secwatch.observer — SEC 8-K summary
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Issuer:     Albertsons Companies, Inc. (ACI)
CIK:        0001646972
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0001193125-22-265342
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.07, 3.03, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albertsons enters merger agreement with Kroger; major stockholders consent
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- Albertsons signed merger agreement with Kroger on Oct 13, 2022; Merger Sub will merge into Albertsons, which will become Kroger subsidiary.
- Cerberus affiliates entered Support Agreements agreeing to consent to merger; delivered written consent by Oct 18, 2022 for 6,498,880 shares.
- Director Shant Babikian resigned Oct 14, 2022; resignation not due to any disagreement with company.
- Amendment to Series A Preferred Stock: Merger Agreement not a Fundamental Change; HPS consent right revised to require ≥25% of preferred held as of Oct 19.
- Holders of 55.4% of common stock (296M shares) and 87% of preferred stock (584K shares) gave written consent; no further stockholder approval needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1646972/000119312522265342/0001193125-22-265342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1646972/000119312522265342/d87494d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-265342

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