---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-073176"
form_type: "8-K"
ticker: "MSM"
cik: "0001003078"
company_name: "MSC INDUSTRIAL DIRECT CO INC"
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T19:38:24.265046+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MSC Industrial to eliminate dual-class stock; Class B shares for 1.225 Class A shares, family voting capped at 15%

## Summary
- Each outstanding Class B share (10 votes) exchanged for 1.225 Class A shares (1 vote); eliminates dual-class structure.
- Jacobson/Gershwind family to limit voting to 15% of shares outstanding; excess voted pro rata with unaffiliated Class A holders.
- Family will remain largest shareholder owning ~21% of Class A shares post-reclassification; subject to lock-up and standstill.
- Board to add new independent director; will explore share repurchase to offset dilution from the transaction.
- Reclassification requires approval by majority of unaffiliated Class A shareholders; special meeting after SEC registration.

## SEC filing metadata
- accession: 0001104659-23-073176
- form_type: 8-K
- ticker: MSM
- cik: 0001003078
- company_name: MSC INDUSTRIAL DIRECT CO INC
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1003078/000110465923073176/0001104659-23-073176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1003078/000110465923073176/tm2319189d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-073176
- JSON: https://secwatch.observer/filing/0001104659-23-073176.json
- Plain text: https://secwatch.observer/filing/0001104659-23-073176.txt

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