secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0000899751-21-000137
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Titan International issues 4.03M restricted shares to RDIF equity holders; buyback right until Feb 2022
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- Issued 4,032,259 shares of restricted common stock (Titan Restricted Stock) to former holders of RDIF affiliate on December 17, 2021.
- Shares issued in private placement relying on Section 4(a)(2) and Rule 506 of Regulation D.
- Company retains right to repurchase the shares for $25 million until February 12, 2022.
- Original $25 million cash payment and share issuance were part of a February 2019 settlement agreement for a put option exercised by RDIF affiliate.
- Regulatory approval for the share issuance was received in November 2021; shares were previously held in abeyance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975121000137/0000899751-21-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975121000137/twi-20211217.htm
  HTML page:      https://secwatch.observer/filing/0000899751-21-000137

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