{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-056752","form_type":"8-K","ticker":null,"cik":"0001054721","company_name":"BSQUARE CORP /WA","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.056896+00:00","generated_at":"2026-06-07T15:23:04.888685+00:00","sec_items":["2.01","3.01","3.03","5.01","5.02","5.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Bsquare acquired by Kontron for $1.90 per share; delisting and CEO departure follow","bullets":["Offer accepted 70.9% of shares (14,093,157); remaining shares converted in merger at $1.90 each.","CEO Ralph Derrickson resigns effective Dec 31, 2023; receives $345,000 severance, $172,500 bonus, $166,544 performance bonus, and 12 months COBRA.","New board appointed: Phillip Schulz, Helmut Fischer, Ted Christiansen; Cheryl Wynne remains CFO.","Shares delisted from Nasdaq; company intends to file Form 15 to suspend SEC reporting."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-056752","json":"https://secwatch.observer/filing/0001140361-23-056752.json","markdown":"https://secwatch.observer/filing/0001140361-23-056752.md","text":"https://secwatch.observer/filing/0001140361-23-056752.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/ny20016211x1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:23:04.888685+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":"06d8bddf51","claim":"Mary Jesse resigned as Director at BSQUARE CORP /WA.","evidence_excerpt":"each of Robert J. 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Strom resigned from the Bsquare Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1b3925709a","claim":"Robert J. Chamberlain resigned as Director at BSQUARE CORP /WA.","evidence_excerpt":"each of Robert J. Chamberlain, Richard A. Karp, Ralph C. Derrickson, Ryan Vardeman, Mary Jesse and Bernee D.L. Strom resigned from the Bsquare Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"53f817bb6a","claim":"Richard A. Karp resigned as Director at BSQUARE CORP /WA.","evidence_excerpt":"each of Robert J. Chamberlain, Richard A. Karp, Ralph C. Derrickson, Ryan Vardeman, Mary Jesse and Bernee D.L. Strom resigned from the Bsquare Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"63907c4b9f","claim":"Phillip Schulz was appointed as Director at BSQUARE CORP /WA.","evidence_excerpt":"Phillip Schulz, Helmut Fischer and Ted Christiansen became directors of Bsquare.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7bc010fe33","claim":"Helmut Fischer was appointed as Director at BSQUARE CORP /WA.","evidence_excerpt":"Phillip Schulz, Helmut Fischer and Ted Christiansen became directors of Bsquare.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"978e5d7d6f","claim":"Bernee D.L. Strom resigned as Director at BSQUARE CORP /WA.","evidence_excerpt":"each of Robert J. Chamberlain, Richard A. Karp, Ralph C. Derrickson, Ryan Vardeman, Mary Jesse and Bernee D.L. Strom resigned from the Bsquare Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a0d8e079f4","claim":"Ted Christiansen was appointed as Director at BSQUARE CORP /WA.","evidence_excerpt":"Phillip Schulz, Helmut Fischer and Ted Christiansen became directors of Bsquare.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a706be99c6","claim":"Ryan Vardeman resigned as Director at BSQUARE CORP /WA.","evidence_excerpt":"each of Robert J. Chamberlain, Richard A. Karp, Ralph C. Derrickson, Ryan Vardeman, Mary Jesse and Bernee D.L. Strom resigned from the Bsquare Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"dcb7924dcf","claim":"Ralph C. Derrickson resigned as President and Chief Executive Officer at BSQUARE CORP /WA.","evidence_excerpt":"Mr. Derrickson agreed to cease serving as the President and Chief Executive Officer of Bsquare, effective December 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"36b8c9c0e43da4dddcce0397f4bef90007eb9df0","claim":"BSQUARE CORP /WA underwent a change of control involving Kontron America, Incorporated for $1.90 per Share (closed 2023-12-07).","evidence_excerpt":"the terms of the Merger Agreement, Purchaser commenced a tender offer to purchase all outstanding shares of common stock, no par value (the “Shares”), of Bsquare, at a price of $1.90 per Share, net in cash, without interest (less any required withholding taxes) (the “Offer Price”), upon the terms and subject to the conditions set forth in the Offer to","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Kontron America, Incorporated"},{"label":"Consideration","value":"$1.90 per Share"},{"label":"Closing","value":"2023-12-07"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}