secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE WIRE CORP (—)
CIK:        0000850460
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0000850460-24-000070
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encore Wire acquired by Prysmian for $290/share; stock delisted from Nasdaq
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- Merger closed July 2, 2024; Encore stockholders received $290.00 per share in cash.
- All prior directors resigned; Andrea Pirondini and Saskia Veerkamp appointed as new board.
- CEO Daniel Jones awarded $15M in bonuses; CFO Bret Eckert awarded $11.25M plus non-compete.
- Encore repaid and terminated its Credit Agreement with Bank of America upon closing.
- Encore Common Stock ceased trading on Nasdaq and will be deregistered with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850460/000085046024000070/0000850460-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850460/000085046024000070/wire-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000850460-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer