---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-010923"
form_type: "8-K"
ticker: "MSM"
cik: "0001003078"
company_name: "MSC INDUSTRIAL DIRECT CO INC"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:39:37.994134+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Controlling shareholders propose to exchange Class B shares and eliminate MSC dual-class structure at 1.35 ratio

## Summary
- Jacobson/Gershwind family proposes exchanging each Class B share (10 votes) for 1.35 Class A shares (1 vote), ending dual-class.
- Special Committee of independent directors formed; Kirkland & Ellis retained as legal advisor.
- Any definitive agreement requires approval by Special Committee, Board, and majority of Class A holders without Class B shares.
- Family expects to remain MSC's largest shareholder regardless of outcome.

## SEC filing metadata
- accession: 0001104659-23-010923
- form_type: 8-K
- ticker: MSM
- cik: 0001003078
- company_name: MSC INDUSTRIAL DIRECT CO INC
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1003078/000110465923010923/0001104659-23-010923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1003078/000110465923010923/tm235517d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-010923
- JSON: https://secwatch.observer/filing/0001104659-23-010923.json
- Plain text: https://secwatch.observer/filing/0001104659-23-010923.txt

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