[8-K] W.P. Carey Inc. (REIT) Reports Material Event
Radius Recycling, Inc. has filed Post-Effective Amendment No. 1 to four previously effective Form S-8 registration statements after its July 10 2025 merger with Toyota Tsusho America, Inc. (TAI). The filing formally terminates the Company’s ability to issue equity under two employee incentive plans and deregisters any unsold shares that had been registered for those plans.
- The merger, effected through TAI Merger Corporation, makes Radius Recycling a wholly owned subsidiary of TAI.
- The Company is no longer issuing securities under the Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan or the Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Four registration statements are affected: Reg. Nos. 333-21895 (825,000 shares), 333-100511 (1,200,000 shares), 333-160996 (5,000,000 shares) and 333-276768 (3,000,000 shares), totaling 10.025 million Class A common shares.
- The amendment is filed pursuant to the undertaking in each registration statement to remove from registration any securities that remain unsold when the related offering terminates.
- Signature is provided by James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer and Secretary.
The document contains no financial statements or earnings data; it is an administrative step confirming completion of the merger and elimination of future equity issuances under the referenced plans.
Radius Recycling, Inc. ha presentato la Post-Effective Amendment No. 1 a quattro precedenti dichiarazioni di registrazione Form S-8 già efficaci, a seguito della fusione del 10 luglio 2025 con Toyota Tsusho America, Inc. (TAI). La presentazione formalizza la cessazione della capacità della Società di emettere azioni nell’ambito di due piani di incentivazione per i dipendenti e deregistra eventuali azioni non vendute precedentemente registrate per tali piani.
- La fusione, realizzata tramite TAI Merger Corporation, rende Radius Recycling una controllata interamente posseduta da TAI.
- La Società non emette più titoli ai sensi del Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan né del Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Quattro dichiarazioni di registrazione sono interessate: Reg. Nos. 333-21895 (825.000 azioni), 333-100511 (1.200.000 azioni), 333-160996 (5.000.000 azioni) e 333-276768 (3.000.000 azioni), per un totale di 10,025 milioni di azioni ordinarie di Classe A.
- L’emendamento è stato presentato in conformità all’impegno previsto in ciascuna dichiarazione di registrazione di rimuovere dalla registrazione eventuali titoli non venduti alla conclusione dell’offerta correlata.
- La firma è apposta da James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer e Secretary.
Il documento non contiene dati finanziari né risultati economici; si tratta di una procedura amministrativa che conferma il completamento della fusione e l’eliminazione di future emissioni di azioni previste dai piani citati.
Radius Recycling, Inc. ha presentado la Enmienda Post-Efectiva No. 1 a cuatro declaraciones de registro Form S-8 previamente efectivas, tras su fusión del 10 de julio de 2025 con Toyota Tsusho America, Inc. (TAI). La presentación formaliza la terminación de la capacidad de la Compañía para emitir acciones bajo dos planes de incentivos para empleados y cancelar el registro de cualquier acción no vendida que se había registrado para dichos planes.
- La fusión, realizada a través de TAI Merger Corporation, convierte a Radius Recycling en una subsidiaria de propiedad total de TAI.
- La Compañía ya no emite valores bajo el Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan ni bajo el Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Cuatro declaraciones de registro se ven afectadas: Reg. Nos. 333-21895 (825,000 acciones), 333-100511 (1,200,000 acciones), 333-160996 (5,000,000 acciones) y 333-276768 (3,000,000 acciones), sumando un total de 10.025 millones de acciones ordinarias Clase A.
- La enmienda se presenta conforme al compromiso en cada declaración de registro de retirar de la inscripción cualquier valor que permanezca sin vender al concluir la oferta relacionada.
- La firma corresponde a James Matthew Vaughn, Vicepresidente Senior, Asesor General, Oficial Principal de Cumplimiento y Secretario.
El documento no contiene estados financieros ni datos de ganancias; es un paso administrativo que confirma la finalización de la fusión y la eliminación de futuras emisiones de acciones bajo los planes mencionados.
Radius Recycling, Inc.는 2025년 7월 10일 Toyota Tsusho America, Inc. (TAI)와의 합병 이후 네 건의 기존 유효한 Form S-8 등록신고서에 대해 제1차 사후효력 수정안(Post-Effective Amendment No. 1)을 제출했습니다. 이번 제출은 회사가 두 가지 직원 인센티브 계획에 따라 주식을 발행할 수 있는 권한을 공식적으로 종료하고, 해당 계획에 등록되었으나 판매되지 않은 주식을 등록 해지하는 조치입니다.
- TAI Merger Corporation을 통한 합병으로 Radius Recycling은 TAI의 100% 자회사로 편입되었습니다.
- 회사는 더 이상 Schnitzer Steel Industries, Inc. 1993 주식 인센티브 계획 또는 Radius Recycling, Inc. 2024 종합 인센티브 계획에 따라 증권을 발행하지 않습니다.
- 영향을 받는 네 건의 등록신고서는 다음과 같습니다: 등록번호 333-21895 (825,000주), 333-100511 (1,200,000주), 333-160996 (5,000,000주), 333-276768 (3,000,000주), 총 1,002만 5천 주의 클래스 A 보통주입니다.
- 이 수정안은 각 등록신고서에 명시된 약속에 따라 관련 공모가 종료될 때 미판매 증권을 등록에서 제거하기 위해 제출되었습니다.
- 서명자는 James Matthew Vaughn 선임 부사장, 법률 고문, 최고 준법감시인 및 비서입니다.
이 문서는 재무제표나 수익 데이터가 포함되어 있지 않으며, 합병 완료와 해당 계획에 따른 향후 주식 발행 중단을 확인하는 행정적 절차입니다.
Radius Recycling, Inc. a déposé l’Amendement Post-Effectif n°1 à quatre déclarations d’enregistrement Form S-8 précédemment effectives, suite à sa fusion du 10 juillet 2025 avec Toyota Tsusho America, Inc. (TAI). Ce dépôt met officiellement fin à la capacité de la Société d’émettre des actions dans le cadre de deux plans d’incitation pour employés et déréférence toutes les actions invendues qui avaient été enregistrées pour ces plans.
- La fusion, réalisée via TAI Merger Corporation, fait de Radius Recycling une filiale à 100 % de TAI.
- La Société n’émet plus de titres en vertu du Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan ni du Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Quatre déclarations d’enregistrement sont concernées : numéros Reg. 333-21895 (825 000 actions), 333-100511 (1 200 000 actions), 333-160996 (5 000 000 actions) et 333-276768 (3 000 000 actions), totalisant 10,025 millions d’actions ordinaires de Classe A.
- L’amendement est déposé conformément à l’engagement pris dans chaque déclaration d’enregistrement de retirer de l’enregistrement les titres invendus à la fin de l’offre correspondante.
- La signature est celle de James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer et Secretary.
Le document ne contient aucun état financier ni donnée de résultats ; il s’agit d’une démarche administrative confirmant la finalisation de la fusion et la suppression des émissions futures d’actions sous les plans mentionnés.
Radius Recycling, Inc. hat die Post-Effective Amendment Nr. 1 zu vier zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht, nachdem die Fusion mit Toyota Tsusho America, Inc. (TAI) am 10. Juli 2025 vollzogen wurde. Die Einreichung beendet formell die Möglichkeit des Unternehmens, Aktien im Rahmen von zwei Mitarbeiteranreizplänen auszugeben, und streicht alle nicht verkauften, für diese Pläne registrierten Aktien.
- Die Fusion, durchgeführt über die TAI Merger Corporation, macht Radius Recycling zu einer hundertprozentigen Tochtergesellschaft von TAI.
- Das Unternehmen gibt keine Wertpapiere mehr unter dem Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan oder dem Radius Recycling, Inc. 2024 Omnibus Incentive Plan aus.
- Betroffen sind vier Registrierungserklärungen: Reg.-Nrn. 333-21895 (825.000 Aktien), 333-100511 (1.200.000 Aktien), 333-160996 (5.000.000 Aktien) und 333-276768 (3.000.000 Aktien), insgesamt 10,025 Millionen Class A Stammaktien.
- Die Änderung wird gemäß der Verpflichtung in jeder Registrierungserklärung eingereicht, nicht verkaufte Wertpapiere bei Beendigung des jeweiligen Angebots aus der Registrierung zu entfernen.
- Die Unterschrift stammt von James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer und Secretary.
Das Dokument enthält keine Finanzberichte oder Gewinnzahlen; es handelt sich um einen administrativen Schritt zur Bestätigung des Abschlusses der Fusion und der Einstellung zukünftiger Aktienausgaben im Rahmen der genannten Pläne.
- None.
- None.
Insights
TL;DR – Administrative deregistration of ~10 M unissued shares post-merger; neutral market impact.
The filing simply removes unsold shares from four historic S-8 registrations because Radius Recycling is now a wholly owned subsidiary of Toyota Tsusho America. No new capital is being raised, and public float is already eliminated via the merger. Consequently, there is no earnings, cash-flow or valuation effect for former public shareholders, who have already received merger consideration. The amendment satisfies SEC undertakings and cleans up the Company’s registration ledger; it is routine and non-impactful for capital-market analysis.
TL;DR – Filing fulfills governance obligation to close equity plans after change-of-control.
Post-closing integration requires formal termination of employee equity programs tied to the pre-merger public entity. By deregistering the remaining securities, Radius Recycling aligns with Rule 415 and removes potential overhang. The action also protects the acquirer from inadvertent issuer liabilities under the Securities Act. No governance red flags appear, and all required signatures are present, relying appropriately on Rule 478 to forego additional signatories.
Radius Recycling, Inc. ha presentato la Post-Effective Amendment No. 1 a quattro precedenti dichiarazioni di registrazione Form S-8 già efficaci, a seguito della fusione del 10 luglio 2025 con Toyota Tsusho America, Inc. (TAI). La presentazione formalizza la cessazione della capacità della Società di emettere azioni nell’ambito di due piani di incentivazione per i dipendenti e deregistra eventuali azioni non vendute precedentemente registrate per tali piani.
- La fusione, realizzata tramite TAI Merger Corporation, rende Radius Recycling una controllata interamente posseduta da TAI.
- La Società non emette più titoli ai sensi del Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan né del Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Quattro dichiarazioni di registrazione sono interessate: Reg. Nos. 333-21895 (825.000 azioni), 333-100511 (1.200.000 azioni), 333-160996 (5.000.000 azioni) e 333-276768 (3.000.000 azioni), per un totale di 10,025 milioni di azioni ordinarie di Classe A.
- L’emendamento è stato presentato in conformità all’impegno previsto in ciascuna dichiarazione di registrazione di rimuovere dalla registrazione eventuali titoli non venduti alla conclusione dell’offerta correlata.
- La firma è apposta da James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer e Secretary.
Il documento non contiene dati finanziari né risultati economici; si tratta di una procedura amministrativa che conferma il completamento della fusione e l’eliminazione di future emissioni di azioni previste dai piani citati.
Radius Recycling, Inc. ha presentado la Enmienda Post-Efectiva No. 1 a cuatro declaraciones de registro Form S-8 previamente efectivas, tras su fusión del 10 de julio de 2025 con Toyota Tsusho America, Inc. (TAI). La presentación formaliza la terminación de la capacidad de la Compañía para emitir acciones bajo dos planes de incentivos para empleados y cancelar el registro de cualquier acción no vendida que se había registrado para dichos planes.
- La fusión, realizada a través de TAI Merger Corporation, convierte a Radius Recycling en una subsidiaria de propiedad total de TAI.
- La Compañía ya no emite valores bajo el Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan ni bajo el Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Cuatro declaraciones de registro se ven afectadas: Reg. Nos. 333-21895 (825,000 acciones), 333-100511 (1,200,000 acciones), 333-160996 (5,000,000 acciones) y 333-276768 (3,000,000 acciones), sumando un total de 10.025 millones de acciones ordinarias Clase A.
- La enmienda se presenta conforme al compromiso en cada declaración de registro de retirar de la inscripción cualquier valor que permanezca sin vender al concluir la oferta relacionada.
- La firma corresponde a James Matthew Vaughn, Vicepresidente Senior, Asesor General, Oficial Principal de Cumplimiento y Secretario.
El documento no contiene estados financieros ni datos de ganancias; es un paso administrativo que confirma la finalización de la fusión y la eliminación de futuras emisiones de acciones bajo los planes mencionados.
Radius Recycling, Inc.는 2025년 7월 10일 Toyota Tsusho America, Inc. (TAI)와의 합병 이후 네 건의 기존 유효한 Form S-8 등록신고서에 대해 제1차 사후효력 수정안(Post-Effective Amendment No. 1)을 제출했습니다. 이번 제출은 회사가 두 가지 직원 인센티브 계획에 따라 주식을 발행할 수 있는 권한을 공식적으로 종료하고, 해당 계획에 등록되었으나 판매되지 않은 주식을 등록 해지하는 조치입니다.
- TAI Merger Corporation을 통한 합병으로 Radius Recycling은 TAI의 100% 자회사로 편입되었습니다.
- 회사는 더 이상 Schnitzer Steel Industries, Inc. 1993 주식 인센티브 계획 또는 Radius Recycling, Inc. 2024 종합 인센티브 계획에 따라 증권을 발행하지 않습니다.
- 영향을 받는 네 건의 등록신고서는 다음과 같습니다: 등록번호 333-21895 (825,000주), 333-100511 (1,200,000주), 333-160996 (5,000,000주), 333-276768 (3,000,000주), 총 1,002만 5천 주의 클래스 A 보통주입니다.
- 이 수정안은 각 등록신고서에 명시된 약속에 따라 관련 공모가 종료될 때 미판매 증권을 등록에서 제거하기 위해 제출되었습니다.
- 서명자는 James Matthew Vaughn 선임 부사장, 법률 고문, 최고 준법감시인 및 비서입니다.
이 문서는 재무제표나 수익 데이터가 포함되어 있지 않으며, 합병 완료와 해당 계획에 따른 향후 주식 발행 중단을 확인하는 행정적 절차입니다.
Radius Recycling, Inc. a déposé l’Amendement Post-Effectif n°1 à quatre déclarations d’enregistrement Form S-8 précédemment effectives, suite à sa fusion du 10 juillet 2025 avec Toyota Tsusho America, Inc. (TAI). Ce dépôt met officiellement fin à la capacité de la Société d’émettre des actions dans le cadre de deux plans d’incitation pour employés et déréférence toutes les actions invendues qui avaient été enregistrées pour ces plans.
- La fusion, réalisée via TAI Merger Corporation, fait de Radius Recycling une filiale à 100 % de TAI.
- La Société n’émet plus de titres en vertu du Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan ni du Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Quatre déclarations d’enregistrement sont concernées : numéros Reg. 333-21895 (825 000 actions), 333-100511 (1 200 000 actions), 333-160996 (5 000 000 actions) et 333-276768 (3 000 000 actions), totalisant 10,025 millions d’actions ordinaires de Classe A.
- L’amendement est déposé conformément à l’engagement pris dans chaque déclaration d’enregistrement de retirer de l’enregistrement les titres invendus à la fin de l’offre correspondante.
- La signature est celle de James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer et Secretary.
Le document ne contient aucun état financier ni donnée de résultats ; il s’agit d’une démarche administrative confirmant la finalisation de la fusion et la suppression des émissions futures d’actions sous les plans mentionnés.
Radius Recycling, Inc. hat die Post-Effective Amendment Nr. 1 zu vier zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht, nachdem die Fusion mit Toyota Tsusho America, Inc. (TAI) am 10. Juli 2025 vollzogen wurde. Die Einreichung beendet formell die Möglichkeit des Unternehmens, Aktien im Rahmen von zwei Mitarbeiteranreizplänen auszugeben, und streicht alle nicht verkauften, für diese Pläne registrierten Aktien.
- Die Fusion, durchgeführt über die TAI Merger Corporation, macht Radius Recycling zu einer hundertprozentigen Tochtergesellschaft von TAI.
- Das Unternehmen gibt keine Wertpapiere mehr unter dem Schnitzer Steel Industries, Inc. 1993 Stock Incentive Plan oder dem Radius Recycling, Inc. 2024 Omnibus Incentive Plan aus.
- Betroffen sind vier Registrierungserklärungen: Reg.-Nrn. 333-21895 (825.000 Aktien), 333-100511 (1.200.000 Aktien), 333-160996 (5.000.000 Aktien) und 333-276768 (3.000.000 Aktien), insgesamt 10,025 Millionen Class A Stammaktien.
- Die Änderung wird gemäß der Verpflichtung in jeder Registrierungserklärung eingereicht, nicht verkaufte Wertpapiere bei Beendigung des jeweiligen Angebots aus der Registrierung zu entfernen.
- Die Unterschrift stammt von James Matthew Vaughn, Senior Vice President, General Counsel, Chief Compliance Officer und Secretary.
Das Dokument enthält keine Finanzberichte oder Gewinnzahlen; es handelt sich um einen administrativen Schritt zur Bestätigung des Abschlusses der Fusion und der Einstellung zukünftiger Aktienausgaben im Rahmen der genannten Pläne.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS 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 below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| 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(s) | 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.
On July 10, 2025, W. P. Carey Inc. (the “Company”) consummated the public offering (the “Offering”) of $400 million aggregate principal amount of 4.650% Senior Notes due 2030 (the “Senior Notes”). The Offering settled on July 10, 2025 and was made pursuant to (i) the Company’s automatic shelf registration statement on Form S-3ASR (File No. 333-286885), filed with the Securities and Exchange Commission on May 1, 2025; and (ii) a final prospectus supplement relating to the Senior Notes, dated as of July 7, 2025. The Company intends to use the net proceeds from this Offering to repay certain indebtedness, including a portion of amounts outstanding under its $2.0 billion unsecured revolving credit facility and for other general corporate purposes.
The terms of the Senior Notes are governed by an indenture, dated as of March 14, 2014 (the “Base Indenture”), by and between the Company, as issuer, and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the Twelfth Supplemental Indenture dated as of July 10, 2025 (the “Twelfth Supplemental Indenture” and together with the Base Indenture, the “Indenture”), by and between the Company and the Trustee.
The Senior Notes bear interest at 4.650% per annum, accruing from July 10, 2025. Interest on the Senior Notes is payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2026. The Senior Notes will mature on July 15, 2030. The Senior Notes are the Company’s direct, unsecured and unsubordinated obligations and will rank equally in right of payment with all of the Company’s existing and future unsecured and unsubordinated indebtedness.
The Company may redeem the Senior Notes at any time in whole, or from time to time in part, at the make-whole redemption price specified in the Twelfth Supplemental Indenture. If the Senior Notes are redeemed on or after June 15, 2030 (one month prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.
The Indenture contains covenants that, among other things, require the Company, subject to exceptions, to maintain a specified ratio of unencumbered assets to unsecured debt and limit the Company’s ability to incur secured and unsecured indebtedness. The Indenture also limits the Company’s ability to consummate a merger, consolidation or sale of all or substantially all of its assets, subject to exceptions, and provides for customary events of default which, if any of them occurs, would permit or require the principal of and accrued interest on the Notes to become or to be declared due and payable.
The foregoing descriptions of the Base Indenture and the Twelfth Supplemental Indenture in this Current Report on Form 8-K do not purport to be complete, and are qualified in their entirety by reference to Exhibits 4.1, 4.2 and 4.3, respectively, to this Current Report on Form 8-K, which are incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 4.1 | Form of Note representing $400 Million Aggregate Principal Amount of 4.650% Senior Notes due 2030 (contained in Exhibit 4.3). | |
| 4.2 | Indenture dated as of March 14, 2014, by and between W. P. Carey Inc., as issuer and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on March 14, 2014). | |
| 4.3 | Twelfth Supplemental Indenture dated as of July 10, 2025, by and between W. P. Carey Inc., as issuer, and U.S. Bank Trust Company, National Association, as trustee. | |
| 5.1 | Opinion of Hogan Lovells US LLP. | |
| 23.1 | Consent of Hogan Lovells US LLP (contained in Exhibit 5.1). | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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, thereunto duly authorized.
| Date: July 10, 2025 | W. P. Carey Inc. | |
| By: | /s/ ToniAnn Sanzone | |
| ToniAnn Sanzone | ||
| Chief Financial Officer | ||
FAQ
Why did Radius Recycling (RDUS) file a Post-Effective Amendment No. 1 to its Form S-8 registrations?
How many shares are being deregistered by Radius Recycling?
Which incentive plans are affected by the deregistration?
What corporate action triggered the need to deregister these shares?
Who signed the Post-Effective Amendment on behalf of the company?
Does the filing contain any financial results or earnings information?
