secwatch.observer — SEC 8-K summary
======================================

Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001437749-22-016294
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harte Hanks agrees to repurchase all Series A Preferred Shares from Wipro for ~$9.9M cash + 100k shares
--------------------------------------------------------------------------------

- Repurchasing all 9,926 Series A Convertible Preferred Shares from Wipro; these are convertible into ~16% of common stock fully diluted.
- Total consideration: $9,926,000 cash (liquidation value) plus 100,000 shares of common stock; expects close by Q3 2022.
- Funding from cash on hand and credit facility borrowings; CEO says deal eliminates dilutive impact and capital restrictions.
- Chairman states repurchase enhances shareholder value and investment attractiveness.
- Transaction removes preferred conversion rights and associated terms, simplifying capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000143774922016294/0001437749-22-016294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000143774922016294/hrth20220630_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-016294

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer