8-K
filed July 26, 2024, 7:59 PM ET
ticker LINE
CIK 0001868159
other material
confidence high
sentiment positive
materiality 0.75
Lineage closes IPO of 56.9M shares; enters stockholder and transition agreements
Lineage, Inc.
- IPO of 56,882,051 shares closed July 26, 2024; underwriters have 30-day option for 8,532,307 additional shares.
- Company redeemed Series A preferred stock for $0.6M cash plus accrued but unpaid dividends.
- Entered stockholders agreement granting BGLH, Stonepeak, others director nomination rights based on ownership thresholds.
- Lineage Holdings entered transition services agreement with BGMC; $8M annual fee for 3 years ($24M total) for capital deployment and M&A support.
- Board of directors elected with 8 members, including designees from BGLH, Stonepeak, and BGO.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joy Falotico was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Wyper was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lynn Wentworth was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Turner was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Luke Taylor was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Carrafiell was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shellye Archambeau was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Greg Lehmkuhl was elected as Director at Lineage, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Effective July 24, 2024, Messrs. John Carrafiell, Greg Lehmkuhl, Luke Taylor, Michael Turner and James Wyper and Mses. Shellye Archambeau, Joy Falotico and Lynn Wentworth were elected to the board of directors of the Company.
View on SEC.gov
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