secwatch.observer — SEC 8-K summary
======================================

Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001104659-26-041552
Event type: regulatory
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways amends poison pill: purchase price to $95, expiry extended to 2029
--------------------------------------------------------------------------------

- Second Amended & Restated Rights Agreement extends Final Expiration Date from April 10, 2026 to April 8, 2029.
- Purchase Price increased from $50 to $95 per share; 20% beneficial ownership threshold unchanged.
- Famatown Finance Limited holds ~15.8% of INSW common stock as of filing date.
- Board acted in response to rapid stock accumulation by Famatown, an affiliate of a company competitor.
- Qualifying offer exception preserved: fully financed tender/open offer for all shares held open 90 business days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465926041552/0001104659-26-041552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465926041552/tm2611306d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-041552

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