Mueller Water Products, Inc. announced the appointment of Richelle R. Feyerherm as its new Chief Accounting Officer, effective August 15, 2025. Ms. Feyerherm replaces Suzanne G. Smith, who stepped down from the position on the same date. The company stated that Ms. Smith's departure was not due to any disagreements over accounting, financial reporting, or internal controls. To ensure a smooth transition, Ms. Smith will enter into a consulting agreement to provide services for up to four months. Ms. Feyerherm is an internal promotion, having previously served as the company's Vice President, Operations Controller since November 2019. Her new compensation package includes a base salary of $325,000, a target annual bonus of 35%, and a target long-term incentive opportunity of 40%. Additionally, she was granted a one-time restricted stock unit award valued at $300,000, which vests in three equal annual installments.
Covenant Logistics Group, Inc. announced the immediate resignation of its Chief Accounting Officer, Matisse Long, effective August 11, 2025. The following day, the company's Board of Directors appointed James “Tripp” S. Grant to serve as the principal accounting officer, also effective immediately. Mr. Grant will assume these new responsibilities while continuing in his current roles as Executive Vice President and Chief Financial Officer, making him both the principal financial and accounting officer. No changes were made to Mr. Grant's compensation arrangements in connection with this new designation.
Maplebear Inc. expanded its Board of Directors to ten members and appointed Josh Silverman as a Class I director, effective August 15, 2025. His term is set to expire at the company's 2027 Annual Meeting of Stockholders, and he will be compensated under the standard non-employee director policy. The filing also confirmed that the previously announced executive leadership transition became effective on August 15, 2025. On that date, Chris Rogers officially began his tenure as the company's Chief Executive Officer and President, also joining the Board as a Class II director. Concurrently, Fidji Simo's resignation as CEO and President became effective, with Ms. Simo continuing to serve the company as Chair of the Board.
H&R Block announced the planned retirement of its Vice President and Chief Accounting Officer, Kellie J. Logerwell, effective October 24, 2025. Ms. Logerwell notified the company of her intent on August 13, 2025, and the filing states her decision was not due to any disagreement with the company on its operations, policies, or practices. She will be succeeded by April M. Wasleski, who will assume the role of Vice President and Chief Accounting Officer on the same date. Ms. Wasleski is an internal promotion, having been with the company for over 13 years, most recently as Director of Accounting since July 2018. Prior to joining H&R Block, she was a Senior Manager at Ernst & Young LLP. Ms. Wasleski’s compensation has not yet been determined, and she is expected to enter into the company's standard restrictive covenant and indemnification agreements for senior executives.
Cogent Communications Holdings, Inc. announced the planned retirement of its Vice President of Global Sales and Chief Revenue Officer, James Bubeck, effective September 2, 2025. The company was notified of his intent to retire on August 11, 2025. Mark Andrew Harris will be appointed as the new Vice President of Global Sales and Chief Revenue Officer upon Mr. Bubeck’s retirement. Mr. Harris, age 61, joined the company in 2023 following its acquisition of Sprint Communications, where he served as Vice President of European Sales. He has been in various sales roles with the Sprint business since April 2003.
Xerox Holdings Corp announced that John Bruno will cease to serve as President and Chief Operating Officer effective August 31, 2025. Following his departure from the executive role, John Bruno will remain on the company’s board of directors and will chair a newly formed Integration Committee. Louie Pastor, the company's current Chief Administrative Officer & Global Head of Operations, will be appointed President and Chief Operating Officer effective September 1, 2025, with no immediate changes to his compensation. On August 14, 2025, Xerox entered into an agreement with John Bruno under which he will receive continued vesting of his outstanding time-based restricted stock units. This vesting is contingent upon his continued service on the board and as chair of the Integration Committee. The agreement also subjects him to 24-month non-competition and non-solicitation covenants, as well as a 36-month cooperation covenant.
AleAnna, Inc. announced that Chief Financial Officer Tristan Yopp will resign from his position, effective September 1, 2025. The Board of Directors appointed Ivan Ronald to serve as the new Chief Financial Officer and principal accounting officer, also effective September 1, 2025. Mr. Ronald, age 52, most recently served as the Chief Financial Officer at Venterra Group PLC from 2021 to 2025 and previously held senior finance roles at GKN Aerospace and Centrica Consumer. In connection with his appointment, AleAnna, Inc. entered into an employment agreement with Mr. Ronald. The agreement provides for an annual base salary of £300,000 and eligibility for a discretionary performance-based bonus with a target of 33% and a maximum of 66% of his base salary. The employment agreement is terminable by either party with 90 days' prior written notice.
Peter Gassner notified Zoom Communications, Inc. of his resignation from its board of directors, effective August 31, 2025, stating the decision was not the result of any disagreement with the company. Concurrently, the board announced the appointment of Kimberly McGarry as the company’s new principal accounting officer, effective immediately. Ms. McGarry, who has served as the company's Chief Accounting Officer since June 2025, will take over the principal accounting officer duties from CFO Michelle Chang. Her compensation package includes an annual base salary of $425,000 and a target bonus of 55%. She will also receive an initial grant of restricted stock units with a target value of $4,000,000, which will vest over a four-year period.
Thomas R. Greco notified Centene Corporation on August 12, 2025, of his resignation from the company's Board of Directors, effective August 22, 2025. His resignation also includes his roles on the Compensation and Talent Committee and the Governance Committee. The filing attributes the departure to increased professional responsibilities from his recent appointment as chief executive officer of FleetPride, Inc. It was explicitly stated that Mr. Greco's resignation was not the result of any dispute or disagreement with the company, its board, or its policies. Following the effective date of the resignation, the Board reduced its size to nine directors.
Tronox Holdings plc disclosed that Julie Beck, a member of its Board of Directors and Audit Committee, has notified the company of her decision to resign. Ms. Beck provided notice on August 15, 2025, and her resignation will be effective as of September 30, 2025. The departure is due to the time commitments associated with her recent appointment as Senior Vice President, Chief Financial Officer and Treasurer of MSA Safety Incorporated. The filing states that Ms. Beck’s resignation was not the result of any disagreement with Tronox on any matter relating to the company's operations, policies, or practices.
Falcon's Beyond Global, Inc. disclosed the resignation of director Sandy Beall from its Board of Directors. Mr. Beall informed the company of his decision on August 12, 2025. His resignation will be effective on the same day, immediately following the conclusion of the company's annual meeting. The filing states that the departure is for personal reasons. Mr. Beall is also resigning to pursue other professional opportunities.
CID Holdco, Inc. disclosed that on August 12, 2025, Holly Grey and Joanna Burkey resigned from its board of directors and their respective committees. The company stated the resignations were not due to any disagreement regarding its operations, policies, or practices. Effective August 15, 2025, the company appointed Walter Skowronski, 76, and Janice Bryant Howroyd, 72, to serve as new directors. Both appointees are considered "independent" and possess "financial sophistication" per Nasdaq listing standards. Mr. Skowronski has also been appointed as the chair of the audit committee and designated an "audit committee financial expert." He brings over 40 years of experience as a senior financial executive, having previously served as Senior Vice President of The Boeing Company and President of Boeing Capital Company, as well as holding senior finance and treasury positions at Lockheed Martin.
On August 14, 2025, Electronic Arts Inc.’s Board of Directors approved an amended and restated Change in Control Severance Plan. The most material amendment to the plan adds a pro rata bonus for the year of termination as a severance benefit, while also making certain administrative and market-aligned updates. The company also reported the results from its annual stockholder meeting held the same day, where all director nominees were elected to the board. The elected directors are Kofi A. Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis A. Ubiñas, Heidi J. Ueberroth, and Andrew Wilson. Shareholders also passed the advisory vote to approve named executive officer compensation and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2026.
Brown & Brown, Inc. increased the size of its Board of Directors from 13 to 14 members and announced the appointment of Joia M. Johnson as a new director, effective August 13, 2025. Ms. Johnson, age 65, retired in 2021 from Hanesbrands Inc., where she served as Chief Administrative Officer and previously as Chief Legal Officer, General Counsel, and Corporate Secretary. She currently serves on the public company boards of Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp., where she chairs the Compensation and Human Resources Committee. Her initial term on the Brown & Brown board will expire at the 2026 Annual Meeting of Shareholders. Ms. Johnson was not immediately appointed to any board committees but is expected to be in the future. She will be compensated according to the company's standard arrangements for non-employee directors, and the filing states there are no related-party transactions or other arrangements connected to her selection.
IonQ, Inc.'s independent board members approved an updated compensation arrangement for Chief Executive Officer Niccolo de Masi on August 11, 2025. His annual base salary was increased to $700,000, and he received a grant of 485,319 restricted stock units (RSUs) effective August 13, 2025. These RSUs are scheduled to vest quarterly over a three-year period. On August 13, 2025, the compensation committee also approved a grant of 109,197 RSUs to Paul T. Dacier, the company's Chief Legal Officer. Mr. Dacier's award vests under an identical three-year quarterly schedule. The board cited several factors for the decisions, including strong company performance, the desire to tie executive incentives to shareholder results, and general internal pay equity. The review also considered potential compensation Mr. de Masi forfeited from a previous position and the structure of performance-based stock units held by other senior employees.
At its Annual Meeting on August 13, 2025, Qorvo, Inc. stockholders approved two key compensation proposals. The Amended and Restated 2022 Stock Incentive Plan was approved to increase the number of shares reserved for issuance by 3,240,000. Stockholders also approved the Amended and Restated 2007 Employee Stock Purchase Plan, which increased its share reserve by 4,000,000 shares. All ten director nominees were elected to the board, although director Roderick D. Nelson received a substantial number of votes against his election (14.5 million against versus 60.1 million for). The advisory vote on executive compensation passed, but with a notable level of opposition, receiving 44.1 million votes for and 30.5 million votes against. The appointment of Ernst & Young LLP as the company's independent registered public accounting firm was ratified, while an unspecified shareholder proposal was not approved.
On August 14, 2025, Qorvo, Inc.’s Board of Directors approved revised compensation arrangements for its named executive officers, with the exception of CEO Robert A. Bruggeworth. The company amended its Change in Control Agreements, increasing the cash severance multiple from 1x to 1.5x for eligible executives, though the multiple for Chief Financial Officer Grant A. Brown remains unchanged. These amended agreements also extend the COBRA coverage period from 12 to 18 months and stipulate that accelerated performance-based equity awards will be measured at the greater of target and actual performance.
The Board also adopted a new Executive Severance Plan for qualifying terminations that occur outside of a change in control. Under this plan, executives are eligible for a cash severance payment equal to one year's base salary plus their annualized target bonus, a pro-rata annual bonus based on actual performance, and 12 months of COBRA coverage. A key feature of this new plan provides for one year of continued vesting for outstanding equity awards, conditional upon the executive agreeing to a non-compete clause. Receipt of any payments or benefits under these arrangements is contingent upon the executive signing a release of claims.
Qorvo, Inc. disclosed that its stockholders elected Peter A. Feld as a director at the 2025 Annual Meeting on August 13, 2025. His election follows the Board's previously reported resolution on May 16, 2025, to include him as a director nominee in the company's proxy statement. Mr. Feld will serve a one-year term. The company further reported that on August 14, 2025, its Board appointed Mr. Feld as a member of the Audit Committee.
On August 14, 2025, the Compensation Committee of Champion Homes, Inc. approved one-time special equity awards for several senior executives. The company stated the restricted stock unit (RSU) awards were intended to ensure business continuity and stability in a challenging market environment. The awards to named executive officers include $1,750,000 for Executive Vice President and CFO Laurie Hough and $1,500,000 for Executive Vice President of Sales Wade Lyall. Executive Vice President of Operations Joseph Kimmell and Senior Vice President and General Counsel Laurel Krueger each received awards valued at $1,000,000. These RSUs vest in equal one-third increments on the first three anniversaries of the grant date, contingent upon continued employment. The awards were granted under the company's 2018 Equity Incentive Plan.
SL Green Realty Corp. has extended the employment agreement for Andrew S. Levine, its Chief Legal Officer and General Counsel. The new agreement, reached on August 13, 2025, establishes a new three-year term for Mr. Levine, which is effective January 1, 2025, and runs through January 1, 2028. Under the amended terms, Mr. Levine will receive an annual base salary of $600,000. The agreement also includes a Change-in-Control provision. This clause permits Mr. Levine to extend his term until the date that is 18 months after a Change-in-Control, should such an event occur within 18 months prior to the scheduled expiration of his contract. The full text of the amended employment and noncompetition agreement was included as an exhibit to the filing.
BigBear.ai Holdings, Inc. announced that on August 12, 2025, its Board of Directors elected Anthony (Tony) Evangelista to serve as a new director. Mr. Evangelista was also appointed to the Board's Audit Committee and Compensation Committee. He is a retired partner from PricewaterhouseCoopers (PwC), where he had a distinguished career from 1985 to 2019, with a brief interlude. From 1993 to 1996, Mr. Evangelista served as the Assistant Chief Accountant in the Division of Investment Management at the U.S. Securities and Exchange Commission. His compensation will adhere to the company's standard non-employee director policy and includes a prorated annual restricted stock unit award. The company confirmed that Mr. Evangelista has executed a standard director indemnification agreement and that there are no arrangements, family relationships, or disclosable transactions connected to his appointment.
On August 12, 2025, Live Oak Bancshares, Inc. appointed Jeffrey Williams Lunsford to its Board of Directors and the board of its subsidiary, Live Oak Banking Company, to serve until the next annual meeting. Mr. Lunsford will receive standard, pro-rated compensation for non-employee directors, and his committee appointments have not yet been determined. The filing discloses that Mr. Lunsford is the Chairman, a co-founder, and an 8.83% owner of DefenseStorm, Inc., a cybersecurity and IT solutions provider. A company subsidiary, Live Oak Ventures, Inc., also owns 4.49% of DefenseStorm, while other Live Oak directors and officers collectively own approximately 3.96%. The bank paid DefenseStorm $469,152 for its services in 2024 and has paid $484,881 year-to-date in 2025. The company confirmed there are no arrangements or understandings between Mr. Lunsford and any other persons pursuant to his board selection.
On August 13, 2025, nLIGHT, Inc. granted special one-time awards of performance-based restricted stock units to key executives to align with its business plan transitions and drive stock price growth. CEO Scott Keeney was awarded 1,200,000 target units, and CFO Joseph Corso was awarded 100,000 target units. The vesting of these awards is entirely contingent upon the company's stock achieving three distinct price goals of $30, $35, and $40 during a six-year performance period. Each price goal corresponds to approximately one-third of the total award. For any units that become eligible to vest by meeting a stock price goal, 50% will vest on the later of January 3, 2028, or the goal's certification date, with the remaining 50% vesting on the later of January 3, 2029, or the certification date, subject to continued service. If the stock price goals are not met within the performance period, the units will be forfeited. The company also filed an amended and restated employment agreement for Scott Keeney as an exhibit to the filing.
McEwen Inc. disclosed the grant of stock options to several executives on August 11, 2025, pursuant to its 2024 Equity and Incentive Plan. Robert McEwen received the largest award of 170,000 stock options, followed by William Shaver with 80,000, Perry Ing with 50,000, and both Stefan Spears and Jeff Chan with 40,000 options each. The options have an exercise price of $10.43 per share and expire five years from the date of the grant. These awards are subject to a three-year, time-based vesting schedule, with one-third of the grant vesting on each of the first three anniversaries. According to the filed form of the Stock Option Agreement, should an individual's employment cease for reasons other than death or for cause, they will have three months to exercise their vested options.
RxSight, Inc. announced that its recently appointed director, Raymond W. Cohen, has been assigned to two board committees. Effective August 14, 2025, the company's Board of Directors appointed Mr. Cohen to serve on both the Compensation Committee and the Audit Committee. This action follows his initial appointment to the Board, which was effective July 31, 2025. With this change, the Compensation Committee is now comprised of Robert J. Palmisano (Chair), J. Andy Corley, Robert Warner, and Raymond W. Cohen. The members of the Audit Committee now include Julie B. Andrews (Chair), Juliet Tammenoms Bakker, Tamara R. Fountain, M.D., and Raymond W. Cohen.
Cantor Equity Partners, Inc. announced the appointment of Louis Zurita to its Board of Directors as a Class II director, effective August 14, 2025. Concurrently, Mr. Zurita was appointed as a member of both the Audit Committee and the Compensation Committee. For his service on the board, he will receive annual compensation of $50,000, paid quarterly. Mr. Zurita has over 30 years of experience in commercial and residential real estate and previously served as the Co-founder and CEO of a prominent e-commerce platform in the Dominican Republic. His current roles include serving as a director for Cantor Equity Partners II, Inc. and as a trustee for the Cantor Fitzgerald Infrastructure Fund and Cantor Select Portfolios. The company noted his extensive investment and management experience, including past directorships at Cantor Futures Exchange L.P. and two CF Acquisition Corps. The filing confirms there are no family relationships between Mr. Zurita and any of the company's directors or executive officers.
On August 14, 2025, the Compensation Committee of PRO DEX INC approved discretionary cash bonuses for its chief executive and chief financial officers. CEO Richard L. Van Kirk was awarded a $70,000 bonus, and CFO Alisha K. Charlton was awarded a $50,000 bonus. The company stated that Mr. Van Kirk's bonus was based upon the company's sales growth and its fiscal 2025 financial performance exceeding internal plans. Both bonuses are scheduled to be paid during the next bi-weekly pay period with a pay date of August 21, 2025.
Prairie Operating Co. has executed amended and restated employment agreements with its senior executive team, effective August 13, 2025. The new agreement for Chief Executive Officer Ed Kovalik increases his annual base salary to $750,000 and reduces his target annual incentive bonus to 125% of that salary, down from 250%. Similarly, President Gary C. Hanna’s annual base salary was increased to $675,000, with his target bonus also being reduced to 125% of salary. Both salary increases are retroactive to January 1, 2025, and were intended to align their cash compensation with competitive market practices. The company also entered into a new agreement with Executive Vice President and CFO Gregory S. Patton, increasing his annual base salary to $550,000, retroactive to January 1, 2025. Mr. Patton’s agreement now includes a severance benefit equal to three times the sum of his annual base salary and target annual bonus if his employment is terminated under specific conditions.
On August 13, 2025, TSS, Inc. entered into an underwriting agreement with Lucid Capital Markets, LLC to manage a secondary public offering. The company offered 3,000,000 shares of its common stock to the public at a price of $17.00 per share. Under the agreement, TSS, Inc. also granted the underwriter an option to purchase an additional 450,000 shares, which was exercised in full on the same day. After accounting for the underwriter's commission, the company anticipates net proceeds of approximately $55.3 million. The offering was made pursuant to a shelf registration statement declared effective in July 2025 and officially closed on August 14, 2025. The filing also included press releases from August 12 through August 14 announcing the offering's commencement, pricing, and closing.
BioSig Technologies, Inc. entered into an underwriting agreement on August 13, 2025, with Clear Street LLC and Needham & Company, LLC to conduct a public secondary offering of common stock. The company agreed to issue and sell 3,852,149 shares to the public at a price of $3.90 per share. The offering closed on August 15, 2025, generating aggregate gross proceeds of approximately $15.02 million before deducting underwriting discounts and other expenses. BioSig Technologies intends to use the net proceeds to purchase gold bullion in accordance with its investment policy, as well as for working capital and general corporate purposes. As part of the agreement, the company, its officers, directors, and certain stockholders are subject to a 90-day lock-up period restricting the transfer of their shares. The company issued press releases on August 13 and August 15 to announce the offering, its pricing, and its closing.
Eve Holding, Inc. has entered into subscription agreements for a registered direct offering to raise approximately $218.5 million in net proceeds through the sale of 47.4 million new shares at $4.85 per share. Key investors in this financing include related party Embraer Aircraft Holding, Inc. (EAH), which is subscribing for $20.0 million worth of shares, and BNDES Participações S.A. – BNDESPAR, which is subscribing for approximately $75.0 million worth of Brazilian Depositary Receipts. The participation by EAH, which is the company's majority stockholder, was approved by a special committee of independent and disinterested directors. In its capacity as the majority holder, EAH also executed a written consent to provide the necessary stockholder approval for its own investment. The company is required to use the $75.0 million in gross proceeds from BNDESPAR to pay for services performed in Brazil, while the remaining net proceeds will be used for general corporate purposes. The closing for the offering is expected on August 15, 2025, though the issuance of shares to EAH will take place at a later date following the delivery of a required information statement to all stockholders.
Nabors Energy Transition Corp. II (NETD) announced it has extended the deadline to consummate an initial business combination by one month, from August 18, 2025, to September 18, 2025. In connection with this extension, the company received $250,000 in financing from Nabors Lux 2 S.a.r.l., an affiliate of its sponsor. This financing was structured as an unsecured, interest-free promissory note, with the proceeds deposited into the company's trust account. The note is repayable upon the consummation of a business combination or the company's liquidation. At the sponsor's discretion, the loan may be converted into warrants at a price of $1.00 per warrant. This extension provides NETD with additional time to complete its previously announced proposed merger with e2Companies LLC.
Funko, Inc. has entered into an amendment to its Stockholder’s Agreement with its largest stockholder, TCG Fuji 3.0, LP. The original agreement grants TCG certain Consent Rights, including approval over stock issuances, as long as its affiliated parties maintain at least 22% beneficial ownership of Funko's Class A common stock. The amendment, dated August 14, 2025, modifies this provision specifically in connection with potential future at-the-market offerings. Under the new terms, up to $40 million worth of Class A common stock issued by Funko through these offerings will be excluded from the calculation of TCG's 22% ownership threshold. This revision allows Funko to proceed with these potential future financings without immediately impacting TCG's Consent Rights from the resulting dilution.
On August 14, 2025, Applied Digital Corp. entered into an amendment to its preferred equity purchase agreement to fund the ongoing construction of its Polaris Forge I data center. The amendment doubled the aggregate commitment for its Series G Convertible Preferred Stock to $300 million from a previous $150 million. This agreement also enhances the company's access to the capital by removing a prior $75 million limitation on the aggregate purchase price for any single put issuance. In a related filing, the company amended the terms of the Series G Preferred Stock, increasing the initial conversion floor price to $12.50 from $4.25. The absolute minimum to which the floor price may be reduced was also raised to $4.33 from $1.34. This sale of Series G Preferred Stock is being conducted as an unregistered private placement, relying on the exemption provided by Section 4(a)(2) of the Securities Act.
On August 14, 2025, Aquestive Therapeutics, Inc. entered into an underwriting agreement to sell 21,250,000 shares of its common stock in a public offering priced at $4.00 per share. The company anticipates gross proceeds of $85.0 million from the transaction, which is being managed by underwriters including Leerink Partners LLC, Cantor Fitzgerald & Co., and Oppenheimer & Co. Inc. Aquestive plans to use the net proceeds primarily to advance the launch and commercialization of its Anaphylm™ (epinephrine) Sublingual Film, assuming FDA approval. The funds are also allocated for working capital, capital expenditures, and general corporate purposes. Based on its current operating plan, the company believes these proceeds, along with existing cash, will fund its planned expenses and capital expenditures into 2027. The offering, conducted under a previously filed shelf registration statement, is expected to close on August 15, 2025. In connection with the financing, the company also furnished an investor presentation and issued a press release announcing the pricing of the offering.
On August 15, 2025, Invitation Homes Inc.'s (INVH) primary operating subsidiary, Invitation Homes Operating Partnership LP, closed an underwritten public offering of $600 million in 4.950% Senior Notes due 2033. The notes are fully and unconditionally guaranteed by Invitation Homes Inc. and certain of its subsidiaries. These senior unsecured obligations rank equally with the issuer's other senior unsecured debt but are effectively subordinated to any existing and future secured indebtedness. The terms are governed by an indenture that contains restrictive covenants, including a requirement to maintain a certain percentage of total unencumbered assets. An underwriting agreement for the offering was executed on August 12, 2025, with BofA Securities, Inc., BMO Capital Markets Corp., and J.P. Morgan Securities LLC acting as representatives for the underwriters. The purchase price paid by the underwriters was 98.852% of the notes' principal amount.
Reliance, Inc. entered into a new $400 million unsecured Term Loan Agreement on August 14, 2025, with a syndicate of lenders including Bank of America as administrative agent and Wells Fargo, PNC Bank, and U.S. Bank as co-syndication agents. The company fully drew the $400 million at closing to repay its senior unsecured notes that were maturing on August 15, 2025. This new loan facility has a three-year term, maturing on August 14, 2028. Borrowings will initially bear interest at a rate of SOFR plus 0.75% per annum. The interest rate margin will subsequently fluctuate between 0.75% and 1.25% over SOFR, based on the company's performance against a Total Net Leverage Ratio. The agreement is not guaranteed by any of the company's subsidiaries and contains a maximum Total Net Leverage Ratio as its sole financial maintenance covenant. Reliance, Inc. may voluntarily prepay the loan at any time, in whole or in part, without premium or penalty.
Main Street Capital Corporation entered into an underwriting agreement with J.P. Morgan Securities LLC on August 13, 2025, for the issuance and sale of $350.0 million in aggregate principal amount of 5.40% notes due 2028. The offering officially closed on August 15, 2025, and the notes will mature on August 15, 2028. Interest will be paid semiannually on February 15 and August 15, commencing February 15, 2026. The notes are direct unsecured obligations, ranking equally with Main Street's other unsecured debt but are subordinated to any secured debt and the obligations of its subsidiaries. Main Street may redeem the notes at its option prior to July 15, 2028, at a "make-whole" price based on the Treasury Rate plus 30 basis points, and at 100% of the principal amount on or after that date. Holders of the notes will also have the right to require the company to repurchase their notes upon a "change of control repurchase event."
On August 15, 2025, Cohen & Steers, Inc. entered into a First Amendment to Credit Agreement, which modifies its existing credit facility dated January 20, 2023. The amendment provides for a $100 million senior unsecured revolving credit facility and extends the maturity date to August 15, 2029. Bank of America, N.A. acted as administrative agent, sole lead arranger, and sole bookrunner, with State Street Bank and Trust Company serving as syndication agent. Borrowings under the amended facility may be used for working capital and general corporate purposes. Interest on outstanding amounts will be variable, based at the company's option on either Term SOFR or a Base Rate, plus an applicable margin determined by a performance pricing grid. The agreement also contains financial covenants concerning leverage and interest coverage, alongside customary limitations on indebtedness, asset sales, and corporate changes. This event was also reported under Item 2.03 as the creation of a direct financial obligation.
On August 12, 2025, a subsidiary of NewAmsterdam Pharma Co N.V. (NAMS) entered into a Supply Agreement with A. Menarini International Licensing S.A., as contemplated by a prior 2022 license agreement. Under the new terms, NewAmsterdam Pharma's subsidiary will serve as the initial exclusive supplier of its obicetrapib monotherapy and obicetrapib/ezetimibe fixed-dose combination products to Menarini. Purchases will be based on periodic volume forecasts provided by Menarini, with pricing set at a specified mark-up over NewAmsterdam Pharma's cost of goods sold. The agreement also provides for the initiation of a process to transfer manufacturing of the drug products to Menarini or a designated third-party manufacturer. To facilitate this, NewAmsterdam Pharma has granted Menarini a non-exclusive license to the necessary patents and know-how for manufacturing. The term of the agreement is tied to the duration of the original license agreement, though NewAmsterdam Pharma can terminate for convenience with 120 days' notice, provided the effective date follows the completion of the manufacturing transfer or two years after its initiation.
PACS Group, Inc. has entered into a Forbearance Agreement and Fifth Amendment to its Credit Agreement with lenders led by administrative agent Truist Bank, effective August 13, 2025. This action was taken in response to the company disclosing multiple Events of Default under its existing credit facility. The defaults originated from "Representation and Warranty Events of Default" related to compliance certificates for five consecutive fiscal quarters, from March 31, 2024, through March 31, 2025. These issues triggered a cross-default under the company's Omega Master Lease, which in turn created an additional event of default under the Credit Agreement.
The new agreement provides a forbearance period during which lenders and the landlords under the Omega Master Lease will not exercise their rights and remedies, running until October 31, 2025, with a possible extension. During this period, PACS is prohibited from borrowing new loans under the Credit Agreement. The company must also comply with several new conditions, including maintaining a minimum liquidity of $100,000,000 and adhering to limitations on certain investments and acquisitions.
On August 14, 2025, Turtle Beach Corp. entered into a stock purchase agreement involving selling stockholder DC VGA LLC and third-party buyer TDG CP LLC, an entity affiliated with board member William Wyatt and known as Donerail. Per the agreement, Turtle Beach will purchase 694,926 of its own shares from DC VGA LLC for a total of $10,013,883.66. Concurrently, Donerail will acquire 693,962 shares from DC VGA LLC for a total of $9,999,992.42. Both transactions were executed at a price of $14.41 per share, which represents the 30-day volume-weighted average price. The filing also discloses that board member Dave Muscatel is affiliated with the seller, DC VGA LLC. The company's Audit Committee, comprised of independent directors unaffiliated with the transaction parties, approved the agreement, and the shares repurchased by Turtle Beach will be held as treasury stock. A press release announcing the agreement was issued on August 15, 2025.
Flexible Solutions International Inc. (FSI) has entered into a new food grade contract for its Illinois plant. This material agreement is estimated to generate annual revenue between $6.5 million and $13 million. The company will begin limited production immediately, with plans to scale up to the full revenue estimates as quickly as possible. Management stated that no additional equipment or capital improvements are required to start or reach full production capacity. FSI announced the contract in a press release issued on August 11, 2025.
On August 15, 2025, Empire Petroleum Corporation announced it received a unanimous and favorable ruling from the New Mexico Oil Conservation Commission. The ruling affirms the company's rights to advance its CO2 development initiatives and protect its EMSU assets. Empire Petroleum issued a press release with further details regarding the commission's decision, which was filed as an exhibit to the report.
On August 15, 2025, Biohaven Ltd. filed a prospectus supplement related to a secondary offering for the resale of 3,588,688 common shares by a selling shareholder. These shares were issued as consideration for the Knopp Amendment, which restructured the company's financial obligations tied to BHV-7000 and other pipeline programs acquired from Knopp Biosciences. Under the new terms, Biohaven replaced a scaled, high single-digit to low-teens royalty structure with a flat, mid-single digit royalty payment. The amendment also eliminated all commercial sales-based milestones, which were previously valued at up to $562.5 million. Additionally, developmental and regulatory milestones were significantly reduced from a potential $575 million down to a new maximum of $210 million for BHV-7000 and up to $60 million for other Kv7 pipeline programs. Biohaven Ltd. retains the right to satisfy these remaining milestone payments in either cash or common shares at its discretion.
On August 15, 2025, Coinbase Global, Inc. filed a prospectus supplement to register up to 10,997,856 shares of its Class A Common Stock for potential resale. This registration is a secondary offering on behalf of selling stockholders, not a new issuance of shares by the company for financing purposes. The action is intended to satisfy registration rights granted under a Share Purchase Agreement dated May 8, 2025. That agreement involved Coinbase, a company named Sentillia B.V., and the shareholders of Sentillia. As part of the filing process, Coinbase included a legal opinion from Fenwick & West LLP confirming the legality of the registered shares.
Realty Income Corp. has filed an update regarding its United States Federal Income Tax Considerations. The new disclosure, contained in Exhibit 99.1, supersedes and replaces the previous tax discussion found in the prospectus dated February 16, 2024. This prospectus is part of the company's existing Registration Statement on Form S-3 (File No. 333-277150), which facilitates potential future securities offerings. The updated tax considerations also retroactively apply to six prospectus supplements filed between February 2024 and June 2025. These actions serve to amend the governing tax disclosure for securities issued or to be issued under this shelf registration.
News Corp provided an update on its existing stock repurchase programs, under which it is authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock. This filing serves to furnish the SEC with disclosures the company is required to provide daily to the Australian Securities Exchange (ASX) regarding any transactions under the repurchase programs. The attached exhibits contain copies of the specific information recently provided to the ASX. News Corp also included a forward-looking statements disclaimer, noting that its stated intent to buyback shares is subject to change based on market conditions, applicable laws, and alternative investment opportunities.
On August 13, 2025, Solventum Corporation disclosed an underwriting agreement for a secondary offering involving its selling shareholder, 3M Company. The agreement was established with Goldman Sachs & Co. LLC and BofA Securities, Inc. acting as underwriters for the sale of 8,800,000 shares of Solventum's common stock held by 3M Company. The sale of these shares to the underwriters was executed on August 15, 2025. Solventum Corporation specified that it did not issue any new shares as part of this transaction. As a result, the company will not receive any proceeds from the sale. The pricing of the offering was announced in a press release issued on August 13, 2025.
MP Materials Corp. filed a prospectus supplement on August 15, 2025, to register the potential resale of up to 24,521,672 shares of its common stock. The shares are being registered for the United States Department of Defense, which is listed as the selling securityholder. These shares would become available upon the potential conversion of preferred stock and/or the exercise of a warrant previously issued to the Department of Defense as part of a prior financing transaction. The registration fulfills a requirement under a Registration Rights Agreement dated July 10, 2025. This action facilitates a potential secondary offering, and the company noted that it does not necessarily mean the securityholder will sell any shares. MP Materials will not receive any proceeds from any sales conducted by the selling securityholder pursuant to this filing.
Ondas Holdings Inc. announced the closing of its underwritten public offering on August 15, 2025, issuing a total of 53,084,000 shares of its common stock. This figure includes 6,924,000 shares sold after the underwriter exercised its over-allotment option in full. As a result of this financing event, the company's cash balance is now approximately $229 million. Following the offering, the total number of common stock shares outstanding increased to 274,499,489. The company issued a press release to announce the closing, which was filed as an exhibit.
Tonix Pharmaceuticals Holding Corp. announced on August 15, 2025, that the FDA has approved Tonmya for the treatment of fibromyalgia in adults, with commercial availability expected in the fourth quarter of 2025. The approval is based on positive clinical results from two Phase 3 trials encompassing an aggregate of 1,000 patients. In these studies, Tonmya met its primary endpoint by significantly reducing daily pain scores compared to placebo at 14 weeks. A higher percentage of patients receiving Tonmya also achieved a clinically meaningful pain improvement of at least 30% after three months versus the placebo group. Across three Phase 3 trials with over 1,400 patients, the drug was generally well tolerated, with the most common adverse events including oral hypoesthesia, oral discomfort, somnolence, and abnormal product taste. The filing also notes several contraindications, including for patients with certain cardiac conditions, hyperthyroidism, or those using MAO inhibitors. Tonix Pharmaceuticals will host a conference call on August 18, 2025, to discuss the approval.
On August 11, 2025, CVS Health Corp. entered into an underwriting agreement to issue and sell $4 billion in aggregate principal amount of new senior notes. The offering consists of four tranches: $750,000,000 of 5.000% Senior Notes due 2032, $1,500,000,000 of 5.450% Senior Notes due 2035, $1,250,000,000 of 6.200% Senior Notes due 2055, and $500,000,000 of 6.250% Senior Notes due 2065. The underwriters for the sale were represented by Barclays Capital Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The notes were issued on August 15, 2025, pursuant to the company's existing Senior Indenture from 2006. After deducting underwriting discounts and estimated expenses, CVS Health expects to receive net proceeds of approximately $3,958,207,500 from the sale. The filing included the underwriting agreement and forms of the new notes as exhibits.
On August 15, 2025, MetLife, Inc. announced the declaration of cash dividends on five separate series of its non-cumulative preferred stock. The company declared a quarterly dividend of $0.35263005 per share on its Series A floating rate preferred stock and a semi-annual dividend of $29.375 per share on its 5.875% Series D fixed-to-floating rate preferred stock. A quarterly dividend of $351.5625 per share, or $0.3515625 per depositary share, was also declared for its 5.625% Series E preferred stock. Additionally, a quarterly dividend of $296.875 per share, or $0.296875 per depositary share, was set for its 4.75% Series F preferred stock. Finally, MetLife declared a semi-annual dividend of $19.250 per share on its 3.850% Series G fixed rate reset preferred stock.
Keurig Dr Pepper Inc. announced a change in the trustee, paying agent, and registrar for its debt indentures. On August 15, 2025, the company appointed U.S. Bank Trust Company, N.A. to these roles, replacing Computershare Trust Company, N.A. This change was prompted by the resignation of Computershare from its positions. The appointment affects the company's indentures dated as of December 15, 2009, and May 25, 2018, including all supplemental indentures. The transition for the paying agent and registrar functions is expected to be effective on August 25, 2025.
Evergy, Inc. disclosed that its subsidiary, Evergy Metro, issued $400,000,000 in aggregate principal amount of its 5.125% Mortgage Bonds, Series 2025, which are due in 2035. The transaction was completed on August 15, 2025, under an Underwriting Agreement dated August 11, 2025. The representatives for the several underwriters included BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC. These bonds were registered under a previously filed shelf registration statement on Form S-3. In connection with the offering, the company entered into a Twenty-second Supplemental Indenture with UMB Bank, N.A. acting as trustee. The filing also included a legal opinion and consent from Heather A. Humphrey, Senior Vice President, General Counsel and Corporate Secretary.
NNN REIT, INC. (NNN) announced the pricing of a $450 million public offering of 5.250% senior unsecured notes due 2034. The company anticipates the offering will close on or about June 14, 2024, subject to customary closing conditions. Net proceeds are intended to repay outstanding borrowings under its $1.1 billion revolving credit facility and for general corporate purposes, which may include property acquisitions. Concurrently, NNN provided a business update, reporting portfolio occupancy of 99.5% as of May 31, 2024. The company also disclosed it has collected 99.8% of rent due for the second quarter to date. During the second quarter through May 31, NNN invested approximately $125 million in 25 new properties, which have a weighted average initial cash yield of 7.1% and a weighted average lease term of 18.5 years.
LCI Industries announced a definitive agreement to acquire Thule Group's RV products division, a major supplier of awnings, bike racks, and other accessories for recreational vehicles in Europe and North America. The all-cash transaction is valued at $850 million and is expected to be financed through a combination of cash on hand and borrowings under the company's existing credit facility. President and CEO Jason Demars noted the acquisition will significantly expand LCI's international footprint and aftermarket business. The deal is projected to add approximately $350 million in annual revenue to the company. The transaction is anticipated to close in the fourth quarter of 2025, subject to customary regulatory approvals. Management expects the acquisition to be accretive to earnings within the first full year following the close.
On August 12, 2025, Upexi, Inc. announced the establishment of a new Advisory Committee. The company stated the committee's purpose is to optimize performance, increase visibility, and unlock capital raising opportunities. Concurrent with the announcement, Upexi, Inc. appointed Arthur Hayes as the first member of this new advisory body. The information was disclosed in a press release attached as an exhibit to the filing.
Flexible Solutions International Inc (FSI) issued a press release on August 14, 2025, to announce its financial results for the second quarter which ended on June 30, 2025. The following day, on August 15, 2025, the company conducted a conference call to further discuss these results and provide other corporate information. The filing included the full press release as an exhibit. It also furnished the complete text of the conference call remarks delivered by Dan O’Brien.
On August 15, 2025, the Board of Directors of Finward Bancorp (FNWD) declared a quarterly cash dividend of $0.12 per share. The dividend is payable on September 12, 2025, to shareholders of record as of August 29, 2025. In its forward-looking statements, the company disclosed that its subsidiary, Peoples Bank, has entered into a memorandum of understanding with the Federal Deposit Insurance Corporation (FDIC) and the Indiana Department of Financial Institutions (DFI). A key term of this agreement is that the Bank must refrain from paying cash dividends without prior regulatory approval. Finward Bancorp listed the Bank's ability to demonstrate compliance with this memorandum to the satisfaction of the regulators as a material risk factor.