secwatch.observer — SEC 8-K summary
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Issuer:     CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK:        0001005757
Form:       8-K
Filed at:   2026-05-14T21:19:48+00:00
Accession:  0001193125-26-224339
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.04, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NEC completes $80.70/sh all-cash acquisition of CSG Systems; CSG now wholly owned by NEC
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- Merger consideration $80.70 per share in cash; CSG now wholly owned subsidiary of NEC.
- Convertible notes (~$425M outstanding) convert into $80.70 cash per share; adjusted conversion rate 15.2606 shares per $1,000 principal.
- CSG's $125M credit agreement repaid and terminated; all commitments and liens released.
- CSG delisted from Nasdaq effective May 25, 2026; intends to deregister with SEC.
- Former CEO Brian Shepherd and other officers terminated; Andrew Feinberg appointed Chairman/CEO of combined Netcracker-led organization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005757/000119312526224339/0001193125-26-224339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005757/000119312526224339/d154728d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-224339

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