secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001558370-21-016955
Event type: litigation
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water resolves shareholder lawsuit over board removal provision; pays $50K
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- Verified class action filed Oct 6, 2021 challenged bylaw provision allowing board removal without cause as violating Delaware law.
- Company amended bylaws to delete the challenged provision, rendering the lawsuit moot.
- Court dismissed claim with prejudice; company agreed to pay $50,000 in attorneys' fees and expenses in full settlement.
- Company made no admission of wrongdoing; said settlement avoids litigation expense and distraction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837021016955/0001558370-21-016955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837021016955/wts-20211217x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-016955

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