Gates Industrial announces $125M share repurchase as Blackstone sells 23M shares in secondary offering

Gates Industrial Corp plc

Secondary offering of 20M shares priced after Aug 15 close; underwriters' 3M option exercised in full; expected close Aug 21.
Company to repurchase $125M of shares (7,539,203 shares) from the offering via Citigroup, conditioned on closing.
Director agreed to purchase ordinary shares in the offering.
Thomas Pitstick appointed President Americas effective Aug 16; no compensation change.

item 5.02 item 8.01

Executive movements

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Role change

Thomas G. Pitstick

President, Americas

GTES · Gates Industrial Corp plc

Effective: 2024-08-16
Filed: August 20, 2024, 7:59 PM ET

On August 15, 2024, Thomas G. Pitstick, President APAC and Global Strategy and “named executive officer” of Gates Industrial Corporation plc (the “Company”), was appointed to serve as the Company’s President, Americas, effective August 16, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas G. Pitstick was appointed as President, Americas at Gates Industrial Corp plc.

Action: appointed
Role: President, Americas

Exact text from the filing

On August 15, 2024, Thomas G. Pitstick, President APAC and Global Strategy and “named executive officer” of Gates Industrial Corporation plc (the “Company”), was appointed to serve as the Company’s President, Americas, effective August 16, 2024.

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Gates Industrial Corp plc filing history →

Source: SEC EDGAR

accession 0001718512-24-000073

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