Crawford & Co 8-K, filed Nov 22, 2021
Crawford & Co (CRD-A)
About this 8-K
Crawford & Co filed this 8-K on November 22, 2021, reporting on events of November 18, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01 Other Events.
On November 18, 2021, Crawford & Company (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with D3 Family Fund, L.P., D3 Family Bulldog Fund and Haredale Limited, three funds managed and/or controlled by David Nierenberg (collectively, the “Sellers”). The Purchase Agreement is entered into pursuant to the Company’s board-authorized share repurchase program. Pursuant to the Purchase Agreement, the Company repurchased 508,133 shares from The D3 Family Fund, L.P., 1,027,860 shares from The D3 Family Bulldog Fund, L.P. and 52,690 shares from Haredale Limited for an aggregate of 1,586,683 shares of the Company’s Class B Common Stock, par value $1.00 per share. Pursuant to the Purchase Agreement, the Company paid a purchase price of $8.23 per share, for an aggregate purchase price of $13,058,401.09. Following the repurchase, as of November 22, 2021, the Company has an aggregate of 20,811,962 shares of its Class B Common Stock outstanding.
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SIGNATURES
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.
| CRAWFORD & COMPANY | |||
| By: | /s/ Tami E. Stevenson | ||
| Name: Tami E. Stevenson | |||
| Title: Senior Vice President, General Counsel and | |||
| Corporate Secretary | |||
Date: November 22, 2021
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