{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-273962","form_type":"8-K","ticker":null,"cik":"0001399249","company_name":"Pzena Investment Management, Inc.","filed_at":"2022-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.453042+00:00","generated_at":"2026-06-22T21:30:15.059951+00:00","sec_items":["1.01","2.01","3.01","3.03","5.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pzena Investment Management completes take-private; shareholders get $9.60/sh, delists from NYSE","bullets":["Merger completed Oct 31, 2022; Class A shareholders received $9.60 per share in cash.","PZN stock ceased trading and delisted from NYSE; company will operate as privately held.","New $175M term loan and $25M revolving credit agreement with JPMorgan and Regions Bank entered.","Existing partners of Pzena Investment Management, LLC now own the company following change in control.","CEO Richard Pzena says 'excited' for next chapter as private firm."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-273962","json":"https://secwatch.observer/filing/0001193125-22-273962.json","markdown":"https://secwatch.observer/filing/0001193125-22-273962.md","text":"https://secwatch.observer/filing/0001193125-22-273962.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/0001193125-22-273962-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/d318159d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:30:15.059951+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4562909c219b6c68b78ec2cd64237a99c2575dc3","claim":"Pzena Investment Management, Inc. underwent a change of control involving PIM, LLC for $9.60 per share in cash (closed 2022-10-31).","evidence_excerpt":"share of Class A common stock, par value $0.01 per share, of the Company (each, a “ Class A Share ”), other than certain excluded shares, was converted into the right to receive $9.60 in cash, without interest (the “ Merger Consideration ”), and (2) each issued and outstanding share of Class B common stock, par value $0.000001 per share, of the Company (each, a","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/0001193125-22-273962-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"PIM, LLC"},{"label":"Consideration","value":"$9.60 per share in cash"},{"label":"Closing","value":"2022-10-31"}],"fact_type":"ma_transaction"},{"claim_id":"23c757f40e6ee43231210c8d1098e4f6b09909b6","claim":"Pzena Investment Management, Inc. entered into Credit Agreement with the lenders party thereto, JPMorgan Chase Bank, N.A., as an administrative agent, JPM and Regions Bank as joint lead arrangers, the other guarantors party thereto valued at $200,000,000 (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, PIM, LLC (the “ Borrower ”) and certain subsidiaries of the Borrower entered into a $200,000,000 credit agreement (the “ Credit Agreement ”) with the lenders party thereto, JPMorgan Chase Bank, N.A. (“ JPM ”), as an administrative agent, JPM and Regions Bank as joint lead arrangers, the other guarantors party thereto (together with Pzena, the “ Loan Parties ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/0001193125-22-273962-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto, JPMorgan Chase Bank, N.A., as an administrative agent, JPM and Regions Bank as joint lead arrangers, the other guarantors party thereto"},{"label":"Value","value":"$200,000,000"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}