Cooper-Standard adopts rights plan to protect about $215 million in tax benefits
Cooper-Standard's board adopted a Section 382 rights agreement that replaces the company's existing rights plan when that plan expires, effective the close of business on November 5, 2026. The plan is meant to protect the company's net operating loss carryforwards and other tax attributes from being limited by a future ownership change, and it would deter any person from acquiring 4.9% or more of the common stock without board approval.
Key points
- Rights plan takes effect at the close of business on November 5, 2026, replacing the expiring existing plan.
- Rights are distributed to holders of record on November 12, 2026, at one right per common share, exercisable at $100.
- Rights become exercisable if a person or group acquires 4.9% or more of the common stock; holders above 4.9% at adoption are not deemed acquiring persons.
- The company estimates U.S. Tax Benefits at approximately $215 million as of September 30, 2026; the plan expires November 1, 2029, or November 1, 2027 if stockholder approval is not obtained, and will be submitted for ratification at the 20
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
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