---
schema_version: "secwatch.filing_event.v1"
accession: "0001320461-22-000124"
form_type: "8-K"
ticker: "CPS"
cik: "0001320461"
company_name: "Cooper-Standard Holdings Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:04:07.938698+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cooper-Standard adopts tax benefits preservation plan to protect ~$130M NOLs from Section 382 ownership change

## Summary
- Board declares dividend of one right per common share for holders of record on November 17, 2022.
- Rights become exercisable if a person acquires 4.9% or more of outstanding common stock without Board approval.
- As of Sept 30, 2022, Cooper-Standard had approximately $130 million of U.S. tax attributes at risk.
- Rights expire on November 6, 2025, unless earlier redeemed, exchanged, or terminated by the Board.
- Certificate of Elimination filed for 7% cumulative participating convertible preferred stock (no shares outstanding).

## SEC filing metadata
- accession: 0001320461-22-000124
- form_type: 8-K
- ticker: CPS
- cik: 0001320461
- company_name: Cooper-Standard Holdings Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320461/000132046122000124/0001320461-22-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320461/000132046122000124/cps-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320461-22-000124
- JSON: https://secwatch.observer/filing/0001320461-22-000124.json
- Plain text: https://secwatch.observer/filing/0001320461-22-000124.txt

## Key facts
- Governance Changes
  Cooper-Standard Holdings Inc.: Approved and filed a Certificate of Designation for Series A Junior Participating Preferred Stock in connection with the adoption of a Rights Agreement (effective 2022-11-07).
  - Change: charter amendment
  - Effective: 2022-11-07
  source text: In connection with the adoption of the Rights Agreement, the Board approved a Certificate of Designation of Series A Junior Participating Preferred Stock of Cooper-Standard Holdings Inc. (the “ Certificate of Designation ”). The Certificate of Designation was filed with the Secretary of the State of Delaware on November 7, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046122000124/0001320461-22-000124-index.htm
- Governance Changes
  Cooper-Standard Holdings Inc.: Filed a Certificate of Elimination to remove the Certificate of Designation for 7% cumulative participating convertible preferred stock, no shares outstanding, and shares returned to authorized but unissued status (effective 2022-11-07).
  - Change: charter amendment
  - Effective: 2022-11-07
  source text: On November 7, 2022, the Company filed a Certificate of Elimination to its Third Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware eliminating from the Certificate of Incorporation all matters set forth in the Certificate of Designation with respect to the Company’s 7% cumulative participating convertible preferred stock, par value $0.001 per share (the “ 7% Preferred Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046122000124/0001320461-22-000124-index.htm
- Material Agreements
  Cooper-Standard Holdings Inc. entered into Section 382 Rights Agreement with Broadridge Corporate Issuer Solutions, Inc. (effective 2022-11-07).
  - Action: entry
  - Counterparty: Broadridge Corporate Issuer Solutions, Inc.
  - Effective: 2022-11-07
  source text: Section 382 Rights Agreement, dated as of November 7, 2022, by and between the Company and Broadridge Corporate Issuer Solutions, Inc., as Rights Agent (the “Rights Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046122000124/0001320461-22-000124-index.htm

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