STOCK TITAN

[8-K] Hillenbrand, Inc. Reports Material Event

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(Neutral)
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Form Type
8-K
Rhea-AI Filing Summary

ECD Automotive Design, Inc. (Nasdaq: ECDA) filed an 8-K summarising the outcomes of its 22-Jul-2025 annual meeting, where 53.46% of the 47.6 m outstanding shares were represented.

  • Reverse stock split authority: Shareholders authorised the board to effect one or more reverse splits of up to 1-for-200 any time before 31-Jul-2026 (25.13 m FOR; 302k AGAINST).
  • Nasdaq Rule 5635 share-issuance waiver: Approved issuance of shares tied to three June-2025 financing agreements in excess of the 19.99% cap and below the Nasdaq “Minimum Price” (25.02 m FOR; 410k AGAINST).
  • Equity Incentive Plan expansion: Reserve lifted from 2.5 m to 15 m shares (25.00 m FOR; 437k AGAINST).
  • Director election: Thomas Wood elected Class II director through the 2028 AGM (25.13 m FOR; 285k AGAINST).
  • Auditor ratification: Barton CPA PLLC retained for fiscal 2025 (25.36 m FOR; 44k AGAINST).

All proposals passed comfortably; no other material financial data or forward guidance was provided.

ECD Automotive Design, Inc. (Nasdaq: ECDA) ha depositato un modulo 8-K che riassume i risultati della sua assemblea annuale del 22 luglio 2025, alla quale erano rappresentate il 53,46% delle 47,6 milioni di azioni in circolazione.

  • Autorizzazione alla divisione azionaria inversa: Gli azionisti hanno autorizzato il consiglio a effettuare una o più divisioni inverse fino a 1 per 200 entro il 31 luglio 2026 (25,13 milioni a favore; 302 mila contrari).
  • Deroga alla regola Nasdaq 5635 per l’emissione di azioni: Approvata l’emissione di azioni relative a tre accordi di finanziamento di giugno 2025, anche oltre il limite del 19,99% e sotto il “Prezzo Minimo” di Nasdaq (25,02 milioni a favore; 410 mila contrari).
  • Espansione del Piano di Incentivazione Azionaria: La riserva è stata aumentata da 2,5 milioni a 15 milioni di azioni (25,00 milioni a favore; 437 mila contrari).
  • Elección del director: Thomas Wood è stato eletto direttore di Classe II fino all’assemblea generale del 2028 (25,13 milioni a favore; 285 mila contrari).
  • Ratifica del revisore: Barton CPA PLLC confermata per l’anno fiscale 2025 (25,36 milioni a favore; 44 mila contrari).

Tutte le proposte sono state approvate con ampio margine; non sono stati forniti altri dati finanziari rilevanti o indicazioni future.

ECD Automotive Design, Inc. (Nasdaq: ECDA) presentó un formulario 8-K que resume los resultados de su junta anual del 22 de julio de 2025, donde se representó el 53,46% de las 47,6 millones de acciones en circulación.

  • Autorización para división inversa de acciones: Los accionistas autorizaron a la junta a realizar una o más divisiones inversas de hasta 1 por 200 antes del 31 de julio de 2026 (25,13 millones a favor; 302 mil en contra).
  • Exención de la regla Nasdaq 5635 para emisión de acciones: Aprobada la emisión de acciones vinculadas a tres acuerdos de financiamiento de junio de 2025 que exceden el límite del 19,99% y están por debajo del “Precio Mínimo” de Nasdaq (25,02 millones a favor; 410 mil en contra).
  • Expansión del Plan de Incentivos de Capital: La reserva aumentó de 2,5 millones a 15 millones de acciones (25,00 millones a favor; 437 mil en contra).
  • Elección de director: Thomas Wood fue elegido director de Clase II hasta la junta anual de 2028 (25,13 millones a favor; 285 mil en contra).
  • Ratificación del auditor: Barton CPA PLLC fue retenido para el año fiscal 2025 (25,36 millones a favor; 44 mil en contra).

Todas las propuestas fueron aprobadas cómodamente; no se proporcionaron otros datos financieros importantes ni guía futura.

ECD Automotive Design, Inc. (나스닥: ECDA)는 2025년 7월 22일 연례 주주총회 결과를 요약한 8-K 보고서를 제출했으며, 총 4,760만 주 중 53.46%가 대표되었습니다.

  • 역주식 병합 권한: 주주들은 2026년 7월 31일 이전에 최대 1대 200 비율로 하나 이상의 역병합을 이사회가 시행할 수 있도록 승인했습니다 (찬성 2,513만 주; 반대 30.2만 주).
  • 나스닥 규칙 5635 주식 발행 면제: 2025년 6월 체결된 세 건의 자금 조달 계약에 따른 주식 발행을, 19.99% 한도를 초과하고 나스닥 '최소 가격' 이하로 승인했습니다 (찬성 2,502만 주; 반대 41만 주).
  • 주식 인센티브 계획 확대: 준비 주식 수를 250만 주에서 1,500만 주로 상향 조정했습니다 (찬성 2,500만 주; 반대 43.7만 주).
  • 이사 선임: 토마스 우드가 2028년 정기 주주총회까지 클래스 II 이사로 선출되었습니다 (찬성 2,513만 주; 반대 28.5만 주).
  • 감사인 승인: Barton CPA PLLC가 2025 회계연도 감사인으로 유지되었습니다 (찬성 2,536만 주; 반대 4.4만 주).

모든 안건이 무난히 통과되었으며, 기타 중요한 재무 정보나 향후 전망은 제공되지 않았습니다.

ECD Automotive Design, Inc. (Nasdaq : ECDA) a déposé un formulaire 8-K résumant les résultats de son assemblée annuelle du 22 juillet 2025, où 53,46 % des 47,6 millions d’actions en circulation étaient représentées.

  • Autorisation de regroupement d’actions inversé : Les actionnaires ont autorisé le conseil d’administration à effectuer un ou plusieurs regroupements inversés jusqu’à un ratio de 1 pour 200 avant le 31 juillet 2026 (25,13 millions POUR ; 302 000 CONTRE).
  • Dérogation à la règle Nasdaq 5635 sur l’émission d’actions : Approbation de l’émission d’actions liées à trois accords de financement de juin 2025, dépassant le plafond de 19,99 % et sous le « prix minimum » Nasdaq (25,02 millions POUR ; 410 000 CONTRE).
  • Extension du plan d’incitation en actions : Réserve portée de 2,5 millions à 15 millions d’actions (25,00 millions POUR ; 437 000 CONTRE).
  • Élection d’un administrateur : Thomas Wood élu administrateur de classe II jusqu’à l’assemblée générale de 2028 (25,13 millions POUR ; 285 000 CONTRE).
  • Ratification de l’auditeur : Barton CPA PLLC confirmé pour l’exercice 2025 (25,36 millions POUR ; 44 000 CONTRE).

Toutes les propositions ont été adoptées confortablement ; aucune autre donnée financière importante ni indication future n’a été communiquée.

ECD Automotive Design, Inc. (Nasdaq: ECDA) hat einen 8-K-Bericht eingereicht, der die Ergebnisse der Jahreshauptversammlung vom 22. Juli 2025 zusammenfasst, bei der 53,46 % der 47,6 Mio. ausstehenden Aktien vertreten waren.

  • Genehmigung einer Aktiensplits rückwärts: Die Aktionäre ermächtigten den Vorstand, bis zum 31. Juli 2026 eine oder mehrere Reverse Splits von bis zu 1:200 durchzuführen (25,13 Mio. dafür; 302.000 dagegen).
  • Verzicht auf Nasdaq-Regel 5635 für Aktienausgabe: Genehmigt wurde die Ausgabe von Aktien im Zusammenhang mit drei Finanzierungsvereinbarungen im Juni 2025, die den 19,99%-Grenzwert überschreiten und unter dem Nasdaq-“Mindestpreis” liegen (25,02 Mio. dafür; 410.000 dagegen).
  • Erweiterung des Aktienanreizplans: Die Reserve wurde von 2,5 Mio. auf 15 Mio. Aktien erhöht (25,00 Mio. dafür; 437.000 dagegen).
  • Direktorenwahl: Thomas Wood wurde als Direktor der Klasse II bis zur Hauptversammlung 2028 gewählt (25,13 Mio. dafür; 285.000 dagegen).
  • Bestätigung des Wirtschaftsprüfers: Barton CPA PLLC wurde für das Geschäftsjahr 2025 bestätigt (25,36 Mio. dafür; 44.000 dagegen).

Alle Vorschläge wurden mit deutlicher Mehrheit angenommen; weitere wesentliche Finanzdaten oder Prognosen wurden nicht veröffentlicht.

Positive
  • Capital-structure flexibility: Board now authorised to execute reverse split and raise equity beyond Nasdaq caps, improving odds of maintaining listing.
  • Strong shareholder support: Each proposal passed with >98% of votes cast (except split authority at 53%), indicating investor alignment.
  • Auditor continuity: Barton CPA PLLC ratified with 99.7% support, reducing audit-transition risk.
Negative
  • Potential dilution: Approval to issue >20% new shares and increase incentive pool to 15 m shares could materially dilute existing holders.
  • Reverse split signal: Authorization for a split up to 1:200 implies the share price may be at risk of breaching Nasdaq minimums.

Insights

TL;DR: All AGM proposals passed, providing financing flexibility but introducing dilution and signalling potential share-price weakness.

The meeting secured board authority for a reverse split of up to 1:200—typically used to regain Nasdaq price compliance—suggesting management anticipates continued share-price pressure. Shareholders also approved issuances above the 19.99% cap tied to recent financing agreements and expanded the equity incentive pool six-fold to 15 m shares; both moves are materially dilutive but give the company capital-raising latitude. Auditor ratification and director election are routine. Net impact is neutral: flexibility is positive, but dilution and split risk offset the benefit.

ECD Automotive Design, Inc. (Nasdaq: ECDA) ha depositato un modulo 8-K che riassume i risultati della sua assemblea annuale del 22 luglio 2025, alla quale erano rappresentate il 53,46% delle 47,6 milioni di azioni in circolazione.

  • Autorizzazione alla divisione azionaria inversa: Gli azionisti hanno autorizzato il consiglio a effettuare una o più divisioni inverse fino a 1 per 200 entro il 31 luglio 2026 (25,13 milioni a favore; 302 mila contrari).
  • Deroga alla regola Nasdaq 5635 per l’emissione di azioni: Approvata l’emissione di azioni relative a tre accordi di finanziamento di giugno 2025, anche oltre il limite del 19,99% e sotto il “Prezzo Minimo” di Nasdaq (25,02 milioni a favore; 410 mila contrari).
  • Espansione del Piano di Incentivazione Azionaria: La riserva è stata aumentata da 2,5 milioni a 15 milioni di azioni (25,00 milioni a favore; 437 mila contrari).
  • Elección del director: Thomas Wood è stato eletto direttore di Classe II fino all’assemblea generale del 2028 (25,13 milioni a favore; 285 mila contrari).
  • Ratifica del revisore: Barton CPA PLLC confermata per l’anno fiscale 2025 (25,36 milioni a favore; 44 mila contrari).

Tutte le proposte sono state approvate con ampio margine; non sono stati forniti altri dati finanziari rilevanti o indicazioni future.

ECD Automotive Design, Inc. (Nasdaq: ECDA) presentó un formulario 8-K que resume los resultados de su junta anual del 22 de julio de 2025, donde se representó el 53,46% de las 47,6 millones de acciones en circulación.

  • Autorización para división inversa de acciones: Los accionistas autorizaron a la junta a realizar una o más divisiones inversas de hasta 1 por 200 antes del 31 de julio de 2026 (25,13 millones a favor; 302 mil en contra).
  • Exención de la regla Nasdaq 5635 para emisión de acciones: Aprobada la emisión de acciones vinculadas a tres acuerdos de financiamiento de junio de 2025 que exceden el límite del 19,99% y están por debajo del “Precio Mínimo” de Nasdaq (25,02 millones a favor; 410 mil en contra).
  • Expansión del Plan de Incentivos de Capital: La reserva aumentó de 2,5 millones a 15 millones de acciones (25,00 millones a favor; 437 mil en contra).
  • Elección de director: Thomas Wood fue elegido director de Clase II hasta la junta anual de 2028 (25,13 millones a favor; 285 mil en contra).
  • Ratificación del auditor: Barton CPA PLLC fue retenido para el año fiscal 2025 (25,36 millones a favor; 44 mil en contra).

Todas las propuestas fueron aprobadas cómodamente; no se proporcionaron otros datos financieros importantes ni guía futura.

ECD Automotive Design, Inc. (나스닥: ECDA)는 2025년 7월 22일 연례 주주총회 결과를 요약한 8-K 보고서를 제출했으며, 총 4,760만 주 중 53.46%가 대표되었습니다.

  • 역주식 병합 권한: 주주들은 2026년 7월 31일 이전에 최대 1대 200 비율로 하나 이상의 역병합을 이사회가 시행할 수 있도록 승인했습니다 (찬성 2,513만 주; 반대 30.2만 주).
  • 나스닥 규칙 5635 주식 발행 면제: 2025년 6월 체결된 세 건의 자금 조달 계약에 따른 주식 발행을, 19.99% 한도를 초과하고 나스닥 '최소 가격' 이하로 승인했습니다 (찬성 2,502만 주; 반대 41만 주).
  • 주식 인센티브 계획 확대: 준비 주식 수를 250만 주에서 1,500만 주로 상향 조정했습니다 (찬성 2,500만 주; 반대 43.7만 주).
  • 이사 선임: 토마스 우드가 2028년 정기 주주총회까지 클래스 II 이사로 선출되었습니다 (찬성 2,513만 주; 반대 28.5만 주).
  • 감사인 승인: Barton CPA PLLC가 2025 회계연도 감사인으로 유지되었습니다 (찬성 2,536만 주; 반대 4.4만 주).

모든 안건이 무난히 통과되었으며, 기타 중요한 재무 정보나 향후 전망은 제공되지 않았습니다.

ECD Automotive Design, Inc. (Nasdaq : ECDA) a déposé un formulaire 8-K résumant les résultats de son assemblée annuelle du 22 juillet 2025, où 53,46 % des 47,6 millions d’actions en circulation étaient représentées.

  • Autorisation de regroupement d’actions inversé : Les actionnaires ont autorisé le conseil d’administration à effectuer un ou plusieurs regroupements inversés jusqu’à un ratio de 1 pour 200 avant le 31 juillet 2026 (25,13 millions POUR ; 302 000 CONTRE).
  • Dérogation à la règle Nasdaq 5635 sur l’émission d’actions : Approbation de l’émission d’actions liées à trois accords de financement de juin 2025, dépassant le plafond de 19,99 % et sous le « prix minimum » Nasdaq (25,02 millions POUR ; 410 000 CONTRE).
  • Extension du plan d’incitation en actions : Réserve portée de 2,5 millions à 15 millions d’actions (25,00 millions POUR ; 437 000 CONTRE).
  • Élection d’un administrateur : Thomas Wood élu administrateur de classe II jusqu’à l’assemblée générale de 2028 (25,13 millions POUR ; 285 000 CONTRE).
  • Ratification de l’auditeur : Barton CPA PLLC confirmé pour l’exercice 2025 (25,36 millions POUR ; 44 000 CONTRE).

Toutes les propositions ont été adoptées confortablement ; aucune autre donnée financière importante ni indication future n’a été communiquée.

ECD Automotive Design, Inc. (Nasdaq: ECDA) hat einen 8-K-Bericht eingereicht, der die Ergebnisse der Jahreshauptversammlung vom 22. Juli 2025 zusammenfasst, bei der 53,46 % der 47,6 Mio. ausstehenden Aktien vertreten waren.

  • Genehmigung einer Aktiensplits rückwärts: Die Aktionäre ermächtigten den Vorstand, bis zum 31. Juli 2026 eine oder mehrere Reverse Splits von bis zu 1:200 durchzuführen (25,13 Mio. dafür; 302.000 dagegen).
  • Verzicht auf Nasdaq-Regel 5635 für Aktienausgabe: Genehmigt wurde die Ausgabe von Aktien im Zusammenhang mit drei Finanzierungsvereinbarungen im Juni 2025, die den 19,99%-Grenzwert überschreiten und unter dem Nasdaq-“Mindestpreis” liegen (25,02 Mio. dafür; 410.000 dagegen).
  • Erweiterung des Aktienanreizplans: Die Reserve wurde von 2,5 Mio. auf 15 Mio. Aktien erhöht (25,00 Mio. dafür; 437.000 dagegen).
  • Direktorenwahl: Thomas Wood wurde als Direktor der Klasse II bis zur Hauptversammlung 2028 gewählt (25,13 Mio. dafür; 285.000 dagegen).
  • Bestätigung des Wirtschaftsprüfers: Barton CPA PLLC wurde für das Geschäftsjahr 2025 bestätigt (25,36 Mio. dafür; 44.000 dagegen).

Alle Vorschläge wurden mit deutlicher Mehrheit angenommen; weitere wesentliche Finanzdaten oder Prognosen wurden nicht veröffentlicht.

0001417398false00014173982025-07-092025-07-09

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): July 17, 2025
 
HILLENBRAND, INC.
(Exact name of registrant as specified in its charter)
 
Indiana 1-33794 26-1342272
(State or other jurisdiction of incorporation) (Commission
File Number)
 (IRS Employer
Identification No.)
 
One Batesville Boulevard  
Batesville,Indiana 47006
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code:   (812) 931-5000
 
Not Applicable
(Former name or former address, if changed since last report)
 
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 (see General Instruction A.2. of Form 8-K):
 
  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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, without par valueHINew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. o   




Item 1.01. Entry into a Material Definitive Agreement.

On July 17, 2025 (the “Effective Date”), Hillenbrand, Inc. (the “Company”) completed an amendment (the “L/G Facility Amendment”) to its €325,000,000 Syndicated L/G Facility Agreement, dated as of June 21, 2022 (as amended or modified prior to the Effective Date, the “Existing L/G Facility Agreement,” and the Existing L/G Facility Agreement as amended by the L/G Facility Amendment, the “Amended L/G Facility Agreement”), among the Company, the subsidiary borrowers party thereto, the subsidiary guarantors party thereto, Commerzbank Aktiengesellschaft, as coordinator, mandated lead arranger and bookrunner, the other financial institutions party thereto as mandated lead arrangers, lenders and issuing banks and Commerzbank Aktiengesellschaft, as agent (the “Agent”). The L/G Facility Amendment is documented in the form of a consent and amendment request that was executed by the Company and delivered to the Agent on July 4, 2025, and countersigned by the Agent on the Effective Date.

The L/G Facility Amendment amends the Existing L/G Facility Agreement by, among other things, increasing the maximum permitted Leverage Ratio under the Amended L/G Facility Agreement as of the last day of each of its fiscal quarters to be: (i) 4.25x for the fiscal quarters ending June 30, 2025, through and including June 30, 2026; (ii) 4.00x for the fiscal quarter ending September 30, 2026; (iii) 3.75x for the fiscal quarter ending December 31, 2026; and (iv) 3.50x for the fiscal quarter ending March 31, 2027, and each fiscal quarter thereafter.

Certain of the lenders, arrangers and agents under the Amended L/G Facility Agreement and their respective affiliates have engaged in, and may in the future engage in, investment banking, commercial lending, financial advisory and other services for the Company and its subsidiaries and have received, or may in the future receive, customary fees and commissions or other payments in connection therewith.

The foregoing description of the L/G Facility Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the L/G Facility Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8‑K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description
10.1
Consent and Amendment Request, dated July 4, 2025, among Hillenbrand, Inc., the subsidiary borrowers party thereto and the subsidiary guarantors party thereto and confirmed by Commerzbank Aktiengesellschaft, as agent, on July 17, 2025*
104Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)
*Certain schedules and exhibits to this exhibit have been omitted pursuant to Item 601(a)(5). The registrant hereby agrees to furnish a copy of any omitted schedule or exhibit to the SEC upon request.
2



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.
 
 HILLENBRAND, INC.
Date: July 22, 2025  
 BY:
/s/ Megan Walke
  Megan Walke
  Vice President, Corporate Controller, Chief Accounting
Officer and Interim Chief Financial Officer


3

FAQ

What reverse stock split ratio did ECDA shareholders approve?

They authorised up to a 1-for-200 reverse split, executable any time before 31 Jul 2026 at the board’s discretion.

How many new shares can ECD Automotive Design issue under the June 2025 financing agreements?

Shareholders waived the 19.99% Nasdaq cap, allowing all shares required by the June 5 & 20, 2025 agreements to be issued, even below the “Minimum Price.”

How big is the increase to ECDA’s Equity Incentive Plan?

The reserve rises from 2.5 million to 15 million common shares.

Was the company’s auditor changed for 2025?

No. Barton CPA PLLC was ratified with 99.71% of votes cast.

Who was elected to ECDA’s board at the 2025 AGM?

Thomas Wood was elected as a Class II director through the 2028 annual meeting.
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