8-K
filed January 3, 2025, 6:59 PM ET
CIK 0001302028
M&A
confidence high
sentiment neutral
materiality 0.85
Manitex International, Inc.: M&A transaction — Manitex closes acquisition by Tadano Ltd.; shareholders receive $5.80 per share
Manitex International, Inc.
- Merger completed on Jan 2, 2025; Manitex becomes wholly owned subsidiary of Tadano Ltd.
- Shareholders received $5.80 cash per share; stock delisted from NASDAQ effective Jan 2.
- All prior directors and executive officers resigned; new directors appointed from Merger Sub.
- Credit agreement with Amarillo National Bank terminated and repaid upon closing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen J. Tober resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David J. Langevin resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Takashi Fukui resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ronald M. Clark resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Frederick B. Knox resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
J. Michael Coffey resigned as Director at Manitex International, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Ronald M. Clark, J. Michael Coffey, Takashi Fukui, Frederick B. Knox, David J. Langevin and Stephen J. Tober resigned from the Board of Directors of the Company (the “Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
J. Michael Coffey departed as Executive Officer at Manitex International, Inc..
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
In addition, effective upon the consummation of the Merger, each of J. Michael Coffey, David J. Langevin and Joseph Doolan ceased to be executive officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David J. Langevin departed as Executive Officer at Manitex International, Inc..
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
In addition, effective upon the consummation of the Merger, each of J. Michael Coffey, David J. Langevin and Joseph Doolan ceased to be executive officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Doolan departed as Executive Officer at Manitex International, Inc..
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
In addition, effective upon the consummation of the Merger, each of J. Michael Coffey, David J. Langevin and Joseph Doolan ceased to be executive officers of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Manitex International, Inc.: Bylaws of Merger Sub became bylaws of Surviving Corporation in connection with the Merger, effective at the Effective Time.
- Change
- bylaw amendment
Exact text from the filing
the Bylaws of Merger Sub in effect immediately prior to the Effective Time became the Bylaws of the Surviving Corporation
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Manitex International, Inc.: Articles of incorporation amended and restated in connection with the Merger, effective at the Effective Time.
- Change
- charter amendment
Exact text from the filing
the articles of incorporation of the Surviving Corporation were amended and restated in their entirety
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Manitex International, Inc. underwent a change of control involving Tadano Ltd. for $5.80 per share (closed 2025-01-02).
- Action
- change of control
- Counterparty
- Tadano Ltd.
- Consideration
- $5.80 per share
- Closing
- 2025-01-02
Exact text from the filing
of Common Stock owned by Tadano, Merger Sub or the Company or their respective subsidiaries (“Excluded Shares”), was converted into the right to receive cash in the amount of $5.80 per share, without interest, less any required withholding taxes (the “Merger Consideration”). Each Excluded Share owned by Tadano or any subsidiary thereof remained outstanding
View on SEC.gov
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