{"schema_version":"secwatch.filing_event.v1","accession":"0000071829-24-000107","form_type":"8-K","ticker":"NPKI","cik":"0000071829","company_name":"NPK International Inc.","filed_at":"2024-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.687633+00:00","generated_at":"2026-05-31T04:24:36.525128+00:00","sec_items":["1.01","2.01","2.03","2.06","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Newpark sells Fluids Systems for net $56M; pre-tax impairment ~$200M","bullets":["Base sale price $127.5M, adjusted by $43M for working capital and $10M debt; net cash proceeds $70M minus $19M foreign cash conveyed plus $5M seller note.","Pre-tax impairment charge ~$200M in Q3 2024, including $65M reclassification of cumulative foreign currency translation losses.","Credit facility amended: commitments reduced from $175M to $100M, Newpark Drilling Fluids released as borrower, leverage covenant tested quarterly.","Proceeds to fund organic investments in composite matting fleet, opportunistic M&A, and share buybacks under existing $50M authorization.","Pro forma net cash $65.6M; seller note $5M at 12.5% interest maturing March 2030; estimated transaction costs ~$7.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0000071829-24-000107","json":"https://secwatch.observer/filing/0000071829-24-000107.json","markdown":"https://secwatch.observer/filing/0000071829-24-000107.md","text":"https://secwatch.observer/filing/0000071829-24-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/71829/000007182924000107/0000071829-24-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/71829/000007182924000107/nr-20240913.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T04:24:36.525128+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}