---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-004163"
form_type: "8-K"
ticker: null
cik: "0001001902"
company_name: "INTEVAC INC"
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T21:52:54.744488+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Intevac agrees to be acquired by Seagate for $4.00 per share in cash

## Summary
- Intevac to be acquired by Seagate via tender offer at $4.00/share cash, per merger agreement dated Feb 13, 2025.
- Tender offer to commence within 15 business days, remain open for 20 business days, subject to extension.
- Stockholders owning ~23.5% of shares (Bleichroeder, Palogic Value, Nigel Hunton) entered support agreements to tender.
- Intevac will pay regular quarterly dividend of $0.05 on Mar 13, 2025 plus special dividend of $0.052 per share.
- Seagate has been a long-time customer, accounting for over 90% of Intevac's net revenues in FY2024 and FY2023.

## SEC filing metadata
- accession: 0001140361-25-004163
- form_type: 8-K
- cik: 0001001902
- company_name: INTEVAC INC
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001902/000114036125004163/0001140361-25-004163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001902/000114036125004163/ny20043384x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-004163
- JSON: https://secwatch.observer/filing/0001140361-25-004163.json
- Plain text: https://secwatch.observer/filing/0001140361-25-004163.txt

## Key facts
- Governance Changes
  INTEVAC INC: Amended and restated bylaws to designate state and federal courts in Delaware as the exclusive forum for governance disputes (effective 2025-02-12).
  - Change: bylaw amendment
  - Effective: 2025-02-12
  source text: On February 12, 2025 , in connection with the transactions contemplated by the Merger Agreement, the Company’s Board of Directors amended and restated the Amended and Restated Bylaws of the Company (the “Bylaws Amendment”). The Bylaws Amendment provides for the state and federal courts located within the State of Delaware to be the exclusive forum for various governance disputes concerning the Company and other persons.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001902/000114036125004163/0001140361-25-004163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.