Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
EnerSys entered into Stock Purchase Agreement with the Sellers (as defined in the Agreement) valued at approximately $208 million (effective 2024-05-02).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- the Sellers (as defined in the Agreement)
- Value
- approximately $208 million
- Effective
- 2024-05-02
Exact text from the filing
On May 2, 2024, EnerSys Advanced Systems Inc., a Delaware corporation (the “ Buyer ”) and a wholly-owned subsidiary of EnerSys, a Delaware corporation (the “ Company ”), entered into a Stock Purchase Agreement (the “ Agreement ”) with Michael Brenna 2015 Irrevocable Trust Dated 08/17/15, the Trust U/A Third (E) of the Leo. A. Brenna Revocable Trust Dated 02/07/2014 GST Exempt Trust F/B/O Michael Brenna, and the Trust U/A Third (E) of the Leo. A. Brenna Revocable Trust Dated 02/07/2014 Non GST Exempt Trust F/B/O Michael Brenna (each, a “ Seller ” and collectively, “ Sellers ”) and Barbara Dworkin, as Sellers’ representative. Pursuant to the terms of the Agreement, the Buyer will acquire 100% of the equity interests of Bren-Tronics, Inc., a New York corporation and a leader in the design, manufacturing, and marketing of advanced portable power solutions (the “ Acquired Company ”) from the Sellers, including both plots of real estate held by a related party (such stock and asset acquisiti
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