M&A - FRANKLIN ELECTRIC CO INC

Form Type: 8-K

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000003872525000144

Filing Summary: On June 9, 2025, Franklin Electric Co., Inc. entered into a Share Repurchase Agreement with the trustees of Patricia Schaefer Settlement Trust to repurchase 1,200,000 shares of its common stock for $86.78 per share. This purchase price corresponds to the volume-weighted average price of the Company’s stock on NASDAQ over the five trading days prior to the closing date. The acquisition was completed on June 13, 2025. Additionally, the Board of Directors approved an increase in the existing share repurchase authorization, allowing the Company to repurchase up to 1,126,635 shares in total, through various methods depending on market conditions.

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000003872525000009

Filing Summary: On February 14, 2025, Franklin Electric Co., Inc. announced it has signed a definitive agreement to acquire Barnes de Colombia S.A., a prominent manufacturer and distributor of industrial and commercial pumps located in Cota, Cundinamarca, Colombia. This strategic acquisition is contingent upon customary closing conditions which include Colombian antitrust clearance. It is anticipated that the acquisition will be finalized around March 1, 2025. Details of the agreement were made public through a press release attached to the filing as Exhibit 99.1.