--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-25-011290" form_type: "8-K" ticker: null cik: "0000931584" company_name: "UNIVERSAL STAINLESS & ALLOY PRODUCTS INC" filed_at: "2025-01-23T23:59:59+00:00" generated_at: "2026-05-27T18:07:22.167427+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Universal Stainless acquired by Aperam for $45.00 per share all-cash; stock delisted ## Summary - Acquisition by Aperam S.A. completed on Jan 23, 2025; stockholders receive $45.00 per share cash. - Universal becomes wholly owned subsidiary of Aperam; shares ceased trading on Nasdaq at close of Jan 23, 2025. - Stockholders approved the transaction at a Special Meeting on Jan 15, 2025. - Entire board of directors resigned; new directors (including Aperam CEO Timoteo Di Maulo) appointed. - Credit facility with PNC Bank repaid and terminated in connection with closing. ## SEC filing metadata - accession: 0001193125-25-011290 - form_type: 8-K - cik: 0000931584 - company_name: UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - filed_at: 2025-01-23T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/d861507d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-25-011290 - JSON: https://secwatch.observer/filing/0001193125-25-011290.json - Plain text: https://secwatch.observer/filing/0001193125-25-011290.txt ## Key facts - Executive change Sudhakar Sivaji was appointed as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: appointed - Role: Director source text: In connection with the consummation of the Merger, effective as of the Effective Time, each of Frédéric Mattei, Timoteo Di Maulo, Vanisha Mittal Bhatia, Sudhakar Sivaji and Aviv Joaquim Bezerra de Melo was appointed to the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Udi Toledano resigned as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: resigned - Role: Director source text: In connection with the Merger, effective as of the Effective Time, each of Dennis Oates, Christopher Ayers, Judith Bacchus, M. David Kornblatt, and Udi Toledano submitted his or her resignation from the Company’s board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Judith Bacchus resigned as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: resigned - Role: Director source text: In connection with the Merger, effective as of the Effective Time, each of Dennis Oates, Christopher Ayers, Judith Bacchus, M. David Kornblatt, and Udi Toledano submitted his or her resignation from the Company’s board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Christopher Ayers resigned as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: resigned - Role: Director source text: In connection with the Merger, effective as of the Effective Time, each of Dennis Oates, Christopher Ayers, Judith Bacchus, M. David Kornblatt, and Udi Toledano submitted his or her resignation from the Company’s board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Dennis Oates resigned as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: resigned - Role: Director source text: In connection with the Merger, effective as of the Effective Time, each of Dennis Oates, Christopher Ayers, Judith Bacchus, M. David Kornblatt, and Udi Toledano submitted his or her resignation from the Company’s board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Vanisha Mittal Bhatia was appointed as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: appointed - Role: Director source text: In connection with the consummation of the Merger, effective as of the Effective Time, each of Frédéric Mattei, Timoteo Di Maulo, Vanisha Mittal Bhatia, Sudhakar Sivaji and Aviv Joaquim Bezerra de Melo was appointed to the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Frédéric Mattei was appointed as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: appointed - Role: Director source text: In connection with the consummation of the Merger, effective as of the Effective Time, each of Frédéric Mattei, Timoteo Di Maulo, Vanisha Mittal Bhatia, Sudhakar Sivaji and Aviv Joaquim Bezerra de Melo was appointed to the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Aviv Joaquim Bezerra de Melo was appointed as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: appointed - Role: Director source text: In connection with the consummation of the Merger, effective as of the Effective Time, each of Frédéric Mattei, Timoteo Di Maulo, Vanisha Mittal Bhatia, Sudhakar Sivaji and Aviv Joaquim Bezerra de Melo was appointed to the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change M. David Kornblatt resigned as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: resigned - Role: Director source text: In connection with the Merger, effective as of the Effective Time, each of Dennis Oates, Christopher Ayers, Judith Bacchus, M. David Kornblatt, and Udi Toledano submitted his or her resignation from the Company’s board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - Executive change Timoteo Di Maulo was appointed as Director at UNIVERSAL STAINLESS & ALLOY PRODUCTS INC. - Action: appointed - Role: Director source text: In connection with the consummation of the Merger, effective as of the Effective Time, each of Frédéric Mattei, Timoteo Di Maulo, Vanisha Mittal Bhatia, Sudhakar Sivaji and Aviv Joaquim Bezerra de Melo was appointed to the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm - M&A Transactions UNIVERSAL STAINLESS & ALLOY PRODUCTS INC underwent a change of control involving Aperam S.A. for $45.00 per share (closed 2025-01-23). - Action: change of control - Counterparty: Aperam S.A. - Consideration: $45.00 per share - Closing: 2025-01-23 source text: under Delaware law (the “Dissenting Shares” and together with the Cancelled Shares, the “Excluded Shares”), was cancelled and converted automatically into the right to receive $45.00 per Share in cash, without interest (the “Merger Consideration”) and subject to any applicable tax withholdings. In addition, at the Effective Time: (i) each option to acquire evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.