REV Group shareholders approve Terex merger deal
REV Group, Inc. held a special stockholder meeting on January 28, 2026 to vote on proposals related to its previously announced merger with Terex Corporation.
Rhea-AI Filing Summary
REV Group, Inc. held a special stockholder meeting on January 28, 2026 to vote on proposals related to its previously announced merger with Terex Corporation. The transaction will occur through a two-step merger structure that ultimately makes REV a wholly owned subsidiary of Terex.
There were 48,806,145 shares of REV common stock outstanding as of the December 16, 2025 record date, and 39,542,767 shares were present or represented by proxy, representing about 81% of the voting power, so a quorum was achieved.
Stockholders adopted the Merger Agreement and approved the first-step merger, with 39,510,557 votes for, 18,981 against, and 13,229 abstentions. They also approved, on an advisory basis, transaction-related compensation for named executive officers and an adjournment proposal. As a result of the mergers, REV will no longer be publicly held, and its securities will be delisted from the New York Stock Exchange and deregistered under the Exchange Act.
Positive
- None.
Negative
- None.
Insights
REV shareholders approved a Terex acquisition that will take the company private and remove its NYSE listing.
The key outcome is stockholder adoption of the Merger Agreement with Terex Corporation, enabling a two-step merger where REV first merges with a Terex subsidiary and then into a second Terex subsidiary. This structure leaves the surviving entity as a direct, wholly owned Terex subsidiary.
Support for the deal was overwhelming: 39,510,557 votes for the merger versus 18,981 against, out of 39,542,767 shares present or represented by proxy. That represents strong backing among holders participating in the meeting and clears a major closing condition tied to stockholder approval.
Once the mergers are completed, REV will no longer be publicly held, its common stock will be delisted from the New York Stock Exchange, and registration under the Exchange Act will be terminated. For investors, this effectively ends public-market ownership of REV, with future value exposure shifting to Terex as the parent company, according to the agreed transaction terms described in prior proxy materials.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did REV Group (REVG) stockholders approve at the special meeting?
What percentage of REV Group (REVG) voting power was represented at the meeting?
Will REV Group (REVG) remain listed on the New York Stock Exchange after the merger?
What happened to the advisory compensation vote for REV Group executives?
Was the proposal to adjourn the REV Group special meeting used?
AI-generated analysis. How Rhea-AI works. Not financial advice.