---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-001180"
form_type: "8-K"
ticker: null
cik: "0001957783"
company_name: "MachTen, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:03:23.662551+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MachTen spin-off from LICT set for Aug 31, 2023; contribution agreement executed

## Summary
- LICT to distribute 81% of MachTen shares to its stockholders on Aug 31, 2023; record date July 31, ex-div Sept 1.
- LICT contributes LMT Holding (Michigan broadband ops) to MachTen for 3,172,407 shares and $15M cash dividend from CoBank revolver.
- MachTen authorized 12.5M shares (11.5M common, 1M preferred) via amended charter effective Aug 8.
- Board adopts 2023 Incentive Plan reserving 1M shares; grants CEO Daniel Miller 100,000 RSAs vesting 20% annually.

## SEC filing metadata
- accession: 0001193805-23-001180
- form_type: 8-K
- cik: 0001957783
- company_name: MachTen, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/0001193805-23-001180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/e618875_8k-machten.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-001180
- JSON: https://secwatch.observer/filing/0001193805-23-001180.json
- Plain text: https://secwatch.observer/filing/0001193805-23-001180.txt

## Key facts
- Governance Changes
  MachTen, Inc.: Amended and restated bylaws (effective 2023-08-08).
  - Change: bylaw amendment
  - Effective: 2023-08-08
  source text: Also on August 8, 2023, the Company amended and restated its bylaws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/0001193805-23-001180-index.htm
- Governance Changes
  MachTen, Inc.: Amended and restated certificate of incorporation to authorize 12,500,000 shares consisting of 11,500,000 shares of common stock and 1,000,000 shares of preferred stock (effective 2023-08-08).
  - Change: charter amendment
  - Effective: 2023-08-08
  source text: On August 8, 2023, the Company filed with the Secretary of State of the State of Delaware its amended and restated certificate of incorporation (the “A&R Certificate”), which, among other things, authorized 12,500,000 shares for issuance, consisting of (i) 11,500,000 shares of common stock, par value $0.001 per share and (ii) 1,000,000 shares of preferred stock, having a par value of $0.001 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/0001193805-23-001180-index.htm

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