---
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"
generated_at: "2026-05-31T04:24:36.525128+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Newpark sells Fluids Systems for net $56M; pre-tax impairment ~$200M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 2.06, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-24-000107
- JSON: https://secwatch.observer/filing/0000071829-24-000107.json
- Plain text: https://secwatch.observer/filing/0000071829-24-000107.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.