Park Aerospace enters cooperation agreement with Huffman; nominates Shane Connor to board

PARK AEROSPACE CORP

Park Aerospace agrees to nominate Huffman's Managing Partner Shane Connor for election at 2023 annual meeting.
If elected, Connor will be appointed to a Board committee; term expires at 2024 annual meeting.
Huffman agrees to standstill, voting commitments, and 40% net long position threshold for nomination obligations.
Agreement terminates upon material breach with 5 business days' cure period or after 2024 annual meeting if Connor leaves board.
CEO Brian Shore states board looks forward to welcoming Connor; cites his character and experience.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PARK AEROSPACE CORP entered into Cooperation Agreement with Huffman Prairie Holdings, LLC, and related entities (collectively, "Huffman") (effective 2023-04-20).

Action: entry
Agreement: collaboration
Counterparty: Huffman Prairie Holdings, LLC, and related entities (collectively, "Huffman")
Effective: 2023-04-20

Exact text from the filing

On April 20, 2023, Park Aerospace Corp. (“Park” or the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Huffman Prairie Holdings, LLC, and related entities (collectively, “Huffman”).

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Source: SEC EDGAR

accession 0001437749-23-010787

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