detection and Measurement Segment","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"John W. Swann III retired as President, Detection and Measurement Segment at SPX Technologies, Inc..","evidence_excerpt":"On June 18, 2026, John W. Swann III, President, Detection and Measurement Segment of SPX Technologies, Inc. (the “Company”), informed the Company of his decision to retire in January 2027.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-26-076014","anchor_url":"https://secwatch.observer/filing/0001104659-26-076014#claim-935014f121","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000110465926076014/0001104659-26-076014-index.htm"},{"fact_type":"shareholder_vote","fact_key":"0dc9c644c297f58c68baca6fb34729f503189938","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2026-05-12T20:31:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-12","outcome":"passed","proposal_text":"Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"37,734","votes_against":"1,071,387","votes_for":"47,186,482","votes_withheld":null}]},"claim":"SPX Technologies, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-05-12 meeting.","evidence_excerpt":"Proposal 3: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026. For Against Abstain 47,186,482 1,071,387 37,734","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-26-000036","anchor_url":"https://secwatch.observer/filing/0000088205-26-000036#claim-0dc9c644c297f58c68baca6fb34729f503189938","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820526000036/0000088205-26-000036-index.htm"},{"fact_type":"shareholder_vote","fact_key":"38fa06616f9383756cf375e8f21680894eb3a640","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2026-05-12T20:31:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-12","outcome":"passed","proposal_text":"Approval of named executive officers’ compensation as disclosed in the 2026 Proxy Statement, on a non-binding advisory basis (\"Say-on-Pay\")","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,711,274","subject":null,"votes_abstain":"61,256","votes_against":"2,737,610","votes_for":"43,785,463","votes_withheld":null}]},"claim":"SPX Technologies, Inc. shareholders approved Approval of named executive officers’ compensation as disclosed in the 2026 Proxy Statement, on a non-binding advisory basis (\"Say-on-Pay\") at the 2026-05-12 meeting.","evidence_excerpt":"Proposal 2: Approval of named executive officers’ compensation as disclosed in the 2026 Proxy Statement, on a non-binding advisory basis (“Say-on-Pay”). For Against Abstain Broker Non-Votes 43,785,463 2,737,610 61,256 1,711,274","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-26-000036","anchor_url":"https://secwatch.observer/filing/0000088205-26-000036#claim-38fa06616f9383756cf375e8f21680894eb3a640","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820526000036/0000088205-26-000036-index.htm"},{"fact_type":"shareholder_vote","fact_key":"a796f81079865daba0c1fff50c8672a2cb847b89","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2026-05-12T20:31:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-12","outcome":"passed","proposal_text":"Election of directors","proposal_type":"director_election","results":[{"broker_non_votes":"1,711,274","subject":"Ricky D. Puckett","votes_abstain":"35,502","votes_against":"471,357","votes_for":"46,077,470","votes_withheld":null},{"broker_non_votes":"1,711,274","subject":"Meenal A. 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Utley 2027 46,192,240 311,113 80,976 1,711,274","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-26-000036","anchor_url":"https://secwatch.observer/filing/0000088205-26-000036#claim-a796f81079865daba0c1fff50c8672a2cb847b89","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820526000036/0000088205-26-000036-index.htm"},{"fact_type":"earnings_release","fact_key":"b57b5e93a678d1f42966d1f9c07c0efebb540188","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2026-04-30T23:59:59+00:00","payload":{"eps_text":"$1.27","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$64.4 million","period_text":"first quarter ended March 28, 2026","report_date":"2026-04-30","result_type":"reported_results","revenue_text":"$566.8 million"},"claim":"SPX Technologies, Inc. reported first quarter ended March 28, 2026 results: revenue $566.8 million, net income $64.4 million, EPS $1.27. Guidance raised.","evidence_excerpt":"SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 28, 2026. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2025, unless otherwise noted) • Revenue of $566.8 million, up 17.4%, including 7.4% organically • GAAP income from continuing operations of $64.4 million, up 24.6% • GAAP EPS of $1.27, up 15.5% • Adjusted EPS* of $1.69, up 22.5% • Adjusted EBITDA* of $126.1 million, up 22.9% Raising 2026 Guidance","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-26-000030","anchor_url":"https://secwatch.observer/filing/0000088205-26-000030#claim-b57b5e93a678d1f42966d1f9c07c0efebb540188","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820526000030/0000088205-26-000030-index.htm"},{"fact_type":"debt_financing","fact_key":"43dc6a7b866adf97fa8955c5e2acc765cc7348fc","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2025-09-11T23:59:59+00:00","payload":{"counterparty":"Bank of America, N.A.","effective_date":"2025-09-09","event":"amendment","instrument_type":"credit_facility","interest_rate_text":"Term SOFR rate plus an applicable margin","item_codes_triggered":["2.03"],"maturity_text":"September 9, 2030","principal_text":"$2.025 billion"},"claim":"SPX Technologies, Inc. amended credit facility of $2.025 billion with Bank of America, N.A. at Term SOFR rate plus an applicable margin maturing September 9, 2030.","evidence_excerpt":"Bank AG, as foreign trade\nfacility agent, and the Administrative Agent. The Amended Credit Agreement provides for committed senior secured financing in the aggregate\namount of $2.025 billion, consisting of the following facilities (collectively, the “Senior Credit Facilities”), each with\na final maturity of September 9, 2030: · A term loan facility in the aggregate","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001410578-25-002044","anchor_url":"https://secwatch.observer/filing/0001410578-25-002044#claim-43dc6a7b866adf97fa8955c5e2acc765cc7348fc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000141057825002044/0001410578-25-002044-index.htm"},{"fact_type":"governance_change","fact_key":"f9ac54b68aa2d08551b7eecc36291fbba51211ac","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-05-14T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2024-05-14","item_codes_triggered":["5.03"],"summary_text":"Amended and restated bylaws to conform to charter amendments and correct internal section references."},"claim":"SPX Technologies, Inc.: Amended and restated bylaws to conform to charter amendments and correct internal section references (effective 2024-05-14).","evidence_excerpt":"Following the effectiveness of the Charter Amendments, on May 14, 2024, the Company’s Board of Directors approved an amendment and restatement of the Company’s amended and restated by-laws, which effected amendments to provisions of the by-laws otherwise inconsistent with the provisions of the Charter Amendments to conform to the provisions of the Charter Amendments and corrections to internal section references.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-24-000042","anchor_url":"https://secwatch.observer/filing/0000088205-24-000042#claim-f9ac54b68aa2d08551b7eecc36291fbba51211ac","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000042/0000088205-24-000042-index.htm"},{"fact_type":"governance_change","fact_key":"ef0352ba7e633321a1ffc967437fa7777aa3a242","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-05-14T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2024-05-14","item_codes_triggered":["5.03"],"summary_text":"Amended certificate of incorporation to provide for annual election of directors, exculpation of officers, Delaware forum selection provision, and federal forum selection provision for Securities Act claims."},"claim":"SPX Technologies, Inc.: Amended certificate of incorporation to provide for annual election of directors, exculpation of officers, Delaware forum selection provision, and federal forum selection provision for Securities Act claims (effective 2024-05-14).","evidence_excerpt":"On May 14, 2024, following the adjournment of the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of SPX Technologies, Inc. (the “Company”) at which the Company’s stockholders approved the amendments to the Company’s Amended and Restated Certificate of Incorporation as specified in Item 5.07 of this report (collectively, the “Charter Amendments”), the Company filed with the Delaware Secretary of State a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation to effect the Charter Amendments. Upon such filing, the Charter Amendments became effective.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-24-000042","anchor_url":"https://secwatch.observer/filing/0000088205-24-000042#claim-ef0352ba7e633321a1ffc967437fa7777aa3a242","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000042/0000088205-24-000042-index.htm"},{"fact_type":"shareholder_vote","fact_key":"78093224446f99d5f91c9f71356198f5df9b7bbe","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-05-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024","proposal_type":"auditor_ratification","votes_abstain_text":"44,101","votes_against_text":"712,735","votes_for_text":"43,851,590"},"claim":"SPX Technologies, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 at the 2024-05-14 meeting.","evidence_excerpt":"Proposal 7: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024. For Against Abstain 43,851,590 712,735 44,101","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000088205-24-000042","anchor_url":"https://secwatch.observer/filing/0000088205-24-000042#claim-78093224446f99d5f91c9f71356198f5df9b7bbe","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000042/0000088205-24-000042-index.htm"},{"fact_type":"shareholder_vote","fact_key":"652cb322c6eccfbeac584fe5788eb7aa0b142afb","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-05-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a federal forum selection provision for claims under the Securities Act of 1933, as amended","proposal_type":"charter_amendment","votes_abstain_text":"64,552","votes_against_text":"5,622,864","votes_for_text":"37,571,169"},"claim":"SPX Technologies, Inc. shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a federal forum selection provision for claims under the Securities Act of 1933, as amended at the 2024-05-14 meeting.","evidence_excerpt":"Proposal 6: Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a federal forum selection provision for claims under the Securities Act of 1933, as amended. 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For Against Abstain Broker Non-Votes 42,030,376 1,160,756 67,453 1,349,841","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000088205-24-000042","anchor_url":"https://secwatch.observer/filing/0000088205-24-000042#claim-c331074047fc987fa5c4cd83f93bf6b9b8d8dc7b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000042/0000088205-24-000042-index.htm"},{"fact_type":"shareholder_vote","fact_key":"72818d88c5e33061e11e8aa9b9be407106726b2e","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-05-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Election of directors","proposal_type":"director_election","votes_abstain_text":"24,690","votes_against_text":"2,849,670","votes_for_text":"40,384,225"},"claim":"SPX Technologies, Inc. shareholders approved Election of directors at the 2024-05-14 meeting.","evidence_excerpt":"Proposal 1: Election of directors. Director Nominee Term Expiring For Against Abstain Broker Non-Votes Ruth G. Shaw 2027 40,384,225 2,849,670 24,690 1,349,841","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-24-000042","anchor_url":"https://secwatch.observer/filing/0000088205-24-000042#claim-72818d88c5e33061e11e8aa9b9be407106726b2e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000042/0000088205-24-000042-index.htm"},{"fact_type":"earnings_release","fact_key":"bb73c1a3dad6d6f7323e6b0f53862ad9940c7816","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-02-22T23:59:59+00:00","payload":{"eps_text":"$4.85 to $5.15","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"Full-Year 2024","report_date":"2024-02-22","result_type":"guidance_update","revenue_text":null},"claim":"SPX Technologies, Inc. reported Full-Year 2024 results: EPS $4.85 to $5.15. Guidance initiated.","evidence_excerpt":"Introducing 2024 Full-Year Adjusted EPS* Guidance Range of $4.85-$5.15","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-24-000006","anchor_url":"https://secwatch.observer/filing/0000088205-24-000006#claim-bb73c1a3dad6d6f7323e6b0f53862ad9940c7816","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000006/0000088205-24-000006-index.htm"},{"fact_type":"earnings_release","fact_key":"8835b3b84d65fc03f98caa380b1531b9f189d5ee","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-02-22T23:59:59+00:00","payload":{"eps_text":"$3.10","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$144.7 million","period_text":"the year ended December 31, 2023","report_date":"2024-02-22","result_type":"reported_results","revenue_text":"$1,741.2 million"},"claim":"SPX Technologies, Inc. reported the year ended December 31, 2023 results: revenue $1,741.2 million, net income $144.7 million, EPS $3.10.","evidence_excerpt":"For the full year of 2023, the Company reported revenue of $1,741.2 million and operating income of $221.9 million, compared with revenue of $1,460.9 million and operating income of $51.0 million in 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-24-000006","anchor_url":"https://secwatch.observer/filing/0000088205-24-000006#claim-8835b3b84d65fc03f98caa380b1531b9f189d5ee","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000006/0000088205-24-000006-index.htm"},{"fact_type":"earnings_release","fact_key":"f03bef70e977fbbcee7776b000d7c5f702986e0e","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-02-22T23:59:59+00:00","payload":{"eps_text":"$0.67","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$31.6 million","period_text":"the fourth quarter ended December 31, 2023","report_date":"2024-02-22","result_type":"reported_results","revenue_text":"$469.4 million"},"claim":"SPX Technologies, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $469.4 million, net income $31.6 million, EPS $0.67.","evidence_excerpt":"midpoint, and Adjusted EPS* in a range of $4.85 to $5.15, which reflects 16% growth at the midpoint.” Fourth Quarter 2023 Overview: Revenue for the fourth quarter of 2023 was $469.4 million, compared with $429.3 million in the fourth quarter of 2022. Operating income in the fourth quarter of 2023 was $63.1 million. This compares with an operating loss of $(24.9)","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-24-000006","anchor_url":"https://secwatch.observer/filing/0000088205-24-000006#claim-f03bef70e977fbbcee7776b000d7c5f702986e0e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000006/0000088205-24-000006-index.htm"},{"fact_type":"material_agreement","fact_key":"95100fd9aea9a7b2c7fc99edf1275531a40a4a83","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2024-02-08T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Share Purchase Agreement","agreement_type":"asset_purchase","counterparty":"15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust","effective_date":"2024-02-07","item_codes_triggered":["1.01"],"value_text":"approximately $(Cdn.)405 million in cash"},"claim":"SPX Technologies, Inc. entered into Share Purchase Agreement with 15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust valued at approximately $(Cdn.)405 million in cash (effective 2024-02-07).","evidence_excerpt":"the Purchaser purchased from the Vendors all of the issued and outstanding shares of the Target Corporations (which are the ultimate parent entities of 382 and the Operating Companies and together with 382 and the Operating Companies are referred to as the “Ingénia Group”) for aggregate consideration of approximately $(Cdn.)405 million in cash","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-24-000002","anchor_url":"https://secwatch.observer/filing/0000088205-24-000002#claim-95100fd9aea9a7b2c7fc99edf1275531a40a4a83","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/0000088205-24-000002-index.htm"},{"fact_type":"earnings_release","fact_key":"2207b6c66faa20d28f50edf919db06a1654b5f4f","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-11-02T23:59:59+00:00","payload":{"eps_text":"$0.76","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"Income from continuing operations 35.7","period_text":"third quarter ended September 30, 2023","report_date":"2023-11-02","result_type":"reported_results","revenue_text":"$448.7 million"},"claim":"SPX Technologies, Inc. reported third quarter ended September 30, 2023 results: revenue $448.7 million, net income Income from continuing operations 35.7, EPS $0.76. Guidance raised.","evidence_excerpt":"ends our involvement with these projects and allows us to further focus on growth.” Third Quarter 2023 Overview: For the third quarter of 2023, the Company reported reve nue of $448.7 million and operating income of $57.7 million, compared with revenue of $370.5 million and operating income of $37.3 million in the third quarter of 2022. Diluted income per share from","confidence":0.96,"filing_url":"https://secwatch.observer/filing/0000088205-23-000035","anchor_url":"https://secwatch.observer/filing/0000088205-23-000035#claim-2207b6c66faa20d28f50edf919db06a1654b5f4f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000035/0000088205-23-000035-index.htm"},{"fact_type":"earnings_release","fact_key":"76e1b0f753e61986fe500ac8e876c50ebe643574","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-08-02T23:59:59+00:00","payload":{"eps_text":"$0.82","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$38.3 million","period_text":"the second quarter ended July 1, 2023","report_date":"2023-08-02","result_type":"reported_results","revenue_text":"$423.3 million"},"claim":"SPX Technologies, Inc. reported the second quarter ended July 1, 2023 results: revenue $423.3 million, net income $38.3 million, EPS $0.82. Guidance raised.","evidence_excerpt":"progressing toward our ‘SPX 2025’ target of $5 per share of Adjusted EPS*.” Second Quarter 2023 Overview: For the second quarter of 2023, the company reported revenue of $423.3 million and operating income of $51.3 million, compared with revenue of $354.0 million and operating income of $27.2 million in the second quarter of 2022. Diluted income per share from","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000088205-23-000029","anchor_url":"https://secwatch.observer/filing/0000088205-23-000029#claim-76e1b0f753e61986fe500ac8e876c50ebe643574","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000029/0000088205-23-000029-index.htm"},{"fact_type":"shareholder_vote","fact_key":"d676dcd69d73ed9d63c6a1386e7f29101b7836c2","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Ratification of independent registered public accounting firm.","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"113,940","votes_against":"935,408","votes_for":"39,602,264","votes_withheld":"0"}]},"claim":"SPX Technologies, Inc. shareholders approved Ratification of independent registered public accounting firm. at the 2023-05-09 meeting.","evidence_excerpt":"Item 5.07.    Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-23-000022","anchor_url":"https://secwatch.observer/filing/0000088205-23-000022#claim-d676dcd69d73ed9d63c6a1386e7f29101b7836c2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000022/0000088205-23-000022-index.htm"},{"fact_type":"shareholder_vote","fact_key":"566fa873eb6f9eb64308770006ae2834eedf2d37","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Advisory vote on frequency of future advisory votes on named executive officer compensation.","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"1,535,058","subject":null,"votes_abstain":"312,054","votes_against":"1,674,323","votes_for":"37,130,177","votes_withheld":"0"}]},"claim":"SPX Technologies, Inc. shareholders approved Advisory vote on frequency of future advisory votes on named executive officer compensation. at the 2023-05-09 meeting.","evidence_excerpt":"Item 5.07.    Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-23-000022","anchor_url":"https://secwatch.observer/filing/0000088205-23-000022#claim-566fa873eb6f9eb64308770006ae2834eedf2d37","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000022/0000088205-23-000022-index.htm"},{"fact_type":"shareholder_vote","fact_key":"cdf92f253ca8c8198946063784d02afa5e23d7d0","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Advisory vote on named executive officer compensation (Say-on-Pay).","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,535,058","subject":null,"votes_abstain":"360,418","votes_against":"4,981,693","votes_for":"33,774,443","votes_withheld":"0"}]},"claim":"SPX Technologies, Inc. shareholders approved Advisory vote on named executive officer compensation (Say-on-Pay). at the 2023-05-09 meeting.","evidence_excerpt":"Item 5.07.    Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-23-000022","anchor_url":"https://secwatch.observer/filing/0000088205-23-000022#claim-cdf92f253ca8c8198946063784d02afa5e23d7d0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000022/0000088205-23-000022-index.htm"},{"fact_type":"shareholder_vote","fact_key":"826def016a4d8b55227361cea65a43c94a4faec1","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Election of the following nominees named in the 2023 Proxy Statement to serve as directors until the 2026 Annual Meeting of Stockholders or until a successor is duly elected and qualified.","proposal_type":"director_election","results":[{"broker_non_votes":"1,535,058","subject":"Ricky D. Puckett","votes_abstain":"57,673","votes_against":"2,127,069","votes_for":"36,931,812","votes_withheld":"0"},{"broker_non_votes":"1,535,058","subject":"Meenal A. Sethna","votes_abstain":"49,560","votes_against":"1,287,716","votes_for":"37,779,278","votes_withheld":"0"},{"broker_non_votes":"1,535,058","subject":"Tana L. Utley","votes_abstain":"62,678","votes_against":"1,827,169","votes_for":"37,226,707","votes_withheld":"0"}]},"claim":"SPX Technologies, Inc. shareholders approved Election of the following nominees named in the 2023 Proxy Statement to serve as directors until the 2026 Annual Meeting of Stockholders or until a successor is duly elected and qualified. at the 2023-05-09 meeting.","evidence_excerpt":"Item 5.07.    Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000088205-23-000022","anchor_url":"https://secwatch.observer/filing/0000088205-23-000022#claim-826def016a4d8b55227361cea65a43c94a4faec1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000022/0000088205-23-000022-index.htm"},{"fact_type":"earnings_release","fact_key":"6499e541b5c479fb1717ac40ab2f6951bd35fb45","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-04T23:59:59+00:00","payload":{"eps_text":"$0.84","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter ended April 1, 2023","report_date":"2023-05-04","result_type":"reported_results","revenue_text":"$399.8 million"},"claim":"SPX Technologies, Inc. reported first quarter ended April 1, 2023 results: revenue $399.8 million, EPS $0.84. Guidance raised.","evidence_excerpt":"For the first quarter of 2023, the company reported revenue of $399.8 million and operating income of $49.8 million","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000088205-23-000017","anchor_url":"https://secwatch.observer/filing/0000088205-23-000017#claim-6499e541b5c479fb1717ac40ab2f6951bd35fb45","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000017/0000088205-23-000017-index.htm"},{"fact_type":"material_agreement","fact_key":"ee43d07555516e6c7afc4e97790b85aec383055f","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-05-04T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Agreement and Plan of Merger","agreement_type":"merger","counterparty":"ASPEQ Parent Holdings, Inc.","effective_date":"2023-04-28","item_codes_triggered":["1.01"],"value_text":"approximately $418 million"},"claim":"SPX Technologies, Inc. entered into Agreement and Plan of Merger with ASPEQ Parent Holdings, Inc. valued at approximately $418 million (effective 2023-04-28).","evidence_excerpt":"entered into an Agreement and Plan of Merger dated as of April 28, 2023 (the “Merger Agreement”) with ASPEQ Parent Holdings, Inc.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-23-000016","anchor_url":"https://secwatch.observer/filing/0000088205-23-000016#claim-ee43d07555516e6c7afc4e97790b85aec383055f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/0000088205-23-000016-index.htm"},{"fact_type":"debt_financing","fact_key":"1f15c9c836c364c33a6fd9f965c32e1b5eedb304","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-04-27T23:59:59+00:00","payload":{"counterparty":"Bank of America, N.A., as administrative agent, and the lenders party thereto","effective_date":"2023-04-21","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"Term SOFR rate plus 0.10%, plus an applicable margin percentage","item_codes_triggered":["2.03"],"maturity_text":"August 12, 2027","principal_text":"$300.0 million"},"claim":"SPX Technologies, Inc. incurred term loan of $300.0 million with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR rate plus 0.10%, plus an applicable margin percentage maturing August 12, 2027.","evidence_excerpt":"The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million (the “Incremental Term Loans”)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-23-000012","anchor_url":"https://secwatch.observer/filing/0000088205-23-000012#claim-1f15c9c836c364c33a6fd9f965c32e1b5eedb304","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm"},{"fact_type":"material_agreement","fact_key":"89bf9c268829d6ed683204a31fc2b5c14482d956","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-04-27T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Incremental Amendment","agreement_type":"credit_facility","counterparty":"Bank of America, N.A., as administrative agent, and the lenders party thereto","effective_date":"2023-04-21","item_codes_triggered":["1.01"],"value_text":"$300.0 million"},"claim":"SPX Technologies, Inc. amended Incremental Amendment with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $300.0 million (effective 2023-04-21).","evidence_excerpt":"On April 21, 2023 (the “Incremental Amendment Effective Date”), SPX Enterprises, LLC (“SPXE”), a wholly owned subsidiary of SPX Technologies, Inc. (the “Company”), as the U.S. borrower, entered into an Incremental Facility Activation Notice (the “Incremental Amendment”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto, which amends the Amended and Restated Credit Agreement, dated as of August 12, 2022 (as amended, the “Credit Agreement”), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-23-000012","anchor_url":"https://secwatch.observer/filing/0000088205-23-000012#claim-89bf9c268829d6ed683204a31fc2b5c14482d956","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm"},{"fact_type":"executive_change","fact_key":"e981115795","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-03-14T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-04-07","interim":false,"role":"Vice President, Chief Accounting Officer and Corporate Controller","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Wayne M. McLaren was appointed as Vice President, Chief Accounting Officer and Corporate Controller at SPX Technologies, Inc..","evidence_excerpt":"Wayne M. McLaren, age 44, Corporate Controller of the Company, will become Vice President, Chief Accounting Officer and Corporate Controller, effective as of the Transition Date.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000088205-23-000009","anchor_url":"https://secwatch.observer/filing/0000088205-23-000009#claim-e981115795","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000009/0000088205-23-000009-index.htm"},{"fact_type":"executive_change","fact_key":"a211ceba4f","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2023-03-14T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":"2023-04-07","interim":false,"role":"Chief Accounting Officer and Vice President, Finance","role_category":"other_named_officer","successor_name":"Wayne M. McLaren","successor_named":true},"claim":"Michael A. Reilly departed as Chief Accounting Officer and Vice President, Finance at SPX Technologies, Inc..","evidence_excerpt":"On March 14, 2023, Michael A. Reilly, Chief Accounting Officer and Vice President, Finance of SPX Technologies, Inc. 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Guidance raised.","evidence_excerpt":"For the third quarter of 2022, the company reported revenue of $370.5 million and operating income of $37.3 million, compared to revenue of $285.7 million and operating income of $17.7 million in the third quarter of 2021. Diluted income per share from continuing operations in the third quarter of 2022 was $0.27, compared to $0.30 in the third quarter of 2021.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000088205-22-000041","anchor_url":"https://secwatch.observer/filing/0000088205-22-000041#claim-0be2b892565d0fff4031a345899674335eda29cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820522000041/0000088205-22-000041-index.htm"},{"fact_type":"executive_change","fact_key":"e408c9c6b6","cik":88205,"ticker":"SPXC","company_name":"SPX Technologies, Inc.","filed_at":"2022-09-01T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-09-23","interim":true,"role":"Interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Michael A. 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