secwatch.observer — SEC 8-K summary
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Issuer:     Knife River Corp (KNF)
CIK:        0001955520
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001140361-23-027662
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.03, 5.05, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knife River completes spin-off from MDU Resources, begins trading as independent public company
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- Spin-off completed May 31, 2023: MDU distributed ~90% of KNF common stock to MDU shareholders; MDU retains ~10%.
- KNF begins regular-way trading on NYSE under ticker "KNF" as independent public company.
- Entered $350M revolving credit facility and $275M term loan; both mature May 31, 2028.
- Board expanded to six, with four new directors (Fagg, Carmona Alvarez, Everist, Sandbrook); prior directors resigned.
- Adopted new compensation plans, amended charter/bylaws; name changed to Knife River Corporation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1955520/000114036123027662/0001140361-23-027662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1955520/000114036123027662/ny20009261x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-027662

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