secwatch.observer — SEC 8-K summary
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Issuer:     Getty Images Holdings, Inc. (GETY)
CIK:        0001898496
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001104659-25-001732
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getty Images to acquire Shutterstock for $9.50 cash + 9.17 GETY shares per SSTK share
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- Consideration per share: Mixed Election $9.50 cash + 9.17 GETY shares; Cash Election $28.85; Stock Election 13.67 GETY shares; proration applies.
- Closing conditions: SSTK shareholder approval, HSR clearance, Getty debt modifications to extend maturities past Feb 2028, tax opinion.
- Termination fees: $32.7M from SSTK to GETY in certain cases; $32.7M or $40M from GETY to SSTK depending on circumstance.
- Post-close board: 11 members (4 from Shutterstock); CEO Craig Peters and Chairman Mark Getty to remain in roles.
- Getty Family Stockholders and Koch Investor (~66% of GETY shares) already approved stock issuance; no further GETY vote needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898496/000110465925001732/0001104659-25-001732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898496/000110465925001732/tm2415646d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-001732

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