secwatch.observer — SEC 8-K summary
======================================

Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001564590-23-002827
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA adopts tax benefits preservation plan to protect $411M NOLs
-----------------------------------------------------------------

- Company has U.S. federal NOLs of approximately $411 million as of Dec 31, 2022.
- Plan triggers if a person or group acquires 4.99% or more of common stock; rights become exercisable for shares worth 2x exercise price.
- Rights expire on February 28, 2026, unless earlier redeemed or exchanged.
- Dividend of one right per share declared for holders of record on March 10, 2023.
- Plan is similar to tax benefit preservation plans adopted by other public companies with significant tax attributes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000156459023002827/0001564590-23-002827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000156459023002827/tti-8k_20230228.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-002827

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer