NN, Inc. (NASDAQ: NNBR) signs Legion letter agreement
Rhea-AI Filing Summary
NN, Inc. entered into a letter agreement with Legion Partners Asset Management, LLC and certain of its affiliates on July 29, 2026. This arrangement relates to a previously disclosed Cooperation Agreement dated January 16, 2026.
Under the new letter, the company agreed to accelerate vesting of 49,079 shares of restricted stock awarded to director Raymond T. White in connection with his board service, and the Legion parties irrevocably waived their replacement rights provided in Section 1(f) of the Cooperation Agreement.
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Accelerated restricted stock: 49,079 shares of restricted stock
1 metrics
Accelerated restricted stock
49,079 shares of restricted stock
Shares subject to accelerated vesting for director Raymond T. White under the July 29, 2026 letter agreement
Key Terms
Cooperation Agreement, restricted stock award, replacement rights
3 terms
Cooperation Agreement regulatory
"entered into a cooperation agreement, dated January 16, 2026 (the “Cooperation Agreement”)"
A cooperation agreement is a formal contract between two or more organizations that lays out who will do what, how resources and responsibility are shared, how benefits or costs are divided, and how disputes or exits are handled. Like two chefs agreeing on a shared recipe and kitchen duties, it matters to investors because it can create new revenue paths, shift costs or risks, affect who controls key assets or technologies, and change a company’s future growth prospects.
restricted stock award financial
"accelerate the vesting of 49,079 shares of restricted stock award to Raymond T. White"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
replacement rights regulatory
"Legion parties irrevocably waived their replacement rights pursuant to Section 1(f)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What new agreement did NN, Inc. (NNBR) enter into on July 29, 2026?
NN, Inc. entered into a letter agreement with Legion Partners Asset Management, LLC and certain affiliates on July 29, 2026. The agreement operates alongside a prior Cooperation Agreement dated January 16, 2026 and addresses vesting of restricted shares and Legion’s waiver of specific rights.
Who are the Legion Parties referenced in NNBR’s July 2026 disclosure?
The Legion Parties are Legion Partners Asset Management, LLC and certain of its affiliates. They are counterparties to NN, Inc. under a Cooperation Agreement dated January 16, 2026 and the subsequent July 29, 2026 letter agreement.
What rights did the Legion Parties waive in relation to NNBR?
The Legion Parties irrevocably waived their replacement rights under Section 1(f) of the January 16, 2026 Cooperation Agreement. This waiver is part of the July 29, 2026 letter agreement between NN, Inc. and the Legion Parties.
When was the original Cooperation Agreement between NNBR and the Legion Parties dated?
The Cooperation Agreement between NN, Inc. and the Legion Parties is dated January 16, 2026. The later July 29, 2026 letter agreement references this earlier Cooperation Agreement and modifies the parties’ arrangements regarding director equity and replacement rights.
Does the accelerated vesting for Raymond T. White relate to his role at NNBR?
Yes. The accelerated vesting covers restricted stock awarded to Raymond T. White in connection with his service as a director of NN, Inc. This link to his board role is explicitly stated in the July 29, 2026 letter agreement.
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 29, 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 1.01 – Entry into a Material Definitive Agreement
As previously disclosed, NN, Inc. (the “Company”) entered into a cooperation agreement, dated January 16, 2026 (the “Cooperation Agreement”), with Legion Partners Asset Management, LLC and certain of its affiliates (collectively, the “Legion Parties”). On July 29, 2026, the Company and the Legion Parties entered into a letter agreement pursuant to which the Company agreed to accelerate the vesting of 49,079 shares of restricted stock award to Raymond T. White in connection with his service as a director and the Legion parties irrevocably waived their replacement rights pursuant to Section 1(f) of the Cooperation Agreement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit No. | Description of Exhibit | |||||||
| 10.1 | Letter Agreement | |||||||
| 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: | July 31, 2026 | ||||
| NN, INC. | ||||||||
| By: | /s/ Christopher H. Bohnert | |||||||
| Name: | Christopher H. Bohnert | |||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||