---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-085543"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:29:31.965145+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FreightCar America adopts limited-duration stockholder rights plan with 15% trigger

## Summary
- Rights plan effective immediately, expires August 5, 2026, unless earlier terminated by the Board.
- Trigger: 15% beneficial ownership for activists, 20% for Schedule 13G filers; rights allow 50% discount purchase of common stock.
- Non-cash dividend of one right per share for shares outstanding as of September 2, 2025, payable September 8, 2025.
- Board aims to protect against open-market accumulation without a control premium and reduce hostile takeover risk.
- Company cites 'significant upside ahead,' leading margin profile, and market share growth in press release.

## SEC filing metadata
- accession: 0001213900-25-085543
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000121390025085543/0001213900-25-085543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000121390025085543/ea0256294-8k_freight.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-085543
- JSON: https://secwatch.observer/filing/0001213900-25-085543.json
- Plain text: https://secwatch.observer/filing/0001213900-25-085543.txt

## Key facts
- Governance Changes
  FreightCar America, Inc.: Certificate of Designation establishing Preferred Shares filed with Delaware Secretary of State (effective 2025-09-08).
  - Change: charter amendment
  - Effective: 2025-09-08
  source text: the Board approved the Certificate of Designation establishing the Preferred Shares and the rights, preferences and privileges thereof. The Certificate of Designation was filed with the Secretary of State of the State of Delaware on September 8, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000121390025085543/0001213900-25-085543-index.htm

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