815 material Form 8-K filings that 659 companies we cover made with the SEC in March 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Leidos subsidiary Leidos, Inc. issued $600 million of 4.100% notes due 2029 and $800 million of 5.000% notes due 2036 on March 2, 2026. Estimated net proceeds of about $1,387 million will help fund the proposed purchase of ENTRUST, but the notes must be redeemed at 101% if that deal is not completed by the deadline.
Total principal of $1.4 billion: $600 million of 2029 notes and $800 million of 2036 notes
Estimated net proceeds of approximately $1,387 million, earmarked for part of the ENTRUST acquisition consideration
Special mandatory redemption at 101% of principal if the ENTRUST deal is not completed by August 14, 2026, or is abandoned
Notes are senior unsecured obligations guaranteed by Leidos Holdings, with first interest payments due September 15, 2026
Graco Inc. appointed Sanjiv Gupta, currently Vice President & Chief Financial Officer, GM International at General Motors, as its Chief Financial Officer and Treasurer effective April 15, 2026. He succeeds David M. Lowe, who gave notice of his retirement on February 27, 2026 and will stay in a non-executive role through May 2026 to assist the transition.
Sanjiv Gupta, age 52, becomes CFO and Treasurer effective April 15, 2026, succeeding David M. Lowe.
Gupta's base salary is $575,000, with an annual incentive target of 75% of base salary.
Gupta receives a sign-on stock option award with a grant date fair value of $1,175,000, plus an equity award of $1,400,000 that includes $1,120,000 in RSUs and $280,000 in stock options.
Lowe remains with the company in a non-executive capacity through May 2026.
Berkshire Hathaway reported fourth-quarter 2025 net earnings attributable to shareholders of $19.2 billion, down from $19.7 billion a year earlier, and full-year net earnings of $67.0 billion, down from $89.0 billion in 2024. Operating earnings also declined, to $10.2 billion in the quarter from $14.5 billion and to $44.5 billion for the year from $47.4 billion. The company said quarterly investment gains and losses, which include unrealized market changes, can make per-share figures misleading.
Q4 2025 net earnings were $19.2 billion versus $19.7 billion in Q4 2024; Q4 operating earnings were $10.2 billion versus $14.5 billion.
Full-year 2025 net earnings were $67.0 billion versus $89.0 billion in 2024; full-year operating earnings were $44.5 billion versus $47.4 billion.
Net earnings per Class B share were $8.90 in Q4 2025 versus $9.13 in Q4 2024, and $31.04 for the full year versus $41.27.
Other-than-temporary impairments on Kraft Heinz and Occidental reduced 2025 earnings by $4.5 billion in Q4 and $8.3 billion for the full year; insurance float was about $176 billion at December 31, 2025.
Intuitive Surgical said it completed on March 1, 2026, its acquisition of the da Vinci and Ion distribution business run by ab medica, Abex, Excelencia Robótica and their affiliates, making the business wholly owned and bringing direct operations to Italy, Spain, Portugal, Malta and San Marino. The filing does not disclose the purchase price or any financial effect, so shareholders can see the structural change but not its size.
Acquisition completed March 1, 2026; announced in a press release dated March 2, 2026
Business covers Italy, Spain, Portugal, Malta, San Marino and associated territories
About 250 employees are joining Intuitive; combined installed base of more than 470 da Vinci systems in Italy, Spain and Portugal as of December 31, 2025
On March 2, 2026, Omnicom closed US notes totaling $1.7 billion and a euro notes offering of €600 million, with net proceeds of about $1.68 billion from the US notes. The company plans to use the US proceeds mainly to repay its 3.600% notes due April 15, 2026, of which $1.4 billion was outstanding at December 31, 2025, which leaves Omnicom's debt structure extended rather than increased by the repayment itself.
U.S. notes: $400 million 4.200% due 2029, $700 million 5.000% due 2033, $600 million 5.300% due 2036
Net proceeds from U.S. notes of approximately $1.68 billion
Proceeds intended to repay $1.4 billion of 3.600% notes maturing April 15, 2026
Euro notes: €600 million 3.850% due May 2, 2034, net proceeds about €594.5 million, listed on NYSE
Kratos Defense & Security Solutions priced a firm underwritten public offering of 14,285,714 common shares at $84.00 each, and the underwriters exercised their 30-day option in full on February 27, 2026. The offering was completed on March 2, 2026, with expected net proceeds of about $1,172,999,977. The company says it will use the proceeds for capital expenditures, product development, balance sheet strengthening, the recent Nomad acquisition, the pending Orbit acquisition and other strategic M&A, which means existing shareholders will own a larger share of the company.
Priced 14,285,714 shares at $84.00 per share; underwriters exercised option for an additional 2,142,857 shares in full on February 27, 2026
Expected net proceeds of approximately $1,172,999,977 after underwriting discounts and commissions
Offering closed March 2, 2026; Robert W. Baird & Co. acted as representative of the underwriters
Proceeds earmarked in part for the recent Nomad acquisition and the pending Orbit acquisition
L3Harris said on March 2, 2026 that Kenneth Sharp will become Senior Vice President and Chief Financial Officer effective March 16, 2026, succeeding Kenneth Bedingfield, who will focus exclusively on leading the Missile Solutions segment as its president. The filing describes Sharp's offer letter, including a $875,000 base salary, a $3,250,000 target annual equity award and a $3,500,000 restricted stock unit grant, and says the full agreement will be filed with the 10-Q for the quarter ending April 3, 2026.
Kenneth Sharp, 55, takes the CFO role effective March 16, 2026; he was CFO of Peraton, Inc. from 2023.
Offer letter dated February 26, 2026 includes a $875,000 base salary and a $1,000,000 sign-on bonus with a 24-month clawback.
Bedingfield will focus exclusively on Missile Solutions, which the press release says is preparing for an initial public offering later this year.
Brinker International promoted George Felix to Executive Vice President and Chief Marketing Officer, with oversight of marketing for Chili's Grill & Bar and Maggiano's Little Italy, effective following the February 26, 2026 board action. The filing also discloses a compensation increase for CFO Mika Ware, approved the same day.
Felix's annual base salary is $600,000, with a target bonus of 75% of base salary and an expected annual equity award valued at $750,000.
Ware's salary is $675,000, with a target bonus of 75% of base salary and an expected annual equity award valued at $900,000.
The company's press release says Brinker's market capitalization rose from $1.3 billion at the start of Felix's tenure in 2022 to $6.25 billion as of March 2, 2026.
Tidewater reported fourth-quarter 2025 revenue of $336.8 million, down 2.4% from a year earlier, while net income attributable to the company rose to $219.9 million ($4.41 per diluted share) from $36.9 million, mainly because of a non-cash deferred tax benefit of $201.5 million. The company also updated its 2026 revenue guidance to $1.43 billion to $1.48 billion, pro forma for the pending Wilson Sons Ultratug acquisition, which it said assumes a mid-year close.
Q4 2025 revenue of $336.8 million, down from $345.1 million in Q4 2024; Q4 Adjusted EBITDA of $143.1 million
Q4 net income of $219.9 million ($4.41 per diluted share), versus $36.9 million ($0.70 per diluted share) a year earlier, helped by a $201.5 million non-cash deferred tax benefit
2026 revenue guidance set at $1.43 billion to $1.48 billion, with gross margin guidance of 49% to 51%, pro forma for the Wilson Sons Ultratug acquisition
Full-year 2025 revenue of $1,352.8 million, up 0.5%; the company has $500 million remaining in its share repurchase authorization
KeyCorp said its Chief Information Officer, Amy G. Brady, will resign effective March 2, 2026, citing personal health considerations. Under a transition letter, she will remain a non-executive employee through May 31, 2026 to help hand off her duties, and she will receive salary continuation, benefits, and a 2026 incentive award eligibility, subject to a general release of claims.
Amy G. Brady informed KeyCorp of her resignation as CIO on February 24, 2026, effective March 2, 2026.
Brady stays employed as a non-executive employee through the Termination Date of May 31, 2026, to assist the transition.
She will get salary continuation and health and welfare benefits for one year after the Termination Date, conditioned on a general release.
She remains eligible for a 2026 incentive award and continues to vest in a Capital and Earnings Improvement Award granted December 30, 2024.
Illumination Acquisition Corp I, a company formed to pursue a business combination, had its IPO registration declared effective on February 26, 2026, and priced 20,000,000 units at $10.00 per unit, or $200,000,000 in total. The offering is expected to close on March 2, 2026, and four independent directors were appointed to the board the same day, with the company also adopting an amended and restated charter. The filing mainly files executed agreements and the amended charter, and the company's press release says it has not yet named a target, with a focus on growth companies in sectors including nuclear, artificial intelligence/high performance computing, technology, industrial growth and financial services.
Priced 20,000,000 units at $10.00 each, or $200,000,000, per the February 26, 2026 press release
Units expected to trade on Nasdaq as ILLUU from February 27, 2026; Class A shares and warrants to trade as ILLU and ILLUW once separated
Offering expected to close March 2, 2026; BTIG, LLC is sole book-running manager, with a 45-day option for up to 3,000,000 additional units
Directors James Manning, Paul Mann, Anthony DiGiandomenico and Eric Helenek appointed February 26, 2026, all stated as independent
HA Sustainable Infrastructure Capital issued $400 million of 6.000% Green Senior Unsecured Notes maturing March 15, 2036, on March 2, 2026. Proceeds may temporarily repay revolver or commercial paper borrowings, redeem part or all of its 8.00% notes due 2027, or fund eligible green projects.
Principal: $400 million; interest at 6.000% per year, paid semi-annually on March 15 and September 15, starting September 15, 2026
Maturity March 15, 2036; make-whole optional redemption before December 15, 2035, and par redemption on or after that date
Change of control triggers an offer to repurchase at 101% of principal plus accrued interest
Notes are guaranteed by the Operating Partnership, HAC, HAT I, HAT II, HAC Holdings I and HAC Holdings II, and rank pari passu with other senior unsecured debt
Targa Resources Corp. completed an underwritten public offering on March 2, 2026 of $750.0 million of 4.350% Senior Notes due 2031 and $750.0 million of 6.050% Senior Notes due 2056. The company said net proceeds are for general corporate purposes, including repaying commercial paper borrowings and other debt. The filing discloses new debt obligations but no change in earnings or guidance.
Total offering of $1.5 billion: $750.0 million of 4.350% notes due 2031 and $750.0 million of 6.050% notes due 2056
Notes are unsecured and guaranteed by certain subsidiaries, subject to certain conditions
Proceeds may repay commercial paper and other indebtedness, repurchase or redeem securities, or fund capital expenditures and working capital
U.S. Bancorp Investments, Inc., an underwriter, is an affiliate of the trustee, U.S. Bank Trust Company, National Association
Alamo Group reported fourth quarter 2025 net sales of $373.7 million, down 3.0% from a year earlier, and fully diluted EPS of $1.28 versus $2.33. For the full year, net sales fell 1.5% to $1,603.7 million and diluted EPS fell to $8.59 from $9.63, while the company raised its quarterly dividend 13.3% to $0.34 per share.
Q4 2025 adjusted fully diluted EPS was $1.70, compared with $2.39 in Q4 2024.
Vegetation Management Division Q4 net sales fell 13.2% to $138.7 million, and its adjusted EBITDA margin was 2.3%.
Industrial Equipment Division Q4 net sales rose 4.2% to $234.9 million, with adjusted EBITDA of $41.5 million.
The quarterly dividend increased from $0.30 to $0.34 per share, and the Petersen Industries acquisition closed in January 2026.
First Bancorp disclosed that Michael G. Mayer retired as President of the Company and CEO of First Bank effective February 28, 2026, as part of a succession plan. Mayer will remain a director of both the Company and First Bank, which keeps some continuity on the board.
Michael G. Mayer retired effective February 28, 2026
He previously served as President of First Bancorp and CEO of First Bank
Mayer will continue as a director of the Company and First Bank
Filing is part of a planned succession plan; no successor is named in this filing
Voya Financial completed a registered public offering of $400 million in 5.050% senior notes maturing March 2, 2036, with net proceeds of about $395.2 million. The company plans to use the proceeds for general corporate purposes, which may include repaying $447 million of 3.65% notes due June 15, 2026.
Offering: $400 million aggregate principal of 5.050% senior notes due March 2, 2036, completed March 2, 2026
Net proceeds to Voya of approximately $395.2 million after commissions and estimated expenses
Possible use: repayment at maturity of $447 million of 3.65% senior notes due June 15, 2026
Interest payable March 2 and September 2 each year, starting September 2, 2026
Realty Income said its Executive Vice President, Chief Legal Officer, General Counsel and Secretary, Michelle Bushore, is leaving the company. She will remain in the role through September 2, 2026 while the company searches for a new Chief Legal Officer, and the filing says her separation will be treated as a Qualifying Termination under the company's Executive Severance Plan.
Michelle Bushore will continue as Executive Vice President, Chief Legal Officer, General Counsel and Secretary through September 2, 2026 (the Transition Period).
Under a Transition Agreement dated February 26, 2026, she will receive a retention grant of restricted shares valued at $512,663, set by the February 26, 2026 closing share price.
The retention grant vests on completion of the Transition Period, subject to a general release of claims and fulfillment of job duties; the full Transition Agreement will be filed with the Form 10-Q for the quarter ending March 31, 2026.
American Express's board approved a $0.13, or 16 percent, increase in the quarterly dividend on its common shares, to $0.95 from $0.82 per share. The increase is consistent with a planned raise discussed in the company's fourth-quarter 2025 earnings release. For shareholders, the higher dividend raises the quarterly cash payout per common share by 16 percent.
Quarterly common dividend rises to $0.95 per share from $0.82, an increase of $0.13 or 16 percent.
Dividend is payable May 8, 2026, to shareholders of record on April 3, 2026.
The increase matches the planned raise discussed in the fourth-quarter 2025 earnings release.
DexCom's Executive Chairman Kevin Sayer returned from a temporary leave of absence effective March 2, 2026, resuming his duties, and Lead Independent Director Mark Foletta resumed his duties as well. Under a letter agreement dated February 27, 2026, Sayer receives an annual base salary of $610,000 and restricted stock units with a fair value of $2,350,000 that vest in full on March 8, 2027.
Sayer took a temporary leave of absence effective September 14, 2025, and returned March 2, 2026
Annual base salary of $610,000 under the letter agreement dated February 27, 2026
Restricted stock units with a fair value of $2,350,000, vesting in full on March 8, 2027, subject to continued service
Sayer is no longer eligible for the Amended and Restated Severance & Change in Control Plan as an executive officer
Pitney Bowes completed a $150 million add-on offering of 7.250% senior notes due 2029 on March 2, 2026, bringing total notes outstanding to $476 million. The company reported net proceeds of about $146.9 million and plans to use them for general corporate purposes, including repaying, repurchasing or refinancing other debt.
Additional notes: $150 million principal, 7.250% interest, maturing March 15, 2029, issued under a private Rule 144A placement
Net proceeds of approximately $146.9 million after initial purchasers' discounts and estimated expenses
Total notes outstanding after the offering: $476 million; first interest payment March 15, 2026
Life360 released unaudited fourth-quarter and audited full-year 2025 results on March 2, 2026, with an investor presentation for a conference call that day. Full-year revenue rose 32% to $489.5 million, and the company reported its first full year of net income at $150.8 million, which includes a one-time, non-cash tax benefit of $118.4 million. The company also gave 2026 guidance of $640 million to $680 million in consolidated revenue and $128 million to $138 million in Adjusted EBITDA.
Full-year 2025 revenue of $489.5 million, up from $371.5 million in 2024; Q4 2025 revenue of $146.0 million, up 26% year over year
Full-year 2025 net income of $150.8 million, versus a net loss of $4.6 million in 2024; excluding the $118.4 million tax benefit, net income was $32.5 million
2026 guidance: consolidated revenue of $640 million to $680 million and Adjusted EBITDA of $128 million to $138 million, about 20% margin
Cash, cash equivalents and restricted cash of $495.8 million at December 31, 2025, up from $160.5 million a year earlier, mainly from the June 2025 convertible notes offering
Dave Inc. reported fourth-quarter 2025 revenue of $163.7 million, up 62%, and net income of $66.0 million, up 292%, with full-year revenue of $554.2 million and net income of $195.9 million. The company also set 2026 guidance for revenue of $690 million to $710 million and raised its share repurchase authorization to $300 million from $125 million, which matters to shareholders because it signals both continued growth expectations and new capacity to buy back stock.
Q4 2025 revenue was $163.7 million, up 62% from $100.9 million; GAAP net income was $66.0 million versus $16.8 million a year earlier.
Full-year 2025 revenue was $554.2 million, up 60%; full-year GAAP net income was $195.9 million versus $57.9 million in 2024.
2026 guidance calls for revenue of $690 million to $710 million and Adjusted EBITDA of $290 million to $305 million.
The board authorized a new buyback of up to $300 million, replacing the prior $125 million program, under which about $113.2 million remained available.
Booz Allen Hamilton and its subsidiary signed an eleventh amendment to their credit agreement on February 27, 2026. The revolving credit facility was replaced and increased by $500 million to $1.5 billion, and a new $750 million Tranche A-2 term loan was used to repay part of the existing term loans, with both maturing February 27, 2031. The amendment also loosens certain debt and shareholder-distribution limits, which affects how the company can borrow and return cash to shareholders.
Revolving commitments increased from $1.0 billion to $1.5 billion, maturing February 27, 2031
New $750 million Tranche A-2 Term Loan borrowed to repay $750 million of the roughly $1.464 billion in existing Tranche A term loans
Covenant changes enlarge debt baskets and expand ability to pay dividends and make equity repurchases, subject to conditions
Newbridge Acquisition Limited and Starcoin Group Limited, a Hong Kong-listed company, entered into a memorandum of understanding on February 27, 2026 to explore a possible de-SPAC transaction involving Starcoin and/or its assets or businesses. The MOU is not legally binding, and the filing states the transaction may or may not proceed, so shareholders face uncertainty about whether a deal will be reached.
MOU dated February 27, 2026 between Newbridge Acquisition and Starcoin Group to explore a potential de-SPAC transaction
MOU is not legally binding and is subject to definitive agreements and due diligence
MOU terminates on the earlier of signing definitive agreements or 180 days after the MOU date, unless otherwise agreed
On March 2, 2026, Charles Schwab said it has completed its acquisition of Forge Global Holdings, Inc., a provider of access to pre-IPO company shares. The filing does not disclose the deal's total value or any financial effect on Schwab, so shareholder impact is not yet quantified.
Acquisition closed March 2, 2026; the deal was first announced in November
Forge shareholders received $45 cash per outstanding common share
Forge will keep operating its business while Schwab integrates it and plans to offer its products to more individual investors and RIAs over time
Virtus Investment Partners completed its acquisition of 56% of the equity of Keystone National Group, a private credit manager, effective March 1, 2026. The filing says the purchase price includes $200 million in cash at closing, with further cash payments of $65 million and $30 million due on the first and second anniversaries, plus up to $75 million of contingent payments tied to Keystone revenue targets. Virtus said it financed the deal from existing balance sheet resources and may acquire up to an additional 19% of Keystone through put and call options.
Closed March 1, 2026; Virtus acquired 56% of Keystone's equity under a Purchase Agreement dated December 5, 2025
Cash at closing of $200 million, subject to customary adjustments, plus $65 million on the first anniversary and $30 million on the second anniversary
Up to $75 million of contingent cash consideration over two to three years, tied to specified Keystone revenue targets
Keystone managed $2.5 billion as of December 31, 2025; Virtus may acquire up to an additional 19% of equity through options
California Resources reported full-year 2025 results. Total operating revenues rose to $3,669 million from $3,198 million, and average net production grew to 138 MBoe/d from 110 MBoe/d, but net income declined to $363 million from $376 million and diluted earnings per share fell to $4.15 from $4.62. The company also gave 2026 guidance of 152–157 MBoe/d in production and $430–470 million in capital investments, and it raised its share repurchase authorization to $1.78 billion.
Full-year 2025 total operating revenues were $3,669 million, up from $3,198 million in 2024; net income was $363 million versus $376 million, and diluted EPS was $4.15 versus $4.62.
Adjusted net income was $359 million versus $317 million, and free cash flow was $543 million versus $355 million.
2026 guidance: net production of 152–157 MBoe/d, capital investments of $430–470 million, and adjusted EBITDAX of $970–1,070 million, compared with $1,241 million in 2025.
The board declared a quarterly dividend of $0.405 per share, payable March 20, 2026, and raised the share repurchase program to $1.78 billion, extended through December 31, 2027.
ITT Inc. closed its acquisition of SPX FLOW on March 2, 2026. After purchase price adjustments, the net merger consideration was estimated at about $3.0 billion, paid as about $2.3 billion in cash and $0.7 billion in ITT common stock, and ITT agreed to register that stock for the seller, which adds potential future share supply for shareholders.
Net merger consideration estimated at about $3.0 billion: about $2.3 billion in cash and $0.7 billion in ITT shares, as of the Purchase Agreement date
Total consideration was previously announced in December 2025 as $4.775 billion
SPX FLOW reported 2025 revenue of more than $1.3 billion and organic orders growth of 14%
ITT must file a shelf registration statement for the stock consideration no later than 90 days after closing
Uniti reported fourth-quarter 2025 revenue of $917.3 million, up from $293.3 million a year earlier, but a net loss of $305.7 million, compared with net income of $21.6 million in the prior-year quarter. For the full year, net income of $1,304.7 million included a one-time $1,683.9 million gain tied to the Windstream merger, and the company issued a 2026 outlook calling for a net loss of $360 million to $410 million and Adjusted EBITDA of $1,425 million to $1,475 million.
Q4 2025 revenue $917.3 million vs. $293.3 million in Q4 2024; Q4 net loss $305.7 million vs. net income of $21.6 million
Full-year 2025 net income $1,304.7 million, including a one-time $1,683.9 million gain on settlement of preexisting relationships; full-year Adjusted EBITDA $1,173.8 million
2026 outlook: revenue $3,605 million to $3,655 million; net loss $410 million to $360 million; Adjusted EBITDA $1,425 million to $1,475 million
February 4 closing of $1.0 billion of 8.625% senior notes due 2032; January 30 closing of $960.1 million Kinetic fiber securitization notes
Sabre's Board adopted a limited-duration shareholder rights plan, effective March 1, 2026, in response to share accumulation by Constellation Software. The plan issues one right per common share to holders of record on March 11, 2026, and rights generally become exercisable if a person or group acquires 15% or more of the common stock. Sabre says the plan is not a response to any takeover offer and that it remains open to resuming talks with Constellation.
Rights distributed to holders of record on March 11, 2026; plan expires February 28, 2027
Rights become exercisable if a person or group acquires 15% or more (20% for certain passive 13G investors)
Constellation Software disclosed a 9.7% economic position: 4.7% beneficial ownership plus 5% via derivatives
Constellation withdrew a board nomination on February 28, 2026, after breaking off negotiations on February 26
Paramount Skydance Corporation (NASDAQ: PSKY) signed a merger agreement on February 27, 2026 to acquire Warner Bros. Discovery (WBD), with WBD becoming a wholly owned subsidiary. The filing values WBD at $81 billion in equity value and $110 billion in enterprise value, and the deal is backed by $47 billion of new equity and $54 billion of debt commitments, so it carries large financing and share issuance for Paramount shareholders. The filer is named in the filing as Paramount Skydance Corporation (PSKY), not Skydance Corp (SKYD) as the request stated.
WBD common stockholders would receive $31.00 in cash per share, plus a ticking consideration if closing occurs after September 30, 2026
Paramount plans to issue $47 billion of new Class B shares at $16.02 per share, backed by the Ellison Family and RedBird Capital Partners
The deal is backed by $54 billion of debt commitments from Bank of America, Citigroup, and Apollo
Closing is expected in Q3 2026, subject to regulatory clearances and approval by WBD shareholders
Astrana Health reported full-year 2025 revenue of $3.18 billion, up 56%, and fourth-quarter revenue of $950.5 million, up 43%. Full-year GAAP net income attributable to the company fell to $22.5 million from $43.1 million, and the company said it expects to report a material weakness in internal control over financial reporting, which will delay its annual report on Form 10-K.
Full-year 2025 revenue of $3,181.8 million, up 56%; adjusted EBITDA of $205.4 million, up 21%
Full-year 2025 diluted EPS of $0.46 versus $0.90 in 2024; adjusted diluted EPS of $2.20 versus $1.94
Company will file Form 12b-25 to extend the 10-K deadline, expects a material weakness tied to acquisition and purchase accounting, and expects to file within the 15-day extension period
Board raised the share repurchase authorization from $50 million to $100 million; $35.9 million remained available as of December 31, 2025
AES Corporation entered into a merger agreement on March 1, 2026, under which a consortium led by Global Infrastructure Partners and EQT would acquire the company for $15.00 per share in cash, an equity value of about $10.7 billion. Upon closing, AES common stock would stop trading on the NYSE, so shareholders would receive cash in place of continuing ownership. The deal is expected to close in late 2026 or early 2027, subject to stockholder and regulatory approvals.
Merger consideration is $15.00 per share in cash, a 40.3% premium to the 30-day VWAP before July 8, 2025
Termination fees: up to $588 million payable to AES in certain circumstances; approximately $321 million payable by AES in others
Juan Ignacio Rubiolo named EVP and COO and President of Energy Infrastructure, and Ricardo Falú named President, both effective March 2, 2026; CEO Andrés Gluski remains CEO
Expected close in late 2026 or early 2027; outside date June 1, 2027
RadNet reported fourth-quarter 2025 revenue of $547.7 million, up 14.8%, and a record Adjusted EBITDA of $87.7 million, up 16.9%. Adjusted EPS was $0.23 versus $0.24 a year earlier, and the company swung to a GAAP net loss attributable to RadNet common stockholders of $0.6 million from net income of $5.3 million. The company also issued 2026 guidance and announced the Gleamer acquisition.
Q4 2025 revenue $547.7 million, up 14.8% from $477.1 million; Adjusted EBITDA $87.7 million, up 16.9%
Q4 2025 diluted GAAP net loss per share $(0.01), compared with net income per share of $0.07 in Q4 2024
2026 Imaging Center guidance: revenue $2,325-$2,375 million; Adjusted EBITDA $335-$348 million; free cash flow $105-$115 million
Full-year 2025 Total Company net loss $18.7 million (before one-time items), versus net income of $2.8 million in 2024
AAON reported fourth-quarter 2025 net sales up 42.5% to $424.2 million and diluted EPS of $0.39, up from $0.30, while gross margin slipped to 25.9% from 26.1%. For full-year 2025, sales rose 20.1% to $1.44 billion, but diluted EPS fell to $1.29 from $2.02 and gross margin fell to 26.7% from 33.1%. The company forecast 2026 sales growth of 18%-20% and gross margin of 29%-31%, and its board authorized up to $100.0 million in share repurchases.
Q4 2025 net sales were $424.2 million, up 42.5%; BASX-branded sales rose 138.8% to $181.4 million.
Full-year 2025 diluted EPS was $1.29 versus $2.02 in 2024; gross margin was 26.7% versus 33.1%.
2026 outlook calls for sales growth of 18%-20% and gross margin of 29%-31%.
Board authorized up to $100.0 million in open-market share purchases; year-end backlog was $1.83 billion.
ADT reported fourth-quarter and full-year 2025 results on March 2, 2026. Full-year revenue rose 5% to $5.1 billion, but GAAP income from continuing operations fell $19 million to $601 million, while adjusted EPS rose 19% to $0.89. The company also authorized a $1.5 billion share repurchase plan through April 30, 2029, and expects 2026 revenue and adjusted EPS to be approximately flat.
Full-year 2025 total revenue rose 5% to $5.1 billion; fourth-quarter revenue rose 1% to $1.276 billion
GAAP income from continuing operations was $601 million, or $0.68 per diluted share, down $19 million; adjusted EPS was $0.89, up 19%
2026 outlook: revenue and adjusted EPS approximately flat; adjusted free cash flow growth of approximately 20%
New $1.5 billion share repurchase plan runs through April 30, 2029; quarterly dividend of $0.055 per share is payable April 2, 2026 to holders of record March 12, 2026
Norwegian Cruise Line Holdings reported fourth quarter and full year 2025 results on March 2, 2026. Full year revenue rose 3.7% to $9.8 billion and Adjusted EPS rose 19% to $2.11, but GAAP net income fell to $423.2 million from $910.3 million, and the company expects first quarter 2026 Net Yield to decline about 1.6% in constant currency. For shareholders, the filing sets a 2026 Adjusted EPS target of $2.38 and replaces prior long-term targets, while new CEO John W. Chidsey said execution and cross-functional alignment have fallen short.
Full year 2025 revenue was $9.8 billion, up 3.7%, and Adjusted EBITDA was $2.73 billion, up 11%.
GAAP net income was $423.2 million for 2025 versus $910.3 million in 2024; fourth quarter GAAP net income was $14.3 million versus $254.5 million.
First quarter 2026 Net Yield is expected to decline about 1.6% in constant currency; full year 2026 Adjusted EPS is expected to be $2.38.
John W. Chidsey was appointed President and Chief Executive Officer in February 2026.
Eaton Corporation plc appointed David B. Foster as Executive Vice President and Chief Financial Officer, effective March 2, 2026. He succeeds Olivier Leonetti, who remains in a senior advisory role until March 13, 2026, when he departs the company. The filing discloses Foster's pay package and a $233,600 consulting fee he received from the company, which matters to shareholders as a change in the principal financial officer.
Foster, 54, previously worked at Eaton from 1993 until retiring in 2022, last serving as SVP, Finance and Planning for the Industrial Sector.
Base salary of $815,000, target annual incentive of 100% of salary, and equity grants of $875,000 in stock options, $875,000 in RSUs and $1,750,000 in PSUs at target, with a grant date of April 1, 2026.
Foster received or will receive about $233,600 for consulting services to the company from January 1, 2025 through March 2, 2026, including work on the proposed Mobility segment spin-off.
Leonetti informed the company on November 14, 2025 that he would leave on April 1, 2026; the filing says he will depart on March 13, 2026.
Biglari Holdings reported a fourth-quarter 2025 net loss attributable to shareholders of $49.9 million, compared with a $10.3 million loss a year earlier, and a full-year 2025 net loss of $37.5 million, compared with $3.8 million in 2024. The company said pre-tax operating earnings swung to a loss in the quarter, and investment losses drove most of the decline, which matters to shareholders because the reported results are weighed down by investment marks rather than operations alone.
Fourth-quarter 2025 pre-tax operating loss of $1.7 million, versus pre-tax operating earnings of $3.9 million in Q4 2024
Fourth-quarter investment losses of $62.3 million, versus $21.9 million a year earlier
Full-year 2025 pre-tax operating earnings of $18.8 million, down from $32.6 million in 2024
Book value per Class A equivalent share was $2,059.32 at December 31, 2025
Teradata expanded its board from nine to ten directors and elected Melissa Fisher as a Class I director effective March 1, 2026, under a cooperation agreement with Lynrock Lake Partners. Director Daniel Fishback will retire at the end of his term at the 2026 annual meeting rather than stand for re-election, which the company says is not due to any disagreement with management.
Melissa Fisher elected as Class I director effective March 1, 2026, with a term expiring at the 2026 annual meeting
Fisher named to the Audit Committee and Nominating and Governance Committee and designated an Audit Committee Financial Expert
Board determined Fisher is independent under NYSE and SEC requirements
Daniel Fishback, a director since 2017, will retire at the 2026 annual meeting under the cooperation agreement
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