secwatch.observer — SEC 8-K summary
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Issuer:     N-able, Inc. (NABL)
CIK:        0001834488
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001834488-21-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834488/000183448821000047/0001834488-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834488/000183448821000047/nabl-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001834488-21-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer