secwatch.observer — SEC 8-K summary
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Issuer:     BSQUARE CORP /WA (—)
CIK:        0001054721
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001140361-23-056752
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bsquare acquired by Kontron for $1.90 per share; delisting and CEO departure follow
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/0001140361-23-056752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1054721/000114036123056752/ny20016211x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-056752

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