My Market Wizard

Form Tyoe: 8-K-A

  • AXON ENTERPRISE, INC. 8-K-A Analysis & Summary – 3/14/2025

    Analyst Summary

    • Axon Enterprise closed exchange transactions with holders of its 0.50% Convertible Senior Notes due 2027.
    • The company exchanged $407,453,000 in aggregate principal amount of the Notes.
    • Holders received $407,954,826.34 in cash (inclusive of accrued interest and fractional shares) and 1,038,259 shares of Axon’s common stock.
    • The exchange transactions were privately negotiated.

  • MAGNACHIP SEMICONDUCTOR Corp 8-K-A Analysis & Summary – 3/14/2025

    Analyst Summary

    • Magnachip Semiconductor Corporation is changing its independent registered public accounting firm from Samil PricewaterhouseCoopers (Samil PWC) to Ernst & Young Han Young (E&Y).
    • The Audit Committee approved the dismissal of Samil PWC effective upon the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
    • The engagement of E&Y is effective following the completion of Samil PWC’s engagement and contingent upon the execution of a satisfactory engagement letter with the Company.
    • Samil PWC’s reports on the company’s consolidated financial statements as of December 31, 2024 and December 31, 2023 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
    • There were no disagreements or reportable events with Samil PWC during the fiscal years ended December 31, 2024 and December 31, 2023 and the subsequent period through March 14, 2025.
    • The company has received a letter from Samil PWC agreeing with the disclosures made in the Form 8-K/A.

  • Conifer Holdings, Inc. 8-K-A Analysis & Summary – 3/14/2025

    Analyst Summary

    • Conifer Holdings filed an amendment (8-K/A) to a previous 8-K report to correct the number of Series B Preferred Stock shares issued on March 3, 2025.
    • The original report incorrectly stated that 5,000 shares of Series B Preferred Stock were issued; the corrected number is 500 shares.
    • The issuance of the shares was completed in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D.
    • The company relied on representations made by the purchaser to qualify for the exemption from registration.

  • INTEL CORP 8-K-A Analysis & Summary – 3/14/2025

    Analyst Summary

    • Michelle Johnston Holthaus and David Zinsner served as Interim Co-Chief Executive Officers of Intel.
    • Each Interim Co-CEO will receive a cash payment of $1,500,000 for their service, payable at the end of the first quarter of 2025.
    • Lip-Bu Tan will become Intel’s Chief Executive Officer effective March 18, 2025.
    • Upon Lip-Bu Tan’s appointment, Ms. Holthaus and Mr. Zinsner will cease to serve as Interim Co-CEOs, resuming their previous roles within the company.

  • ALLETE INC 8-K-A Analysis & Summary – 3/14/2025

    Analyst Summary

    • Jeffrey J. Scissons appointed as Vice President, Chief Financial Officer and Corporate Treasurer effective March 11, 2025.
    • Base salary set at $360,011 per year.
    • Annual incentive plan opportunity of 60% of base salary, effective March 1, 2025.
    • Total long-term incentive plan opportunity of $300,000, effective March 1, 2025, consisting of time-based restricted stock units (25%) and performance share awards (75%).
    • Performance share awards will vest on December 31, 2027, subject to performance metrics and continued service.
    • Mr. Scissons is eligible for severance benefits under the Company’s change in control severance plan, including a lump sum payment equal to two times his annual cash compensation.
    • Mr. Scissons will participate in benefit programs available to executive officers, including retirement savings and stock ownership plans, and supplemental executive retirement plan.