secwatch.observer — SEC 8-K summary
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Issuer:     AEROJET ROCKETDYNE HOLDINGS, INC. (—)
CIK:        0000040888
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001193125-23-196927
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris completes acquisition of Aerojet Rocketdyne for $58/share; AJRD delisted
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- Each AJRD share converted to $58 cash; stock ceased trading on NYSE and delisting requested.
- CEO Eileen Drake and CFO Daniel Boehle terminated without cause; entitled to severance payments.
- Board reconstituted to three directors: Scott Mikuen, Corliss Montesi, Surangi Epasinghe.
- Credit agreement repaid in full and terminated upon closing.
- Aerojet Rocketdyne became a wholly owned subsidiary of L3Harris.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40888/000119312523196927/0001193125-23-196927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40888/000119312523196927/d533534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-196927

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