{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-052497","form_type":"8-K","ticker":null,"cik":"0000065759","company_name":"MICROPAC INDUSTRIES INC","filed_at":"2024-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.815038+00:00","generated_at":"2026-05-28T22:56:45.730206+00:00","sec_items":["1.02","2.01","3.03","5.01","5.02","5.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Teledyne completes $57.3M acquisition of Micropac; shareholders get $20/share cash","bullets":["Merger completed Dec 30, 2024; Micropac becomes wholly owned Teledyne subsidiary, renamed Teledyne Micropac.","Stockholders received $20.00 per share in cash; total enterprise value ~$57.3M based on Micropac's net debt.","Mark W. King resigned as CEO/President and from board; Patrick Cefalu resigned as VP/CFO; five other directors resigned.","All Frost Bank loans repaid in full; liens released.","Common stock halted on OTCBB; Teledyne intends to file Form 15 to terminate SEC registration and reporting."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-052497","json":"https://secwatch.observer/filing/0001493152-24-052497.json","markdown":"https://secwatch.observer/filing/0001493152-24-052497.md","text":"https://secwatch.observer/filing/0001493152-24-052497.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:56:45.730206+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a64e6becaa3eed7cfaa9b9183251cd359b525af1","claim":"MICROPAC INDUSTRIES INC: Amended and restated certificate of incorporation.","evidence_excerpt":"the Company’s certificate of incorporation, as in effect immediately prior to the Effective Time, was amended and restated in its entirety","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"c9dab8d90df637428bf6a862aebb86b335b48955","claim":"MICROPAC INDUSTRIES INC: Amended and restated bylaws.","evidence_excerpt":"the Company’s bylaws, as in effect immediately prior to the Effective Time, were amended and restated in their entirety","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"315b8c2613dde0053fdf788b71a3cfcf22a9e9d8","claim":"MICROPAC INDUSTRIES INC underwent a change of control involving Teledyne Technologies Incorporated for $20.00 per share in cash (closed 2024-12-30).","evidence_excerpt":"completion of the previously announced merger of Micropac with a wholly-owned subsidiary of Teledyne. Under the terms of the merger agreement, Micropac stockholders received $20.00 per share in cash without interest and subject to required withholding taxes. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Teledyne Technologies Incorporated"},{"label":"Consideration","value":"$20.00 per share in cash"},{"label":"Closing","value":"2024-12-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}