secwatch.observer — SEC 8-K summary
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Issuer:     STARRETT L S CO (—)
CIK:        0000093676
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001437749-24-018160
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starrett completes merger with MiddleGround affiliate; holders get $16.19/share
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- All outstanding shares converted into right to receive $16.19 per share in cash, without interest.
- Stock ceased trading on NYSE as of May 23, 2024; company will file Form 25 to delist and Form 15 to terminate registration.
- Board of directors reconstituted: prior directors resigned; John Stewart and Justin Steil from MiddleGround elected.
- Credit agreement repaid in full and terminated; Rights Agreement terminated prior to effective time.
- Douglas Starrett remains as CEO; John Stewart becomes President, Justin Steil becomes VP and Secretary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93676/000143774924018160/0001437749-24-018160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93676/000143774924018160/scx20240522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018160

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