secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001104659-22-099272
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Solutions and Support adopts stockholder rights plan with 15% trigger, rights expire Sept 2023
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- Rights plan triggered if any person or group acquires 15% or more of outstanding common stock.
- Each right entitles holder to purchase one one-thousandth of Series B Preferred at $41.57; exercisable at 50% discount after trigger.
- Dividend of one right per common share declared, record date Sept 27, 2022; rights expire Sept 12, 2023.
- Plan not adopted in response to any specific takeover proposal, per CEO; rights may be redeemed for $0.001 before trigger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465922099272/0001104659-22-099272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465922099272/tm2225633d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-099272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer