secwatch.observer — SEC 8-K summary
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Issuer:     MICROPAC INDUSTRIES INC (—)
CIK:        0000065759
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001493152-24-052497
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teledyne completes $57.3M acquisition of Micropac; shareholders get $20/share cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052497

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