NYSEIndustrialsConstruction Machinery & Heavy Transportation EquipmentS&P SmallCap 600
$113.44
+1.36 (+1.21%)
Close of Nov 06, 2026 · end-of-day data
FSS 8-K filings in 2022
Every material Form 8-K Federal Signal filed with the SEC in 2022, 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). Newest first; each brief links to its own page and to the filing on SEC.gov.
Federal Signal entered into a new five-year, $800 million senior secured credit agreement dated October 21, 2022, replacing its prior $500 million facility. The facility adds financial flexibility for working capital, general corporate purposes and acquisitions, but it also carries leverage and covenant limits on dividends and buybacks.
Facility totals $800 million: a $675 million revolver and a $125 million term loan, maturing October 21, 2027.
Borrowings bear interest at SOFR or other benchmark rates plus a margin of 1.00% to 1.75%; unused revolver commitment fee of 0.10% to 0.25% per annum.
If leverage exceeds 3.25x, dividends and buybacks are limited to $35 million annually plus other payments up to the greater of $65 million or 5% of total assets.
The Company may expand borrowing capacity by up to the greater of $400 million or 100% of Consolidated EBITDA, subject to lender approval.
Federal Signal disclosed a Separation Agreement with Daniel A. DuPré, its former Vice President, General Counsel and Secretary, who retired and last worked for the company on September 2, 2022. The agreement accelerates pro-rata vesting of restricted stock, performance-based RSUs and stock options, and extends option expiration dates to the earlier of September 2, 2027 or original expiration.
Agreement effective September 12, 2022; DuPré's last day of employment was September 2, 2022
Accelerated vesting of 2,608 and 1,031 restricted stock units (2020 and 2021 grants) and 5,909 and 2,333 performance-based RSUs, subject to performance
Accelerated vesting of 1,327 and 820 stock options; option expiration extended to the earlier of September 2, 2027 or original expiration date
DuPré released claims against the company and agreed to non-compete and non-solicitation provisions
Federal Signal Corporation said Vice President, General Counsel and Secretary Daniel A. DuPré will retire from that role effective April 26, 2022, and will remain employed by the company. Diane Bonina, formerly Assistant Vice President and Senior Legal Counsel at AT&T, will succeed him in the role on the same date. The change is a routine executive transition in the legal function and the filing reports no financial effect.
Daniel A. DuPré retires as Vice President, General Counsel and Secretary effective April 26, 2022, and will continue as an employee
Diane Bonina succeeds him in the role effective April 26, 2022
Bonina previously served at AT&T Inc. as Assistant Vice President – Senior Legal Counsel, and earlier as an attorney at Jenner & Block from 1990 to 1996
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Federal Signal filing is on SEC EDGAR ↗. 8-K briefs of other companies →