NN, Inc. Accelerates Director Stock Vesting; Legion Waives Rights

What Happened

• NN, Inc. (NNBR) filed an 8-K on July 31, 2026 disclosing that, by letter agreement dated July 29, 2026, the company agreed to accelerate the vesting of 49,079 shares of a restricted stock award granted to director Raymond T. White.
• The letter agreement also documents that Legion Partners Asset Management, LLC and certain affiliates (the “Legion Parties”) irrevocably waived their replacement rights under Section 1(f) of a previously disclosed Cooperation Agreement dated January 16, 2026.

Key Details

• 49,079 shares: number of restricted stock award shares whose vesting was accelerated.
• July 29, 2026: date of the letter agreement implementing the acceleration and waiver.
• Jan 16, 2026: date of the original Cooperation Agreement between NN, Inc. and the Legion Parties.
• Exhibit filed: the letter agreement is included as Exhibit 10.1 to the 8-K.

Why It Matters

• For investors, this filing documents a near-term change in equity compensation for a board member (acceleration of restricted stock vesting), which can affect the timing of share vesting and potential insider ownership.
• The Legion Parties’ irrevocable waiver of certain replacement rights under the Cooperation Agreement may limit future claims or remedies related to that agreement, clarifying part of the parties’ current contractual relationship.