secwatch.observer — SEC 8-K summary
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Issuer:     Lifevantage Corp (LFVN)
CIK:        0000849146
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000849146-23-000114
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LifeVantage adopts limited duration stockholder rights plan expiring Aug 2024, with 12% trigger
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- One right per common share outstanding as of Sept 11, 2023 record date; exercise price $20 per right.
- Rights become exercisable only if a person/group acquires 12% (20% for passive investors) without Board approval.
- Upon trigger, each right (except acquirer's) allows purchase of common stock worth 2x the exercise price.
- Board may redeem rights at $0.01 each before trigger; plan submitted to stockholder ratification at annual meeting.
- Rights expire on August 28, 2024; limited duration and no dead-hand provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849146/000084914623000114/0000849146-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849146/000084914623000114/lfvn-20230830.htm
  HTML page:      https://secwatch.observer/filing/0000849146-23-000114

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