---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-008591"
form_type: "8-K"
ticker: "ELAN"
cik: "0001739104"
company_name: "Elanco Animal Health Inc"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:33:37.418482+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Elanco announces settlement of Tangible Equity Units; will issue ~17.2M shares on Feb 1, 2023

## Summary
- On Feb 1, 2023, holders receive 1.5625 shares per prepaid stock purchase contract; cash in lieu of fractional shares.
- Elanco expects to issue ~17.2 million shares of common stock upon settlement of all outstanding contracts.
- Final installment payment on amortizing notes will be made on Feb 1, 2023; Units will then cease to be outstanding.
- Tangible Equity Units were originally issued in January 2020 with a 5.00% coupon rate.

## SEC filing metadata
- accession: 0001104659-23-008591
- form_type: 8-K
- ticker: ELAN
- cik: 0001739104
- company_name: Elanco Animal Health Inc
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739104/000110465923008591/0001104659-23-008591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739104/000110465923008591/tm234667d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-008591
- JSON: https://secwatch.observer/filing/0001104659-23-008591.json
- Plain text: https://secwatch.observer/filing/0001104659-23-008591.txt

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