8-K
filed June 14, 2024, 7:59 PM ET
CIK 0001856430
M&A
confidence high
sentiment positive
materiality 1.00
Snap One Holdings Corp.: M&A transaction — Snap One acquisition by Resideo completed for $1.4B; shareholders get $10.75/share
Snap One Holdings Corp.
- Resideo completed acquisition of Snap One for ~$1.4B (incl. net debt); shareholders received $10.75 per share cash.
- Snap One (SNPO) to be delisted from Nasdaq; Form 25 filed June 14, 2024.
- Snap One terminated its credit agreement, paying ~$521 million in outstanding obligations.
- Board and officers replaced: new directors Jeannine J. Lane and John Heskett; new officers Rob Aarnes, Lane, Heskett.
- Certificate of incorporation and bylaws amended and restated upon merger.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik Ragatz departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jacob Best departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Heskett was appointed as other_named_officer at Snap One Holdings Corp..
- Action
- became
Exact text from the filing
The officers of the Surviving Corporation immediately following the Effective Time are Rob Aarnes, Jeannine J. Lane and John Heskett.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth R. Wagers III departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tom Hendrickson departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Heyman departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amy Steel Vanden-Eykel departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Heyman departed as other_named_officer at Snap One Holdings Corp..
- Action
- ceased to be
Exact text from the filing
As contemplated by the Merger Agreement, effective as of the Effective Time, John Heyman ceased to be an officer and employee of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeannine J. Lane was appointed as other_named_officer at Snap One Holdings Corp..
- Action
- became
Exact text from the filing
The officers of the Surviving Corporation immediately following the Effective Time are Rob Aarnes, Jeannine J. Lane and John Heskett.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adalio Sanchez departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rob Aarnes was appointed as other_named_officer at Snap One Holdings Corp..
- Action
- became
Exact text from the filing
The officers of the Surviving Corporation immediately following the Effective Time are Rob Aarnes, Jeannine J. Lane and John Heskett.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Heskett was appointed as Director at Snap One Holdings Corp..
- Action
- became
- Role
- Director
Exact text from the filing
The directors of the Surviving Corporation immediately following the Effective Time are Jeannine J. Lane and John Heskett.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeannine J. Lane was appointed as Director at Snap One Holdings Corp..
- Action
- became
- Role
- Director
Exact text from the filing
The directors of the Surviving Corporation immediately following the Effective Time are Jeannine J. Lane and John Heskett.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Annmarie Neal departed as Director at Snap One Holdings Corp..
- Action
- ceased to be
- Role
- Director
Exact text from the filing
effective as of the Effective Time, each of Erik Ragatz, Jacob Best, John Heyman, Annmarie Neal, Tom Hendrickson, Adalio Sanchez, Amy Steel Vanden-Eykel and Kenneth R. Wagers III ceased to be directors of Snap One
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Snap One Holdings Corp. underwent a change of control involving Resideo Technologies, Inc. for $10.75 in cash (closed 2024-06-14).
- Action
- change of control
- Counterparty
- Resideo Technologies, Inc.
- Consideration
- $10.75 in cash
- Closing
- 2024-06-14
Exact text from the filing
and any shares held by Snap One, Resideo, Merger Sub or any other direct or indirect wholly owned subsidiary of Snap One or Resideo) was converted into the right to receive $10.75 in cash, without interest and less any applicable withholding taxes (the “Merger Consideration”). At the Effective Time, Snap One equity awards were treated as follows: (i) each
View on SEC.gov
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