--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-22-021969" form_type: "8-K" ticker: null cik: "0001753886" company_name: "Stonemor Inc." filed_at: "2022-11-03T23:59:59+00:00" generated_at: "2026-06-22T09:34:30.164306+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # StoneMor completes going-private merger with Axar affiliate at $3.50/share ## Summary - 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. ## SEC filing metadata - accession: 0000950170-22-021969 - form_type: 8-K - cik: 0001753886 - company_name: Stonemor Inc. - filed_at: 2022-11-03T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.02, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/ston-20221101.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-22-021969 - JSON: https://secwatch.observer/filing/0000950170-22-021969.json - Plain text: https://secwatch.observer/filing/0000950170-22-021969.txt ## Key facts - Executive change Joseph M. Redling changed role as President and Chief Executive Officer at Stonemor Inc.. - Action: succeeded - Role: President and Chief Executive Officer source text: Lilly Donohue was appointed by Parent to succeed Joseph M. Redling as President and Chief Executive Officer of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Spencer E. Goldenberg was appointed as Director at Stonemor Inc.. - Action: appointed - Role: Director source text: Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Kevin D. Patrick departed as Director at Stonemor Inc.. - Action: ceased to be director - Role: Director source text: Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Patricia D. Wellenbach departed as Director at Stonemor Inc.. - Action: ceased to be director - Role: Director source text: Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change David Miller was appointed as Director at Stonemor Inc.. - Action: appointed - Role: Director source text: Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Joseph M. Redling was appointed as Director at Stonemor Inc.. - Action: appointed - Role: Director source text: Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Lilly Donohue was appointed as President and Chief Executive Officer at Stonemor Inc.. - Action: appointed - Role: President and Chief Executive Officer source text: Lilly Donohue was appointed by Parent to succeed Joseph M. Redling as President and Chief Executive Officer of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Andrew Axelrod was appointed as Director at Stonemor Inc.. - Action: appointed - Role: Director source text: Andrew Axelrod, Spencer E. Goldenberg, David Miller and Joseph M. Redling were appointed by Parent to serve as directors of the Surviving Corporation. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Executive change Stephen J. Negrotti departed as Director at Stonemor Inc.. - Action: ceased to be director - Role: Director source text: Accordingly, at the Effective Time, Stephen J. Negrotti, Kevin D. Patrick and Patricia D. Wellenbach ceased to be directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Governance Changes Stonemor Inc.: Amended and restated bylaws to become bylaws of Merger Sub (effective 2022-11-03). - Change: bylaw amendment - Effective: 2022-11-03 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - Governance Changes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1753886/000095017022021969/0000950170-22-021969-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.