secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2026-10-08T12:29:45+00:00
Accession:  0000918541-26-000107
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NN redeems remaining Series D preferred for $30.7M, eliminating preferred stock from balance sheet
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- Redeemed all 18,400 remaining Series D Perpetual Preferred shares on Oct 7, 2026 for ~$30.7M cash, paying off a $35.7M security value with a $5.0M holder incentive.
- Redemption was funded with proceeds from a $53.1M PIPE private placement completed October 5, 2026.
- Holder NHTV Nevada Holdings LP lost all rights tied to the preferred, including Board Observer Agreement rights dated March 22, 2021; no Series D shares remain outstanding.
- CEO Harold Bevis said NN 'has significantly deleveraged during 2026,' intends to refinance its Term Loan, and will give updated guidance on the October 29, 2026 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854126000107/0000918541-26-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854126000107/nnbr-20261007.htm
  HTML page:      https://secwatch.observer/filing/0000918541-26-000107

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