8-K
filed November 3, 2022, 7:59 PM ET
CIK 0001753886
M&A
confidence high
sentiment neutral
materiality 1.00
Stonemor Inc.: M&A transaction — StoneMor completes going-private merger with Axar affiliate at $3.50/share
Stonemor Inc.
- Merger effective Nov 3, 2022; each share (except Axar and treasury) converted to $3.50 cash.
- Approved by ~91.7% of outstanding shares and ~64.4% of minority shares at Nov 1 special meeting.
- Common stock to be delisted from NYSE; company will become private, indirectly owned by Axar.
- Director changes: Stephen Negrotti, Kevin Patrick, Patricia Wellenbach depart; Lilly Donohue appointed CEO.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Joseph M. Redling changed role as President and Chief Executive Officer at Stonemor Inc..
- Action
- succeeded
- Role
- President and Chief Executive Officer
Exact text from the filing
Lilly Donohue was appointed by Parent to succeed Joseph M. Redling as President and Chief Executive Officer of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Spencer E. Goldenberg was appointed as Director at Stonemor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin D. Patrick departed as Director at Stonemor Inc..
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patricia D. Wellenbach departed as Director at Stonemor Inc..
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Miller was appointed as Director at Stonemor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph M. Redling was appointed as Director at Stonemor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lilly Donohue was appointed as President and Chief Executive Officer at Stonemor Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Lilly Donohue was appointed by Parent to succeed Joseph M. Redling as President and Chief Executive Officer of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Axelrod was appointed as Director at Stonemor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen J. Negrotti departed as Director at Stonemor Inc..
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Stonemor Inc.: Amended and restated bylaws to become bylaws of Merger Sub (effective 2022-11-03).
- Change
- bylaw amendment
- Effective
- 2022-11-03
Exact text from the filing
the Company’s Bylaws were amended and restated in their entirety to be the bylaws of Merger Sub as in effect immediately prior to the Effective Time
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Stonemor Inc.: Amended and restated certificate of incorporation to become certificate of Merger Sub (effective 2022-11-03).
- Change
- charter amendment
- Effective
- 2022-11-03
Exact text from the filing
the Company’s Certificate of Incorporation was amended and restated in its entirety to be the certificate of incorporation of Merger Sub as in effect immediately prior to the Effective Time
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Stonemor Inc. underwent a change of control involving Axar Capital Management, LP for $3.50 in cash per share (closed 2022-11-03).
- Action
- change of control
- Counterparty
- Axar Capital Management, LP
- Consideration
- $3.50 in cash per share
- Closing
- 2022-11-03
Exact text from the filing
of Common Stock held by the Company (the “ Treasury Shares ” and together with the Axar Shares, the “ Excluded Shares ”) was cancelled and converted into the right to receive $3.50 in cash per share, without interest (the “ Merger Consideration ”); • each Treasury Share was cancelled without payment of any consideration therefor; • each Axar Share was
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.