secwatch.observer — SEC 8-K summary
======================================

Issuer:     Resolute Forest Products Inc. (—)
CIK:        0001393066
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001193125-23-056328
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resolute Forest Products acquired by Domtar/Paper Excellence for $20.50/share plus CVR; stock delisted
--------------------------------------------------------------------------------

- Merger completed March 1, 2023; each share converted into $20.50 cash plus one contingent value right tied to softwood lumber dispute resolution.
- All outstanding shares delisted from NYSE and TSX; company will deregister under Exchange Act.
- Existing debt facilities repaid and terminated; $300M 4.875% notes redeemed at 102.438% of principal.
- Board of directors replaced: all prior directors resigned; Hardi Wardhana and Sugiarto Kardiman appointed.
- CEO Remi Lalonde received amended CIC agreement with $4.39M payment payable in two installments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393066/000119312523056328/0001193125-23-056328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393066/000119312523056328/d476016d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-056328

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