secwatch.observer — SEC 8-K summary
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Issuer:     Sumo Logic, Inc. (—)
CIK:        0001643269
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001140361-23-024758
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Francisco Partners closes $1.7B acquisition of Sumo Logic at $12.05/share
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- All outstanding SUMO shares converted to $12.05 cash; total consideration ~$1.75B.
- New $500M term loan and $50M revolver facility entered to partially fund the Merger.
- CEO Ramin Sayar resigned; CFO Stewart Grierson moved to COO; Jennifer McCord appointed CFO.
- Common stock delisted from Nasdaq effective prior to market open on May 12, 2023.
- Board replaced by Katherine Haar and Jennifer McCord; prior directors resigned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643269/000114036123024758/0001140361-23-024758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643269/000114036123024758/brhc20052953_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-024758

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