secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001193125-22-058745
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Co. announces holding company reorganization; shareholders get one-for-one shares in new parent
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- Reorganization via merger of Crane Co. into newly formed subsidiary; Crane Co. becomes wholly owned by Crane Holdings.
- Each Crane Co. common share converts to one Crane Holdings common share; NYSE ticker remains 'CR'.
- Stockholder vote required at April 25, 2022 annual meeting; completion expected by Q2 2022.
- Boards of Crane Co. and Crane Holdings unanimously approved; directors and officers remain unchanged.
- Reorganization intended to qualify as tax-free restructuring under Section 368(a) of the Internal Revenue Code.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000119312522058745/0001193125-22-058745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000119312522058745/d287787d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-058745

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