secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2026-10-15T20:27:09+00:00
Accession:  0001213900-26-109859
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 3.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

FreightCar America, PIMCO holders sign pact; ends poison pill, sets 20% transfer review
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- Stockholder Agreement dated Oct 14, 2026 with OC III LVS XII LP, OC III LVS XXVIII LP and OC III LFE II LP (PIMCO-managed), which beneficially own ~48.8% of common stock including warrants.
- Rights Agreement dated Aug 5, 2026 terminated; preferred stock purchase rights expired at close of business Oct 14, 2026, accelerating the prior July 5, 2027 expiration.
- Company agreed not to adopt any stockholder rights plan with an 'Acquiring Person' ownership threshold below 20% of Common Stock then outstanding.
- Transfers to a 'Material Holder' (>20% fully diluted) require written board notice; board gets 10 days to approve, reject or condition, and the sale must close within 60 days.
- Pact runs to 11:59 p.m. ET on the earlier of Oct 14, 2030 or when Stockholder holds 20% or less; permitted transfers include affiliates and Rule 144 sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000121390026109859/0001213900-26-109859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000121390026109859/ea0308698-8k_freightcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-109859

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