---
schema_version: "secwatch.filing_event.v1"
accession: "0001783398-26-000071"
form_type: "8-K"
ticker: "UWMC"
cik: "0001783398"
company_name: "UWM Holdings Corp"
filed_at: "2026-05-13T20:23:23+00:00"
generated_at: "2026-05-13T20:25:25.089813+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# UWMC challenges TWO board rejection of $12.50/share bid, urges vote against CCM merger

## Summary
- UWMC's May 11 cash/stock offer of $12.50/share was rejected by TWO board, which supports $12.00/share CCM deal.
- ISS and Glass Lewis recommend TWO shareholders vote AGAINST the CCM merger and golden parachute proposal.
- Special meeting on May 19, 2026, where TWO shareholders vote on the CCM merger and related proposals.
- UWMC says it can close within 60 days, citing prior regulatory approvals and $424M cash on hand.
- Glass Lewis called TWO's golden parachutes 'excessive,' representing ~25.3% of the merger equity premium.

## SEC filing metadata
- accession: 0001783398-26-000071
- form_type: 8-K
- ticker: UWMC
- cik: 0001783398
- company_name: UWM Holdings Corp
- filed_at: 2026-05-13T20:23:23+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000071/0001783398-26-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000071/xbrl-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783398-26-000071
- JSON: https://secwatch.observer/filing/0001783398-26-000071.json
- Plain text: https://secwatch.observer/filing/0001783398-26-000071.txt

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