CRAWFORD UNITED Corp 8-K
Research Summary
AI-generated summary
Crawford United Corp Approves Merger with SPX Enterprises
What Happened
Crawford United Corporation (CRAWA) filed an 8-K reporting that shareholders approved the Agreement and Plan of Merger dated December 5, 2025, among SPX Enterprises, LLC (Parent), Project King Acquisition, Inc. (Merger Sub) and Crawford. The Special Meeting of Shareholders was held February 3, 2026; as a result of the vote the Company will become a wholly owned subsidiary of Parent upon completion of the Merger.
Key Details
- Record date for the meeting: January 5, 2026 — 2,820,084 Class A shares and 731,848 Class B shares outstanding (5,015,628 total votes).
- Votes represented at the meeting: 4,139,357 (quorum present).
- Proposal 1 (approve Merger Agreement): 4,017,190 For, 121,942 Against, 225 Abstain. (Class A vote breakdown: 2,175,772 For, 121,942 Against, 225 Abstain.)
- Proposal 2 (advisory approval of executive compensation related to the Merger): 4,009,284 For, 126,422 Against, 3,651 Abstain. No broker non-votes were reported.
Why It Matters
Shareholder approval clears a primary regulatory/consummation step for the Merger, meaning Crawford is set to become a wholly owned subsidiary of SPX Enterprises if other closing conditions are met. The advisory approval of executive compensation signals shareholder support for the compensation arrangements tied to the transaction. Investors should note the change in ownership and monitor subsequent filings for closing details, timing, and any effects on trading or corporate status.