secwatch.observer — SEC 8-K summary
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Issuer:     MRC GLOBAL INC. (—)
CIK:        0001439095
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-269775
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/0001193125-25-269775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439095/000119312525269775/d265684d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-269775

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