8-K
filed May 27, 2025, 7:59 PM ET
CIK 0001830210
M&A
confidence high
sentiment negative
materiality 1.00
Benson Hill, Inc.: M&A transaction — Benson Hill sells substantially all assets in Chapter 11; no proceeds for stockholders
Benson Hill, Inc.
- Sale closed May 23, 2025; total consideration includes $1M wind-down cash and $11M DIP credit facility credit bid.
- No proceeds expected to be available for distribution to common stockholders.
- Board of directors resigned effective May 22, 2025; Daniel Cosgrove named sole director and interim CEO as independent contractor.
- Cosgrove to be paid $278/hour for wind-down services, not expected to exceed 40 hours/month.
- Nasdaq suspended trading on March 27, 2025, and delisting proceeding underway.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Linda Whitley-Taylor resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
DeAnn L. Brunts resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adrienne Elsner resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel Cosgrove was elected as Sole Director at Benson Hill, Inc..
- Action
- elected
- Role
- Sole Director
Exact text from the filing
Prior to the Effective Time, the Board of Directors took action such that, effective at the Effective Time, Daniel Cosgrove was elected to serve as the sole director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Mack resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel Jacobi resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Molly Montgomery resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig Rohr resigned as Director at Benson Hill, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
the then-current directors resigned from the Board of Directors of the Company: DeAnn L. Brunts, Adrienne Elsner, Daniel Jacobi, Richard Mack, Molly Montgomery, Craig Rohr and Linda Whitley-Taylor.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Benson Hill, Inc.: Amended bylaws to reduce minimum number of directors from five to one (effective 2025-05-22).
- Change
- bylaw amendment
- Effective
- 2025-05-22
Exact text from the filing
Effective at the Effective Time, the Company’s Second Amended and Restated Bylaws (the “Bylaws”) were amended to provide, in Section 3.2, that the minimum number of directors of the Company shall be one, instead of five.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Benson Hill, Inc. completed a disposition involving Confluence Genetics, LLC for $1 million wind-down amount plus assumption of liabilities and credit bid of $11 million DIP facility (closed 2025-05-23).
- Action
- disposition
- Counterparty
- Confluence Genetics, LLC
- Consideration
- $1 million wind-down amount plus assumption of liabilities and credit bid of $11 million DIP facility
- Closing
- 2025-05-23
Exact text from the filing
required to pay and satisfy in cash certain closing costs; (iii) certain contractual financing obligations; (iv) the payment of a wind-down amount in cash in the amount of $1 million; and (v) the full amount of the secured debtor-in-possession (“DIP”) credit facility (the “DIP Credit Facility”), in the principal amount of $11 million (plus fees and interest),
View on SEC.gov
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