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8-KThe WireRoutine

Company Update

Filed Apr 23, 2024 · 2y ago · Accession 0001193125-24-105935

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 23, 2024     Kewaunee Scientific Corporation (Exact name of registrant as specified in its charter)       Delaware   0-5286   38-0715562 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   2700 West Front Street Statesville , North Carolina   28677 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: 704 - 873-7202     N/A (Former name or former address, if changed since last report.) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $2.50 par value   KEQU   NASDAQ Global Market Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 8.01 Other Events. Kewaunee Scientific Corporation (the “Company”) is announcing that it will terminate its pension plan effective April 30, 2024 and has transferred approximately $17.7 million of pension obligations through the purchase of group annuity contracts for all remaining liabilities under the pension plan. In connection with the transfer, the Company has contributed approximately $0.3 million in cash to the pension plan, which was intended to fully fund the Company’s remaining defined benefit pension liabilities. The pension benefits to which plan participants and their beneficiaries are entitled will not change as a result of the transaction. Plan participants separately will receive additional information regarding the foregoing.   Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.          (Registrant)  Kewaunee Scientific Corporation Date: April 23, 2024        /s/ Donald T. Gardner III        Donald T. Gardner III        Vice President, Finance and Chief Financial Officer
Filing details
Ticker
KEQU
CIK
55529
Form type
8-K
Filing date
Apr 23, 2024
Report date
Apr 23, 2024
Document
d816120d8k.htm
Size
137 KB