secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001193125-22-195093
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN completes ADVA exchange offer, acquires 65.43%; board and CEO compensation updated
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- ADTRAN Holdings completed exchange offer for ADVA on July 15, 2022; owns 33,957,538 shares (65.43%).
- CEO Thomas Stanton's base salary increased to $1M upon closing; granted $4M RSUs and slated $2M PSUs for 2022.
- Brian Protiva appointed Vice Chairman; Nikos Theodosopoulos and Johanna Hey join board as independent directors.
- Board committees reconstituted effective August 15, 2022; Protiva's family EGORA owns 7.8% of ADTN.
- ADTN now listed on Frankfurt Stock Exchange (Prime Standard) under symbol QH9.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312522195093/0001193125-22-195093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312522195093/d287762d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-195093

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