secwatch.observer — SEC 8-K summary
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Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001437749-22-028392
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harte Hanks completes repurchase of all Series A Convertible Preferred shares from Wipro
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- Paid $9.926M cash (held in escrow since June 30) plus 100,000 common shares to retire all 9,926 preferred shares.
- Preferred stock was convertible into ~16% of common stock on a fully diluted basis.
- CEO Brian Linscott says transaction eliminates dilutive impact and restrictions on capital use and borrowing.
- Cash portion funded from on-hand cash and credit facility; no additional cash paid at closing beyond escrow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000143774922028392/0001437749-22-028392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000143774922028392/hrth20221205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028392

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