secwatch.observer — SEC 8-K summary
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Issuer:     Hill International, Inc. (—)
CIK:        0001287808
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001104659-22-130052
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hill International acquired by GISI in ~$200M all-cash deal; stock delisted from NYSE
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- Merger closed Dec 27, 2022; shareholders receive $3.40 per share in cash, plus assumed debt.
- Hill becomes wholly owned subsidiary of Global Infrastructure Solutions Inc. (GISI).
- New directors appointed: Jeffrey M. Kissel, Richard C. Lee, Deborah S. Butera; prior directors resigned.
- All outstanding equity awards vested and settled in cash at Merger Consideration.
- Credit agreements with Societe Generale terminated; loans fully prepaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287808/000110465922130052/0001104659-22-130052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287808/000110465922130052/tm2233283d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-130052

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