secwatch.observer — SEC 8-K summary
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Issuer:     INTEVAC INC (—)
CIK:        0001001902
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001140361-25-011192
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intevac acquired by Seagate for $4.00/share; tender offer closes with 87.95% tendered; merger completed March 31
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- Tender offer expired 3/28/25; 23,968,013 shares (87.95% outstanding) validly tendered and accepted.
- Stockholders received $4.00 per share in cash; regular Q1 dividend $0.05/share paid 3/13, plus special dividend $0.052/share paid 3/28.
- Intevac became indirect wholly owned subsidiary of Seagate; all prior directors resigned; James C. Lee appointed sole director and President.
- Nasdaq delisting requested; company will file Form 15 to suspend SEC reporting obligations.
- Outstanding options and RSUs cancelled or converted to cash per merger agreement terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001902/000114036125011192/0001140361-25-011192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001902/000114036125011192/ny20045465x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-011192

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