secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001104659-21-123204
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Water Solutions completes PMC spin-off to Regal Rexnord, becomes pure-play water company
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- Completed Reverse Morris Trust spin-off of PMC segment; stockholders received 0.22296103 Regal shares per Zurn share.
- Name changed from Rexnord to Zurn Water Solutions; NYSE ticker changes from RXN to ZWS effective Oct 5.
- New $550M Term B Loan and $200M revolving credit facility; proceeds used to repay existing debt and fund spin-off.
- Pro forma Remainco net sales $448.9M, net income $38.5M, EPS $0.32 for six months ended June 30, 2021.
- Board reduced to nine; directors Ted Crandall and Robin Walker-Lee resigned; officer Kevin Zaba transferred to Regal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000110465921123204/0001104659-21-123204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000110465921123204/tm2129251d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-123204

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