home · filing · 0001104659-22-099111
8-K filed September 12, 2022, 7:59 PM ET
ticker GEN
CIK 0000849399
M&A
confidence high
sentiment positive
materiality 0.90
NortonLifeLock completes $5.97B cash-and-stock merger with Avast, expands board
Gen Digital Inc.
Issued 94,201,223 shares and ~$5.97B in cash; Avast shareholders elected 36.5% stock option, 63.5% cash option.
Board expanded to 10; Ondrej Vlček appointed President and director, Pavel Baudiš appointed director.
Entered $9.1B credit facilities: $1.5B revolver, $3.91B Term A, $3.69B Term B; maturities 5-7 years.
Priced $1.5B senior notes: $900M 6.750% notes due 2027 and $600M 7.125% notes due 2030.
Avast delisted from London Stock Exchange; combined company to trade as NLOK until new name/ticker.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
Ondrej Vlček
Director
Effective 2022-09-13
Filed September 12, 2022, 7:59 PM ET
the Company will expand the size of its Board from 9 to 10 members and appoint Ondrej Vlček and Pavel Baudiš to the Board.
Appointed
Ondrej Vlček
President
Effective 2022-09-13
Filed September 12, 2022, 7:59 PM ET
In addition, Mr. Vlček was appointed President of the combined Company.
Appointed
Pavel Baudiš
Director
Effective 2022-09-13
Filed September 12, 2022, 7:59 PM ET
the Company will expand the size of its Board from 9 to 10 members and appoint Ondrej Vlček and Pavel Baudiš to the Board.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ondrej Vlček was appointed as Director at Gen Digital Inc..
Action appointed
Role Director
Exact text from the filing
the Company will expand the size of its Board from 9 to 10 members and appoint Ondrej Vlček and Pavel Baudiš to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ondrej Vlček was appointed as President at Gen Digital Inc..
Action appointed
Role President
Exact text from the filing
In addition, Mr. Vlček was appointed President of the combined Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pavel Baudiš was appointed as Director at Gen Digital Inc..
Action appointed
Role Director
Exact text from the filing
the Company will expand the size of its Board from 9 to 10 members and appoint Ondrej Vlček and Pavel Baudiš to the Board.
View on SEC.gov
Source: SEC EDGAR
accession 0001104659-22-099111
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