---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-269775"
form_type: "8-K"
ticker: null
cik: "0001439095"
company_name: "MRC GLOBAL INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:35:27.557828+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# MRC Global completes merger with DNOW; shareholders receive 0.9489 DNOW shares per share

## Summary
- Merger closed Nov 6, 2025; each MRC share converted into 0.9489 shares of DNOW common stock.
- MRC Global common stock delisted from NYSE and will be deregistered under Section 12(b) of the Exchange Act.
- All MRC directors and officers ceased; George J. Damiris and Ronald L. Jadin appointed to DNOW's board.
- Existing ABL and Term Loan credit agreements terminated; all outstanding obligations paid in full.
- Special transaction bonuses of $500,000 to Daniel Churay and $250,000 to Grant Bates granted, payable Jan 5, 2026.

## SEC filing metadata
- accession: 0001193125-25-269775
- form_type: 8-K
- cik: 0001439095
- company_name: MRC GLOBAL INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/0001193125-25-269775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/d265684d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-269775
- JSON: https://secwatch.observer/filing/0001193125-25-269775.json
- Plain text: https://secwatch.observer/filing/0001193125-25-269775.txt

## Source-grounded claims
- claim_id: 8b1717e894122a23fdfbf851803b318c497dc71a
  claim: MRC GLOBAL INC.: Upon merger consummation, Merger Sub's certificate of incorporation and bylaws became those of MRC Global (effective 2025-11-06).
  evidence_excerpt: on November 6, 2025, the certificate of incorporation and bylaws of Merger Sub as in effect immediately prior to the Effective Time, as set forth on Exhibits 3.1 and 3.2 of this Current Report, became the certificate of incorporation and bylaws of MRC Global.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/0001193125-25-269775-index.htm
- claim_id: 242c43d9927aef6e432fb6bc06ba2066c92428c0
  claim: MRC GLOBAL INC. underwent a change of control involving DNOW Inc. for 0.9489 shares of DNOW common stock (closed 2025-11-06).
  evidence_excerpt: certain exceptions: • each eligible share of MRC Global common stock, par value $0.01 per share (“MRC Global Common Stock”) was converted automatically into the right to receive 0.9489 shares of DNOW common stock, par value $0.01 per share (“DNOW Common Stock”) (the “Merger Consideration”), with cash paid in lieu of the issuance of fractional shares; • each
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/0001193125-25-269775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.