secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001587523-24-000076
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles signs definitive agreement to sell Consumer MEMS Microphones to Syntiant for $150M
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- Total consideration $150M ($70M cash + $80M Syntiant preferred stock); closing expected Q4 2024.
- Knowles to focus on Precision Devices and MedTech & Specialty Audio segments, serving aerospace, defense, medtech, industrial markets.
- Pro forma 2023 revenue of remaining businesses: $560M. Q3 2024 guidance: rev $139-143M, non-GAAP EPS $0.24-0.28.
- Intends to use net cash proceeds for debt paydown and stock repurchase.
- Transaction subject to regulatory approvals, third-party consents, and other customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000076/0001587523-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000076/kn-20240918.htm
  HTML page:      https://secwatch.observer/filing/0001587523-24-000076

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