secwatch.observer — SEC 8-K summary
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Issuer:     INVESTORS TITLE CO (ITIC)
CIK:        0000720858
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001140361-22-035802
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investors Title extends poison pill to 2032, raises purchase price to $525
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- Rights agreement extended from Oct 31, 2022 to Sep 30, 2032.
- Purchase price increased from $220 to $525 per one-hundredth of a preferred share.
- New 'Acting in Concert' definition triggers rights when parties act together to influence control.
- Other technical and conforming changes made to the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720858/000114036122035802/0001140361-22-035802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720858/000114036122035802/brhc10041897_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-035802

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