---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-108729"
form_type: "8-K"
ticker: "ZWS"
cik: "0001439288"
company_name: "Zurn Elkay Water Solutions Corp"
filed_at: "2021-08-24T23:59:59+00:00"
generated_at: "2026-06-29T08:07:04.943953+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rexnord receives IRS ruling; provides illustrative merger terms with Regal Beloit

## Summary
- IRS private letter ruling received Aug 16, 2021, enabling determination of Qualifying Overlap Shareholders for tax purposes.
- Illustrative scenario: Exchange Ratio adjusted so Regal issues shares representing 40.0% of post-merger Regal stock (approx. 27.1 million shares).
- Regal expected to pay ~$7.21/share special dividend (~$294M aggregate) to Regal shareholders of record pre-Merger.
- Pro forma Regal net indebtedness post-merger estimated at ~$1,091M including dividend and assumption of Land debt.
- Sensitivity: +/-5% change in Overlap Shares results in Regal shares issued 26.4M-27.8M and dividend $154M-$426M.

## SEC filing metadata
- accession: 0001104659-21-108729
- form_type: 8-K
- ticker: ZWS
- cik: 0001439288
- company_name: Zurn Elkay Water Solutions Corp
- filed_at: 2021-08-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1439288/000110465921108729/0001104659-21-108729-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439288/000110465921108729/tm2125321d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-108729
- JSON: https://secwatch.observer/filing/0001104659-21-108729.json
- Plain text: https://secwatch.observer/filing/0001104659-21-108729.txt

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