secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001193125-22-261887
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT closes $1.2B equity investment by State Farm; appoints State Farm COO to board
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- Issued 133.3M shares to State Farm at $9/sh for $1.2B; proceeds to fund $9/sh tender offer for up to 133.3M shares.
- State Farm commits $300M to opportunity fund for product innovation, customer growth, and marketing; first $100M funded.
- Expects non-cash charge of $145M–$160M in Q3 2022 from fair value adjustment of tender offer liability.
- Paul Smith, State Farm EVP & COO, appointed to ADT Board as Class II director, term expiring 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000119312522261887/0001193125-22-261887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000119312522261887/d386078d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-261887

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer