{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-053487","form_type":"8-K","ticker":null,"cik":"0000830524","company_name":"CHASE CORP","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.115192+00:00","generated_at":"2026-06-08T02:55:34.877171+00:00","sec_items":["1.01","1.02","2.01","3.01","3.03","5.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"KKR completes acquisition of Chase Corporation for $127.50 per share, delisting from NYSE American","bullets":["KKR affiliates acquired Chase for $127.50 per share in cash, total equity value ~$1.3 billion.","Chase common stock ceased trading on NYSE American; will be delisted and reporting obligations suspended.","Prior board of directors resigned; Adam Chase and Michael Bourque appointed directors; Lance Reisman named Chairman.","New $450M term loan and $75M revolving credit facility entered; prior BofA credit agreement repaid and terminated.","KKR plans to implement a broad-based employee ownership program allowing all employees to participate in ownership."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-053487","json":"https://secwatch.observer/filing/0001140361-23-053487.json","markdown":"https://secwatch.observer/filing/0001140361-23-053487.md","text":"https://secwatch.observer/filing/0001140361-23-053487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/ef20014744_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:55:34.877171+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"21bbe76da1","claim":"Chad A. McDaniel departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3005a9f504","claim":"Ellen Rubin departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"41fdc4ab96","claim":"Mary Claire Chase departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"62989a3dfc","claim":"Thomas D. Debyle departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7c8a7a4be1","claim":"Michael J. Bourque was appointed as Director at CHASE CORP.","evidence_excerpt":"Adam P. Chase and Michael J. Bourque were appointed as directors of the Surviving Corporation","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"945f22ce1a","claim":"Dana Mohler-Faria departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a8bad658c4","claim":"Peter R. Chase resigned as other_named_officer at CHASE CORP.","evidence_excerpt":"Peter R. Chase resigned from the officer position of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"}],"fact_type":"executive_change"},{"claim_id":"bda92e2189","claim":"Thomas Wroe Jr. departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e2931c3b38","claim":"Adam P. Chase was appointed as Director at CHASE CORP.","evidence_excerpt":"Adam P. Chase and Michael J. Bourque were appointed as directors of the Surviving Corporation","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e619bc6b09","claim":"Joan Wallace-Benjamin departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f74f1d78ba","claim":"John H. Derby departed as Director at CHASE CORP.","evidence_excerpt":"Thomas D. Debyle, John H. Derby, Chad A. McDaniel, Ellen Rubin, Dana Mohler-Faria, Mary Claire Chase, Thomas Wroe Jr. and Joan Wallace-Benjamin ceased to be directors on the Company’s board of directors or any committee thereof","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be director"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"49f85f70457c172a1acc2b3940b8ce23711e252d","claim":"CHASE CORP: Immediately after the Effective Time, the articles of organization were amended and restated in their entirety.","evidence_excerpt":"were each amended and restated in their entirety, as set forth in Exhibits 3.1 and 3.2","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"a3b5f21219adb76ae452cc5db147260e29a3cc9f","claim":"CHASE CORP: Immediately after the Effective Time, the bylaws were amended and restated in their entirety.","evidence_excerpt":"the bylaws of Chase, each as in effect as of the Effective Time were each amended and restated in their entirety, as set forth in Exhibits 3.1 and 3.2","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"3d43becd578190198030663bba9ea90fb70ad690","claim":"CHASE CORP underwent a change of control involving Kohlberg Kravis Roberts & Co. L.P. (closed 2023-11-15).","evidence_excerpt":"On November 15, 2023 (the “ Closing Date ”), Merger Sub merged with and into the Company (the “ Merger ”) on the terms and conditions set forth in the Merger Agreement, with the Company surviving the Merger as a wholly owned subsidiary of Parent (the “ Surviving Corporation ”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Kohlberg Kravis Roberts & Co. L.P."},{"label":"Closing","value":"2023-11-15"}],"fact_type":"ma_transaction"},{"claim_id":"914ed0f2738076201e2e2243d2159076e0613309","claim":"CHASE CORP terminated BofA Credit Agreement with Bank of America, N.A..","evidence_excerpt":"Chase repaid in full the obligations under the Second Amended and Restated Credit Agreement, dated as of July 27, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “ BofA Credit Agreement ”), among Chase and NEPTCO Incorporated, a Rhode Island corporation, each as borrowers and guarantors, the subsidiary guarantors as named therein, Bank of America, N.A. (“ BofA ”), as administrative agent, swing line lender and a letter of credit issuer, BofA Securities, Inc., as lead arranger and bookrunner, and the other lenders from time to time party thereto","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."}],"fact_type":"material_agreement"},{"claim_id":"c0608cd8b636da982a7500728fda5b1cef25b555","claim":"CHASE CORP entered into Credit Agreement with Antares Capital LP valued at $450,000,000.","evidence_excerpt":"Formulations Intermediate Corporation, a Delaware corporation (“ Holdings ”), and Parent entered into that certain Credit Agreement, dated as of the Closing Date, among Holdings, Parent, as borrower, the lenders party thereto (the “ Lenders ”) and Antares Capital LP, as the administrative agent and collateral agent for the Lenders (as amended, restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/830524/000114036123053487/0001140361-23-053487-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Antares Capital LP"},{"label":"Value","value":"$450,000,000"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}