secwatch.observer — SEC 8-K summary
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Issuer:     Pzena Investment Management, Inc. (—)
CIK:        0001399249
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001193125-22-273962
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pzena Investment Management completes take-private; shareholders get $9.60/sh, delists from NYSE
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/0001193125-22-273962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399249/000119312522273962/d318159d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-273962

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