{"schema_version":"secwatch.filing_event.v1","accession":"0000071829-22-000187","form_type":"8-K","ticker":"NPKI","cik":"0000071829","company_name":"NPK International Inc.","filed_at":"2022-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.341285+00:00","generated_at":"2026-06-21T11:18:35.641833+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Newpark completes sale of Excalibar and Conroe facility for nearly $80M net cash","bullets":["Sold Excalibar industrial mineral grinding assets to Cimbar Resources for $48M base price plus inventory adjustment; also sold Conroe, TX blending facility.","Combined divestitures expected to generate nearly $80M net cash, including $63M received at closing.","Proceeds to be used for debt reduction, higher-return investments, and share repurchases.","Newpark agreed to 4-year non-compete and will buy at least 95% of its U.S. barite from Cimbar.","Pro forma net cash from Excalibar alone estimated at $59.3M, based on Sept 30 inventory."],"urls":{"canonical":"https://secwatch.observer/filing/0000071829-22-000187","json":"https://secwatch.observer/filing/0000071829-22-000187.json","markdown":"https://secwatch.observer/filing/0000071829-22-000187.md","text":"https://secwatch.observer/filing/0000071829-22-000187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/71829/000007182922000187/0000071829-22-000187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/71829/000007182922000187/nr-20221130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T11:18:35.641833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c82773c9837665dad6ab5dcf8c2f66d9dfb74ec5","claim":"NPK International Inc. completed a disposition involving Cimbar Resources, INC. for $48 million in cash (closed 2022-11-30).","evidence_excerpt":"INC. (“Purchaser”) pursuant to an asset purchase agreement to which Excalibar and the Purchaser are parties dated as of October 19, 2022 (the “Agreement”). The sales price was $48 million in cash, adjusted by an amount equal to the excess or deficit, as applicable, in inventory value at closing based on a targeted amount of inventory value of $24.5 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/71829/000007182922000187/0000071829-22-000187-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Cimbar Resources, INC."},{"label":"Consideration","value":"$48 million in cash"},{"label":"Closing","value":"2022-11-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}