secwatch.observer — SEC 8-K summary
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Issuer:     P&F INDUSTRIES INC (—)
CIK:        0000075340
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001104659-23-127773
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, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

P&F Industries acquired by ShoreView for $13.00/share; stock delisted from Nasdaq
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- Merger closed Dec 20, 2023; PFIN shareholders receive $13.00 per share in cash, no interest.
- All outstanding shares converted to cash; options and restricted shares cashed out per formula.
- Company terminated its Credit Agreement with Capital One; all amounts repaid in full.
- Board replaced: Peter Zimmerman, Thomas D'Ovidio, Madeleine Shumaker, David Wakefield, Tim Ristoff appointed.
- Stockholders approved merger at special meeting on Dec 19, 2023; 2,762,243 votes For, 588 Against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75340/000110465923127773/0001104659-23-127773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75340/000110465923127773/tm2333328d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127773

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