secwatch.observer — SEC 8-K summary
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Issuer:     FLUSHING FINANCIAL CORP (FFIC)
CIK:        0000923139
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001193125-26-002449
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flushing Financial to merge with OceanFirst; 0.85 exchange ratio; Warburg invests $225M
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- Each Flushing share converts to 0.85 OceanFirst share; all-stock transaction.
- Warburg Pincus invests $225M in OceanFirst at $19.76/share concurrent with merger close.
- Expected closing in Q2 2026, subject to stockholder and regulatory approvals.
- Termination fees: ~$21.4M from either party; ~$46.3M from OceanFirst if Warburg investment fails.
- Retention awards: CEO Buran $1.8M; EVPs Grasso $875K, Korzekwinski $750K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923139/000119312526002449/0001193125-26-002449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923139/000119312526002449/d80950d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-002449

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