8-K
filed July 20, 2021, 7:59 PM ET
ticker NABL
CIK 0001834488
other material
confidence high
sentiment neutral
materiality 0.85
N-able completes spin-off from SolarWinds; begins trading as independent public company under NABL
N-able, Inc.
- Spin-off completed July 19, 2021; N-able shares trade on NYSE under NABL; SolarWinds stockholders received 1 N-able share per 2 SWI shares.
- Entered into $350M term loan and $60M revolver with JPMorgan; proceeds used to repay SolarWinds.
- Private placement of 20.6M shares at $10.91/share raised ~$225M gross; ~$216M net proceeds distributed to SolarWinds along with ~$16.5M from term loan.
- Board reconstituted: Mike Bingle, William Bock (Chairman), Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca, Michael Widmann.
- Executive officers: John Pagliuca (CEO), Tim O'Brien (CFO), Mike Adler (CTO/CPO), Peter Anastos (GC), Frank Colletti (Sales), Kathleen Pai (CPO).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daryl Lewis was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Widmann was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cam McMartin was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Pagliuca was appointed as President, Chief Executive Officer and Director at N-able, Inc..
- Action
- appointed
- Role
- President, Chief Executive Officer and Director
Exact text from the filing
the officers of the Company are the following: Name Position John Pagliuca President, Chief Executive Officer and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Hoffmann was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kristin Nimsger was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
J. Barton Kalsu resigned as Director at N-able, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jason Bliss and J. Barton Kalsu resigned from their positions as members of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Pagliuca was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Bliss resigned as Director at N-able, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jason Bliss and J. Barton Kalsu resigned from their positions as members of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Bock was appointed as Chairman of the Board at N-able, Inc..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
William Bock will serve as Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mike Bingle was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Bock was appointed as Director at N-able, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors of the Company (the “Board”) was expanded and re-constituted to consist of Mike Bingle, William Bock, Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca and Michael Widmann.
View on SEC.gov
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