secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000950170-23-011426
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ampco-Pittsburgh settles with Ancora, adds two directors to board
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- Appoints Fredrick DiSanto and Darrell McNair to Board, term expiring at 2026 annual meeting.
- Ancora parties agree to standstill until 30 days before 2026 nomination deadline or 100 days before 2025 annual meeting.
- Ancora to vote in favor of Board recommendations on director elections, auditor ratification, and other proposals, with exceptions for ISS/Glass Lewis divergence and M&A.
- DiSanto must resign if Ancora's ownership falls below 4% of outstanding common stock.
- Ancora appointees receive same compensation as other non-employee directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000095017023011426/0000950170-23-011426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000095017023011426/ap-20230331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011426

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