secwatch.observer — SEC 8-K summary
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Issuer:     SILVERBOW RESOURCES, INC. (—)
CIK:        0000351817
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001193125-24-188988
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy closes acquisition of SilverBow Resources; stockholders approved merger
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- SilverBow stockholders approved merger with 16,948,630 votes for, 65,372 against.
- Each share converted to $38 cash (capped at $400M), 3.125 Crescent shares, or 1.866 shares + $15.31 cash.
- SilverBow common stock delisted from NYSE as of July 30, 2024; deregistration filed.
- Executives Woolverton, Abundis, Adam received transaction bonuses of $1M, $650k, $700k, respectively.
- All outstanding debt under credit agreement and note purchase agreement repaid and terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351817/000119312524188988/0001193125-24-188988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351817/000119312524188988/d860315d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-188988

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