NN Inc redeems preferred shares for about $30.7M
Proceeds from a $53.1 million PIPE completed October 5 funded the redemption, which also ended the holder’s associated rights.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
On October 7, 2026, NN, Inc. redeemed all 18,400 remaining outstanding shares of its Series D Perpetual Preferred Stock for approximately $30.7 million in cash. NN said the redemption amount reflected a $5.0 million reduction under its August 5, 2026 Exchange Agreement with NHTV Nevada Holdings LP, the sole holder; the security’s stated value was $35.7 million.
The redemption was funded with proceeds from NN’s $53.1 million PIPE private placement, completed October 5, 2026. After the redemption, no Series D shares remained outstanding, and the holder’s associated rights—including its rights under the Board Observer Agreement—ended. CEO Harold Bevis said NN intends to refinance its Term Loan “at the right time” and provide updated guidance during its October 29, 2026 earnings call.
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Series D shares redeemed: 18,400 shares
Redemption price: Approximately $30.7 million
Exchange Agreement reduction: $5.0 million
+2 more
5 metrics
Series D shares redeemed
18,400 shares
Remaining outstanding shares redeemed October 7, 2026
Redemption price
Approximately $30.7 million
Aggregate cash amount for the final redemption
Exchange Agreement reduction
$5.0 million
Reduction reflected in the redemption amount
Security value
$35.7 million
Value stated in the press release before the redemption
PIPE private placement
$53.1 million
Completed October 5, 2026; proceeds funded the redemption
Key Terms
private investment in public equity (PIPE), Redemption Price, Certificate of Designation, Board Observer Agreement
4 terms
private investment in public equity (PIPE) financial
"proceeds raised from the Company's $53.1 million private investment in public equity (PIPE)"
A private investment in public equity (PIPE) is when a publicly traded company sells new shares or instruments that can become shares directly to a small group of private investors instead of through the open market. Think of it like a company taking a private loan from a few investors rather than holding a big public sale; it raises cash fast but can dilute existing owners and signal either financial need or strong backing by informed investors.
Redemption Price financial
"aggregate cash Redemption Price"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
Certificate of Designation regulatory
"Certificate of Designation of Series D Perpetual Preferred Stock"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
Board Observer Agreement regulatory
"rights under the Board Observer Agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What funded NNBR’s preferred stock redemption?
NN funded the approximately $30.7 million redemption with proceeds from its $53.1 million PIPE private placement, completed October 5, 2026. The redemption amount reflected a $5.0 million reduction under an August 5, 2026 Exchange Agreement with the holder.
What rights ended after NNBR redeemed its Series D Preferred Stock?
After the redemption, the holder’s rights associated with the Series D Preferred Stock ended, including its rights under the Board Observer Agreement between NN and the holder.
When will NNBR provide updated guidance?
NN said it will provide updated guidance during its next earnings call on October 29, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): October 7, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box 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. below): | |||||
| 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 class | Trading symbol | Name of each exchange on which registered | ||||||||||||
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 7.01 REGULATION FD DISCLOSURE
On October 8, 2026, NN, Inc. (the "Company") issued a press release announcing the Final Redemption (as defined below). A copy of the press release is furnished hereto as Exhibit 99.1.
Pursuant to the rules and regulations of the U.S. Securities and Exchange Commission, the information furnished pursuant to this Item 7.01 of this Current Report (including Exhibit 99.1) is deemed to have been furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any other filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
ITEM 8.01 OTHER EVENTS
On October 7, 2026, the Company redeemed all 18,400 remaining outstanding shares of its Series D Perpetual Preferred Stock, par value $0.01 per share (the "Series D Preferred Stock") (the "Final Redemption"), for an aggregate cash Redemption Price (as defined in the Certificate of Designation of Series D Perpetual Preferred Stock (the “Certificate of Designation”)) of approximately $30.7 million. That amount reflects the $5.0 million reduction provided under the Exchange Agreement between the Company and NHTV Nevada Holdings LP (the “Holder”), dated August 5, 2026. Immediately after the Final Redemption was completed, all of the Holder’s rights with respect to the Series D Preferred Stock ended. This includes the Holder's rights under the Board Observer Agreement, dated March 22, 2021, between the Company and the Holder. After the Final Redemption, no shares of Series D Preferred Stock remain outstanding.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |||||||
| 99.1 | Press Release, dated October 8, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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. | |||||
| Date: | October 8, 2026 | ||||
| NN, INC. | ||||||||
| By: | /s/ Christopher H. Bohnert | |||||||
| Name: | Christopher H. Bohnert | |||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||
NN, Inc. Eliminates all of its Preferred Stock
FOR IMMEDIATE RELEASE
CHARLOTTE, N.C., October 8, 2026 – NN, Inc. (“NN” or the “Company”) (NASDAQ: NNBR), a global leader in precision manufacturing, today announced that it had completed an important balance sheet transaction.
The Company has redeemed, paid off and eliminated all of its remaining 18,400 outstanding shares of its Series D Perpetual Preferred Stock, par value $0.01 per share (the “Preferred Stock") for approximately $30.7 million.
The redemption was funded with proceeds raised from the Company's $53.1 million private investment in public equity (PIPE) private placement completed on October 5, 2026. Additionally, the timing of this action enabled the Company to take advantage of a $5.0 million incentive provided under a prior agreement with the sole holder of the security. Thus, the $35.7 million value of the security was redeemed for $30.7 million.
This security has now been eliminated from NN’s balance sheet. No shares of the Preferred Stock remain outstanding. All of the holder’s rights associated with the Preferred Stock have also been eliminated. This completes an important stepping stone in the transformation of NN, its capital structure, and its business plan.
Harold Bevis, President and CEO of NN, commented, “NN has significantly deleveraged during 2026. We will use this newly created capital flexibility to accelerate our business plans. We also intend to refinance our Term Loan at the right time and further improve our capital structure. The Company will provide updated guidance during our next earnings call on October 29th, 2026."
About NN, Inc.
NN, Inc. (NASDAQ: NNBR) is an entrepreneurial manufacturing company specializing in manufacturing micron-tolerance precision metal componentry for high-growth end markets, especially Data Center, Electric Grid, Medical, Defense, and High-Value Vehicle systems. Founded in 1980, NN serves over 700 customers on 4 continents through its 2,700 person workforce operating out of 27 global plants. This footprint enables rapid innovation and globally scaled solutions. For more information, visit nninc.com.
Forward Looking Statements
This press release may contain forward-looking statements regarding our business, operations, and financial performance. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our most recently filed Form 10-K and our Form 10-Q for the period following that Form 10-K, including the risk factors described therein. We undertake no obligation to update any forward-looking statement, except as required by law. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements.
Investor Relations:
Joe Caminiti
NNBR@alpha-ir.com
312-445-2870