secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001193125-25-134449
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve and Chart Industries sign merger of equals; exchange ratio 3.165 FLS shares per GTLS share
--------------------------------------------------------------------------------

- Each Chart common share converts into 3.165 Flowserve shares; Chart preferred converts to equivalent Flowserve preferred.
- Combined company HQ in Dallas; CEO Scott Rowe (Flowserve), non-executive chair Jillian Evanko (Chart), lead independent director John Garrison.
- Termination fees: Chart pays $250M, Flowserve pays $215M if deal fails under certain conditions.
- Approvals needed: Chart and Flowserve shareholders, HSR/foreign antitrust, SEC Form S-4 effectiveness, NYSE listing.
- Boards of both companies unanimously approved; transaction expected to close within one year of June 3, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312525134449/0001193125-25-134449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312525134449/d935765d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-134449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer