---
schema_version: "secwatch.filing_event.v1"
accession: "0000899751-24-000086"
form_type: "8-K"
ticker: "TWI"
cik: "0000899751"
company_name: "TITAN INTERNATIONAL INC"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:41:08.383136+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Titan International repurchases 8M shares (11% outstanding) from MHR Funds for $57.6M

## Summary
- Purchased 8,005,000 shares at $7.20 each for aggregate $57,636,000; shares added to treasury.
- Repurchase funded by $45M draw on existing credit facility and cash on hand; $39M availability remains.
- Director Mark Rachesky recused from board and audit committee approval; MHR observer rights terminated.
- Company had ~$225M cash and net debt/EBITDA of 1.9x prior to transaction, per CEO Paul Reitz.
- Chairman cites strong future with LSW tire adoption and potential US Army contract for 100,000 trucks.

## SEC filing metadata
- accession: 0000899751-24-000086
- form_type: 8-K
- ticker: TWI
- cik: 0000899751
- company_name: TITAN INTERNATIONAL INC
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899751/000089975124000086/0000899751-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899751/000089975124000086/twi-20241018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899751-24-000086
- JSON: https://secwatch.observer/filing/0000899751-24-000086.json
- Plain text: https://secwatch.observer/filing/0000899751-24-000086.txt

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