secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001193125-23-165357
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main completes $88M share repurchase from CD&R funds; 14M share secondary priced at $28.215
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- Repurchased 3,125,728 Class A shares from CD&R funds for ~$88.2M ($28.215/share).
- Selling stockholders sold 14,000,000 Class A shares at $28.215/share in underwritten offering; company no proceeds.
- Holdings redeemed 5,000,000 partnership interests; Paired Interest Stockholder transferred Class B shares to company.
- CD&R funds reduce stake; company uses cash for buyback; no change to business operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523165357/0001193125-23-165357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523165357/d489503d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-165357

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