---
schema_version: "secwatch.filing_event.v1"
accession: "0001834488-21-000047"
form_type: "8-K"
ticker: "NABL"
cik: "0001834488"
company_name: "N-able, Inc."
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T01:00:09.855837+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# N-able amends stockholder agreement, updates director nomination thresholds and removes TB Co-Investors

## Summary
- Director nomination thresholds for Silver Lake and Thoma Bravo now based on percentage of outstanding shares, not fixed share count from spin-off.
- Silver Lake can nominate 3 directors if ownership ≥20% of outstanding shares, 2 if 10-20%, 1 if 5-10%.
- Thoma Bravo gets same board seat tier: 3 if ≥20%, 2 if 10-20%, 1 if 5-10%.
- TB Co-Investors removed as parties to the agreement; all rights and obligations cease.
- Amendment effective December 13, 2021; approved by company and lead investors.

## SEC filing metadata
- accession: 0001834488-21-000047
- form_type: 8-K
- ticker: NABL
- cik: 0001834488
- company_name: N-able, Inc.
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834488/000183448821000047/0001834488-21-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834488/000183448821000047/nabl-20211213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834488-21-000047
- JSON: https://secwatch.observer/filing/0001834488-21-000047.json
- Plain text: https://secwatch.observer/filing/0001834488-21-000047.txt

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