secwatch.observer — SEC 8-K summary
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Issuer:     INTEVAC INC (—)
CIK:        0001001902
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001140361-25-004163
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001902/000114036125004163/0001140361-25-004163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001902/000114036125004163/ny20043384x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-004163

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