secwatch / observer
8-K filed May 3, 2023, 7:59 PM ET CIK 0001121142
M&A confidence high sentiment neutral materiality 1.00

Maxar Technologies Inc.: M&A transaction — Maxar completes $6.4B take-private by Advent International, $53/share cash

Maxar Technologies Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jason Cawley

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
Departed

Daniel L. Jablonsky

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Eddy Zervigon

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Howell M. Estes III

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

C. Robert Kehler

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Heather A. Wilson

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Appointed

Stephen Hoffmeister

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
Departed

L. Roger Mason, Jr.

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Appointed

Abhishek Chauhan

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
Departed

Gilman Louie

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Roxanne J. Decyk

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Joanne O. Isham

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Eric J. Zahler

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
Departed

Nick S. Cyprus

Director
Maxar Technologies Inc.
Effective
2023-05-03
Filed
May 3, 2023, 7:59 PM ET
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Jason Cawley was appointed as Director at Maxar Technologies Inc..

Action
appointed
Role
Director
Exact text from the filing
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Daniel L. Jablonsky departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Eddy Zervigon departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Howell M. Estes III departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

C. Robert Kehler departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Heather A. Wilson departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Hoffmeister was appointed as Director at Maxar Technologies Inc..

Action
appointed
Role
Director
Exact text from the filing
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

L. Roger Mason, Jr. departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Abhishek Chauhan was appointed as Director at Maxar Technologies Inc..

Action
appointed
Role
Director
Exact text from the filing
At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Gilman Louie departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Roxanne J. Decyk departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Joanne O. Isham departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Eric J. Zahler departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Nick S. Cyprus departed as Director at Maxar Technologies Inc..

Action
ceased
Role
Director
Exact text from the filing
each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Maxar Technologies Inc.: Certificate of incorporation and bylaws amended and restated in their entirety in connection with merger.

Change
bylaw amendment
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, Maxar’s certificate of incorporation and bylaws were amended and restated in their entirety.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Maxar Technologies Inc. underwent a change of control involving Advent International Corporation, British Columbia Investment Management Corporation for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion (closed 2023-05-03).

Action
change of control
Counterparty
Advent International Corporation, British Columbia Investment Management Corporation
Consideration
$53.00 per share in cash, valuing Maxar at approximately $6.4 billion
Closing
2023-05-03
Exact text from the filing
State of Delaware and did not vote such shares of Maxar Common Stock in favor of the Merger or consent thereto in writing) was automatically converted into the right to receive $53.00 in cash, without interest (the “Merger Consideration”). Additionally, at the Effective Time, each share of common stock of Merger Sub, par value $0.01 per share, issued and
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Maxar Technologies Inc. terminated 7.54% Notes Indenture with Wilmington Trust, National Association (effective 2023-05-03).

Action
termination
Agreement
notes offering
Counterparty
Wilmington Trust, National Association
Effective
2023-05-03
Exact text from the filing
As of the Closing Date, Maxar satisfied and discharged (i) the Indenture, dated June 25, 2020, among Maxar, the subsidiary guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee and as collateral agent (the "7.54% Notes Indenture")
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Maxar Technologies Inc. terminated Credit Agreement with Royal Bank of Canada (effective 2023-05-03).

Action
termination
Agreement
credit facility
Counterparty
Royal Bank of Canada
Effective
2023-05-03
Exact text from the filing
On the Closing Date, Maxar prepaid in full all amounts, and terminated all commitments, outstanding under its Second Amended and Restated Credit Agreement, dated as of June 14, 2022, among Maxar, the lenders party thereto from time to time and Royal Bank of Canada, as administrative agent and collateral agent (as amended, restated, supplemented or otherwise modified, the "Credit Agreement").
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Maxar Technologies Inc. terminated 7.75% Notes Indenture with Wilmington Trust, National Association (effective 2023-05-03).

Action
termination
Agreement
notes offering
Counterparty
Wilmington Trust, National Association
Effective
2023-05-03
Exact text from the filing
022, among Maxar, the subsidiary guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee and as collateral agent (the “7.75% Notes Indenture,” and together with the 7.54% Notes Indenture, the “Notes Indentures”),
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-055309
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