--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-111319" form_type: "8-K" ticker: null cik: "0001668673" company_name: "PetIQ, Inc." filed_at: "2024-10-25T23:59:59+00:00" generated_at: "2026-05-30T10:04:12.134030+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # PetIQ acquired by Bansk Group for $1.5B; stockholders get $31.00/share cash ## Summary - All-cash deal valued at ~$1.5B; each share converted into $31.00 in cash. - PetIQ shares delisted from Nasdaq; company now privately held. - Board changed: Bart Becht, Chris Kelly, Tim Stone, Sarah Nesi appointed; existing directors ceased. - $143.75M 4% convertible notes due 2026 now convertible only into cash; credit agreements terminated. - Company to operate independently under existing exec team with Bansk support for growth. ## SEC filing metadata - accession: 0001104659-24-111319 - form_type: 8-K - cik: 0001668673 - company_name: PetIQ, Inc. - filed_at: 2024-10-25T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/tm2426836d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-111319 - JSON: https://secwatch.observer/filing/0001104659-24-111319.json - Plain text: https://secwatch.observer/filing/0001104659-24-111319.txt ## Key facts - Executive change Bart Becht was appointed as Director at PetIQ, Inc.. - Action: appointed - Role: Director source text: Following the Effective Time, McCord Christensen remains a director of the Company, and Bart Becht, Chris Kelly, Tim Stone and Sarah Nesi were appointed directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Scott Huff departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Chris Kelly was appointed as Director at PetIQ, Inc.. - Action: appointed - Role: Director source text: Following the Effective Time, McCord Christensen remains a director of the Company, and Bart Becht, Chris Kelly, Tim Stone and Sarah Nesi were appointed directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Kenneth Walker departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Kimberly Lefko departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Sarah Nesi was appointed as Director at PetIQ, Inc.. - Action: appointed - Role: Director source text: Following the Effective Time, McCord Christensen remains a director of the Company, and Bart Becht, Chris Kelly, Tim Stone and Sarah Nesi were appointed directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Tim Stone was appointed as Director at PetIQ, Inc.. - Action: appointed - Role: Director source text: Following the Effective Time, McCord Christensen remains a director of the Company, and Bart Becht, Chris Kelly, Tim Stone and Sarah Nesi were appointed directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Sheryl O’Loughlin departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Allan Hall departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Executive change Mark First departed as Director at PetIQ, Inc.. - Action: ceased - Role: Director source text: At the Effective Time, pursuant to the Merger Agreement, Mark First, Allan Hall, Scott Huff, Kimberly Lefko, Sheryl O’Loughlin and Kenneth Walker, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director of the Company and a member of any committee of the Company’s Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Governance Changes PetIQ, Inc.: Amended and restated the certificate of incorporation upon completion of the merger. - Change: charter amendment source text: Effective upon completion of the Merger, the certificate of incorporation of the Company, as in effect immediately prior to the Merger, was amended and restated to be in the form of the certificate of incorporation attached as Exhibit 3.1 hereto. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm - Governance Changes PetIQ, Inc.: Amended and restated the bylaws upon completion of the merger. - Change: bylaw amendment source text: Effective upon completion of the Merger, the bylaws of the Company, as in effect immediately prior to the Merger, were amended and restated to be in the form of the bylaws attached as Exhibit 3.2 hereto. evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000110465924111319/0001104659-24-111319-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.