---
schema_version: "secwatch.filing_event.v1"
accession: "0000899751-26-000069"
form_type: "8-K"
ticker: "TWI"
cik: "0000899751"
company_name: "TITAN INTERNATIONAL INC"
filed_at: "2026-09-25T20:50:34+00:00"
generated_at: "2026-10-12T13:25:57.107725+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Titan International to sell ITM undercarriage unit to USCO for $207M, up to ~$285M total cash value

## Summary
- Titan will receive $207M initial cash plus up to $6M earnout based on ITM's 2026 performance criteria; price subject to working capital, cash and debt adjustments.
- Total cash value up to ~$285M including ~$23M expected net asset adjustment and $49M of ITM dividends ($38M already received, $11M expected before closing).
- Transaction expected to close in January 2027, subject to antitrust and foreign direct investment approvals; Titan agrees to a five-year non-compete in undercarriage components.
- Max Narancich resigned as Chief Operating Officer - Titan Specialty effective October 9, 2026, not due to any disagreement; duties assumed by existing management.
- Proceeds earmarked to reduce debt; affiliates of One Equity Partners hold a minority stake in USCO and director Richard Cashin abstained from board deliberations.

## SEC filing metadata
- accession: 0000899751-26-000069
- form_type: 8-K
- ticker: TWI
- cik: 0000899751
- company_name: TITAN INTERNATIONAL INC
- filed_at: 2026-09-25T20:50:34+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899751/000089975126000069/0000899751-26-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899751/000089975126000069/twi-20260921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899751-26-000069
- JSON: https://secwatch.observer/filing/0000899751-26-000069.json
- Plain text: https://secwatch.observer/filing/0000899751-26-000069.txt

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