[8-K] Steelcase, Inc. Reports Material Event
Steelcase completed a voluntary conversion tied to its merger process: Mr. Robert C. Pew III converted 2,216,114 shares of Company Class B common stock into 2,216,114 shares of Company Class A common stock, which triggered an Event of Automatic Conversion and resulted in the automatic one-for-one conversion of all Company Class B shares into Class A shares. Following the Conversion there were 114,717,466 shares of Company Class A common stock outstanding and no shares of Company Class B common stock outstanding. Converted Class B shares will be retired and canceled and holders must deliver certificates, duly endorsed or with proper instruments of transfer, to receive Class A certificates.
The Conversion is described as occurring in connection with a Merger Agreement among Steelcase, HNI Corporation and related parties and associated Letter and Voting Agreements. HNI will file a Registration Statement on Form S-4 and a definitive joint proxy statement/prospectus to register HNI shares to be issued in the transaction; those materials will be sent to shareholders.
Steelcase ha completato una conversione volontaria collegata al processo di fusione: il Sig. Robert C. Pew III ha convertito 2,216,114 azioni di Company Class B in 2,216,114 azioni di Company Class A, fatto che ha generato un evento di conversione automatica e ha comportato la conversione automatica, in rapporto uno a uno, di tutte le azioni Class B in azioni Class A. A seguito della conversione risultavano in circolazione 114,717,466 azioni di Company Class A e nessuna azione di Company Class B. Le azioni Class B convertite saranno ritirate e cancellate; i titolari dovranno consegnare i certificati, debitamente girati o corredati dei relativi strumenti di trasferimento, per ricevere i certificati di Class A.
La conversione è descritta come avvenuta nell'ambito di un Accordo di Fusione (Merger Agreement) tra Steelcase, HNI Corporation e parti correlate e dei relativi accordi di lettera e di voto. HNI depositerà una dichiarazione di registrazione sul Modulo S-4 (Registration Statement on Form S-4) e un prospetto/statement congiunto definitivo (definitive joint proxy statement/prospectus) per registrare le azioni HNI che saranno emesse nell'operazione; tali documenti saranno inviati agli azionisti.
Steelcase completó una conversión voluntaria vinculada a su proceso de fusión: el Sr. Robert C. Pew III convirtió 2,216,114 acciones de Company Class B en 2,216,114 acciones de Company Class A, lo que desencadenó un Evento de Conversión Automática y dio lugar a la conversión automática, a razón de una por una, de todas las acciones Class B en acciones Class A. Tras la conversión habÃa 114,717,466 acciones de Company Class A en circulación y ninguna acción de Company Class B. Las acciones Class B convertidas serán retiradas y canceladas; los titulares deberán entregar los certificados, debidamente endosados o acompañados de los instrumentos de transferencia apropiados, para recibir los certificados de Class A.
La conversión se describe como realizada en relación con un Acuerdo de Fusión (Merger Agreement) entre Steelcase, HNI Corporation y partes relacionadas, asà como con los acuerdos de carta y de votación asociados. HNI presentará una Declaración de Registro en el Formulario S-4 (Registration Statement on Form S-4) y un prospecto/declaraación conjunta definitivo (definitive joint proxy statement/prospectus) para registrar las acciones de HNI que se emitirán en la transacción; esos materiales se enviarán a los accionistas.
SteelcaseëŠ� 합병 ì ˆì°¨ì™€ ê´€ë ¨ëœ ìžë°œì � ì „í™˜ì� 완료했습니다: Robert C. Pew III 씨가 회사 Class B 보통ì£� 2,216,114주를 회사 Class A 보통ì£� 2,216,114주로 ì „í™˜í–ˆìœ¼ë©�, ì´ëŠ” ìžë™ì „환 사건ì� 촉발하여 ëª¨ë“ Class B 주ì‹ì� 1대1ë¡� ìžë™ ì „í™˜ë˜ë„ë¡� 했습니다. ì „í™˜ í›� 회사 Class A 보통주는 114,717,466주가 발행ë˜ì–´ 있었ê³� 회사 Class B 보통주는 ì—†ìŒìœ¼ë¡œ 남았습니ë‹�. ì „í™˜ë� Class B 주ì‹ì€ 소ê°Â·ì·¨ì†Œë� ì˜ˆì •ì´ë©°, 주주ëŠ� Class A ì¦ì„œë¥� 받기 위해 ì 법하게 배서ë˜ì—ˆê±°ë‚˜ ì ì ˆí•� ì–‘ë„ì¦ì„œê°€ 첨부ë� ì¦ì„œë¥� ì œì¶œí•´ì•¼ 합니ë‹�.
ì� ì „í™˜ì€ Steelcase와 HNI Corporation ë°� ê´€ë � 당사ìžë“¤ ê°„ì˜ í•©ë³‘ê³„ì•½(Merger Agreement)ê³� ê´€ë ¨ëœ ì„œí•œ ë°� ì˜ê²°ê¶� 계약ê³� 연관하여 ì´ë£¨ì–´ì§„ 것으ë¡� 설명ë˜ì–´ 있습니다. HNIëŠ� 거래ì—서 발행ë� HNI 주ì‹ì� 등ë¡í•˜ê¸° 위해 Form S-4ì� 등ë¡ëª…세ì„�(Registration Statement on Form S-4)와 í™•ì •ë� í•©ë™ ëŒ€ë¦�/투ìžì„¤ëª…ì„�(definitive joint proxy statement/prospectus)ë¥� ì œì¶œí•� ì˜ˆì •ì´ë©°, 해당 ìžë£ŒëŠ� 주주들ì—ê²� 발송ë� 것입니다.
Steelcase a achevé une conversion volontaire liée à son processus de fusion : M. Robert C. Pew III a converti 2,216,114 actions de Company Class B en 2,216,114 actions de Company Class A, ce qui a déclenché un événement de conversion automatique et entraîné la conversion automatique, à raison d'une pour une, de toutes les actions Class B en actions Class A. Après la conversion, 114,717,466 actions de Company Class A étaient en circulation et aucune action de Company Class B. Les actions Class B converties seront retirées et annulées ; les titulaires devront remettre les certificats, dûment endossés ou accompagnés des instruments de transfert appropriés, afin de recevoir les certificats Class A.
La conversion est décrite comme étant intervenue dans le cadre d'un accord de fusion (Merger Agreement) entre Steelcase, HNI Corporation et des parties liées, ainsi que des accords de lettre et de vote associés. HNI déposera une déclaration d'enregistrement sur le formulaire S-4 (Registration Statement on Form S-4) et un projet définitif de circulaire/prospectus conjoint (definitive joint proxy statement/prospectus) pour enregistrer les actions HNI qui seront émises dans le cadre de la transaction ; ces documents seront envoyés aux actionnaires.
Steelcase hat eine freiwillige Umwandlung im Zusammenhang mit seinem Fusionsprozess abgeschlossen: Herr Robert C. Pew III hat 2,216,114 Aktien der Company Class B in 2,216,114 Aktien der Company Class A umgewandelt, was ein Ereignis der automatischen Umwandlung auslöste und zur automatischen Eins-zu-Eins-Umwandlung aller Class B-Aktien in Class A führte. Nach der Umwandlung bestanden 114,717,466 Aktien der Company Class A und keine Aktien der Company Class B. Die umgewandelten Class B-Aktien werden zurückgezogen und annulliert; Inhaber müssen ihre Zertifikate, ordnungsgemäß indossiert oder mit den geeigneten Übertragungsunterlagen versehen, einreichen, um Class A-Zertifikate zu erhalten.
Die Umwandlung wird als im Zusammenhang mit einem Fusionsvertrag (Merger Agreement) zwischen Steelcase, der HNI Corporation und verbundenen Parteien sowie den zugehörigen Letter- und Voting-Vereinbarungen stehend beschrieben. HNI wird eine Registrierungserklärung auf Formular S-4 (Registration Statement on Form S-4) einreichen und eine endgültige gemeinsame Vollmachts-/Prospekterklärung (definitive joint proxy statement/prospectus) zur Registrierung der im Geschäft auszugebenden HNI-Aktien erstellen; diese Unterlagen werden den Aktionären zugesandt.
- Completed conversion: 2,216,114 Class B shares converted into Class A shares, triggering automatic one-for-one conversion of all Class B into Class A.
- Single class outstanding: Following the Conversion there are 114,717,466 Class A shares outstanding and no Class B shares outstanding.
- Merger disclosure in progress: HNI will file a Form S-4 and a definitive joint proxy/prospectus to register shares to be issued in the transaction.
- None.
Insights
TL;DR: Conversion completed; all Class B shares converted to Class A, simplifying outstanding share classes ahead of the HNI transaction.
The filing confirms a procedural but material equity restructuring: 2,216,114 Class B shares were voluntarily converted and all remaining Class B shares automatically converted one-for-one into Class A, leaving 114,717,466 Class A shares outstanding and no Class B shares. This changes the company's outstanding capital stock composition and clarifies the share registry prior to the pending merger with HNI, which will be further detailed in HNI's Form S-4 and joint proxy/prospectus.
TL;DR: The conversion ends dual-class share holdings described in the Articles and terminates Class B shareholder rights upon issuance of Class A certificates.
The document states converted certificates will represent the same number of Class A shares and that holders will be treated as record holders at the time of Conversion; converted Class B rights cease at that time and converted shares are retired and canceled. The filing also outlines transfer procedures for issuance and registration of Class A certificates, ensuring administrative steps for ownership recognition are specified ahead of the merger disclosure process.
Steelcase ha completato una conversione volontaria collegata al processo di fusione: il Sig. Robert C. Pew III ha convertito 2,216,114 azioni di Company Class B in 2,216,114 azioni di Company Class A, fatto che ha generato un evento di conversione automatica e ha comportato la conversione automatica, in rapporto uno a uno, di tutte le azioni Class B in azioni Class A. A seguito della conversione risultavano in circolazione 114,717,466 azioni di Company Class A e nessuna azione di Company Class B. Le azioni Class B convertite saranno ritirate e cancellate; i titolari dovranno consegnare i certificati, debitamente girati o corredati dei relativi strumenti di trasferimento, per ricevere i certificati di Class A.
La conversione è descritta come avvenuta nell'ambito di un Accordo di Fusione (Merger Agreement) tra Steelcase, HNI Corporation e parti correlate e dei relativi accordi di lettera e di voto. HNI depositerà una dichiarazione di registrazione sul Modulo S-4 (Registration Statement on Form S-4) e un prospetto/statement congiunto definitivo (definitive joint proxy statement/prospectus) per registrare le azioni HNI che saranno emesse nell'operazione; tali documenti saranno inviati agli azionisti.
Steelcase completó una conversión voluntaria vinculada a su proceso de fusión: el Sr. Robert C. Pew III convirtió 2,216,114 acciones de Company Class B en 2,216,114 acciones de Company Class A, lo que desencadenó un Evento de Conversión Automática y dio lugar a la conversión automática, a razón de una por una, de todas las acciones Class B en acciones Class A. Tras la conversión habÃa 114,717,466 acciones de Company Class A en circulación y ninguna acción de Company Class B. Las acciones Class B convertidas serán retiradas y canceladas; los titulares deberán entregar los certificados, debidamente endosados o acompañados de los instrumentos de transferencia apropiados, para recibir los certificados de Class A.
La conversión se describe como realizada en relación con un Acuerdo de Fusión (Merger Agreement) entre Steelcase, HNI Corporation y partes relacionadas, asà como con los acuerdos de carta y de votación asociados. HNI presentará una Declaración de Registro en el Formulario S-4 (Registration Statement on Form S-4) y un prospecto/declaraación conjunta definitivo (definitive joint proxy statement/prospectus) para registrar las acciones de HNI que se emitirán en la transacción; esos materiales se enviarán a los accionistas.
SteelcaseëŠ� 합병 ì ˆì°¨ì™€ ê´€ë ¨ëœ ìžë°œì � ì „í™˜ì� 완료했습니다: Robert C. Pew III 씨가 회사 Class B 보통ì£� 2,216,114주를 회사 Class A 보통ì£� 2,216,114주로 ì „í™˜í–ˆìœ¼ë©�, ì´ëŠ” ìžë™ì „환 사건ì� 촉발하여 ëª¨ë“ Class B 주ì‹ì� 1대1ë¡� ìžë™ ì „í™˜ë˜ë„ë¡� 했습니다. ì „í™˜ í›� 회사 Class A 보통주는 114,717,466주가 발행ë˜ì–´ 있었ê³� 회사 Class B 보통주는 ì—†ìŒìœ¼ë¡œ 남았습니ë‹�. ì „í™˜ë� Class B 주ì‹ì€ 소ê°Â·ì·¨ì†Œë� ì˜ˆì •ì´ë©°, 주주ëŠ� Class A ì¦ì„œë¥� 받기 위해 ì 법하게 배서ë˜ì—ˆê±°ë‚˜ ì ì ˆí•� ì–‘ë„ì¦ì„œê°€ 첨부ë� ì¦ì„œë¥� ì œì¶œí•´ì•¼ 합니ë‹�.
ì� ì „í™˜ì€ Steelcase와 HNI Corporation ë°� ê´€ë � 당사ìžë“¤ ê°„ì˜ í•©ë³‘ê³„ì•½(Merger Agreement)ê³� ê´€ë ¨ëœ ì„œí•œ ë°� ì˜ê²°ê¶� 계약ê³� 연관하여 ì´ë£¨ì–´ì§„ 것으ë¡� 설명ë˜ì–´ 있습니다. HNIëŠ� 거래ì—서 발행ë� HNI 주ì‹ì� 등ë¡í•˜ê¸° 위해 Form S-4ì� 등ë¡ëª…세ì„�(Registration Statement on Form S-4)와 í™•ì •ë� í•©ë™ ëŒ€ë¦�/투ìžì„¤ëª…ì„�(definitive joint proxy statement/prospectus)ë¥� ì œì¶œí•� ì˜ˆì •ì´ë©°, 해당 ìžë£ŒëŠ� 주주들ì—ê²� 발송ë� 것입니다.
Steelcase a achevé une conversion volontaire liée à son processus de fusion : M. Robert C. Pew III a converti 2,216,114 actions de Company Class B en 2,216,114 actions de Company Class A, ce qui a déclenché un événement de conversion automatique et entraîné la conversion automatique, à raison d'une pour une, de toutes les actions Class B en actions Class A. Après la conversion, 114,717,466 actions de Company Class A étaient en circulation et aucune action de Company Class B. Les actions Class B converties seront retirées et annulées ; les titulaires devront remettre les certificats, dûment endossés ou accompagnés des instruments de transfert appropriés, afin de recevoir les certificats Class A.
La conversion est décrite comme étant intervenue dans le cadre d'un accord de fusion (Merger Agreement) entre Steelcase, HNI Corporation et des parties liées, ainsi que des accords de lettre et de vote associés. HNI déposera une déclaration d'enregistrement sur le formulaire S-4 (Registration Statement on Form S-4) et un projet définitif de circulaire/prospectus conjoint (definitive joint proxy statement/prospectus) pour enregistrer les actions HNI qui seront émises dans le cadre de la transaction ; ces documents seront envoyés aux actionnaires.
Steelcase hat eine freiwillige Umwandlung im Zusammenhang mit seinem Fusionsprozess abgeschlossen: Herr Robert C. Pew III hat 2,216,114 Aktien der Company Class B in 2,216,114 Aktien der Company Class A umgewandelt, was ein Ereignis der automatischen Umwandlung auslöste und zur automatischen Eins-zu-Eins-Umwandlung aller Class B-Aktien in Class A führte. Nach der Umwandlung bestanden 114,717,466 Aktien der Company Class A und keine Aktien der Company Class B. Die umgewandelten Class B-Aktien werden zurückgezogen und annulliert; Inhaber müssen ihre Zertifikate, ordnungsgemäß indossiert oder mit den geeigneten Übertragungsunterlagen versehen, einreichen, um Class A-Zertifikate zu erhalten.
Die Umwandlung wird als im Zusammenhang mit einem Fusionsvertrag (Merger Agreement) zwischen Steelcase, der HNI Corporation und verbundenen Parteien sowie den zugehörigen Letter- und Voting-Vereinbarungen stehend beschrieben. HNI wird eine Registrierungserklärung auf Formular S-4 (Registration Statement on Form S-4) einreichen und eine endgültige gemeinsame Vollmachts-/Prospekterklärung (definitive joint proxy statement/prospectus) zur Registrierung der im Geschäft auszugebenden HNI-Aktien erstellen; diese Unterlagen werden den Aktionären zugesandt.