secwatch.observer — SEC 8-K summary
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Issuer:     Altair Engineering Inc. (—)
CIK:        0001701732
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001193125-25-066329
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 2.04, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altair Engineering acquired by Siemens for $113/sh ($9.7B); stock delisted
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- Shareholders received $113.00 cash per share; total consideration ~$9.7B.
- $230M 1.750% convertible notes due 2027; conversion right adjusted to $1,618.79/$1,576.41 per $1,000 principal.
- Credit agreement terminated; only one unsecured letter of credit retained.
- Nasdaq listing suspended at March 26, 2025 close; Form 15 to follow for deregistration.
- James Scapa (CEO), Matthew Brown (CFO), Stephanie Buckner (COO) replaced by Anthony Hemmelgarn (CEO) and Timo Nentwich (CFO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701732/000119312525066329/0001193125-25-066329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701732/000119312525066329/d869190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-066329

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