---
schema_version: "secwatch.filing_event.v1"
accession: "0001718512-24-000073"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:28:52.945143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001718512-24-000073
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000171851224000073/0001718512-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000171851224000073/gtes-20240815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718512-24-000073
- JSON: https://secwatch.observer/filing/0001718512-24-000073.json
- Plain text: https://secwatch.observer/filing/0001718512-24-000073.txt

## Key facts
- Executive change
  Thomas G. Pitstick was appointed as President, Americas at Gates Industrial Corp plc.
  - Action: appointed
  - Role: President, Americas
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718512/000171851224000073/0001718512-24-000073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.