---
schema_version: "secwatch.filing_event.v1"
accession: "0001783398-26-000063"
form_type: "8-K"
ticker: "UWMC"
cik: "0001783398"
company_name: "UWM Holdings Corp"
filed_at: "2026-05-12T17:05:33+00:00"
generated_at: "2026-05-12T17:07:18.676784+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ISS recommends Two Harbors stockholders vote against CCM merger, backs UWMC $12.50 bid

## Summary
- ISS advises TWO stockholders to reject CCM merger at May 19 special meeting; backs UWMC's $12.50/share offer.
- ISS states TWO board 'has not capitalized on competing bids' and 'shareholders would be better off rejecting' the deal.
- ISS also recommends voting against golden parachute compensation proposal and adjournment proposal.
- UWMC reiterates that rejecting CCM merger preserves value and optionality for TWO stockholders.

## SEC filing metadata
- accession: 0001783398-26-000063
- form_type: 8-K
- ticker: UWMC
- cik: 0001783398
- company_name: UWM Holdings Corp
- filed_at: 2026-05-12T17:05:33+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000063/0001783398-26-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000063/xbrl-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783398-26-000063
- JSON: https://secwatch.observer/filing/0001783398-26-000063.json
- Plain text: https://secwatch.observer/filing/0001783398-26-000063.txt

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