Centrus Energy extends Section 382 rights plan to June 30, 2029 and raises purchase price
Centrus Energy stockholders approved a seventh amendment to the company's Section 382 rights agreement at the June 18, 2026 annual meeting. The amendment extends the plan's final expiration date to June 30, 2029 and raises the purchase price per preferred share fraction, which the company says reflects the rise in its Class A common stock price. The company says the plan is intended to preserve its net operating loss carryforwards and other tax benefits for stockholders, and that it was not adopted in response to any effort to acquire control.
Key points
- Final Expiration Date extended from June 30, 2026 to June 30, 2029.
- Purchase price per one one-thousandth of a Series A preferred share increased from $160.38 to $1,143.95.
- Stockholders approved the amendment on June 18, 2026 with 7,664,845 votes for and 853,077 against.
- Yanhong Dai appointed principal accounting officer effective June 18, 2026, with a $250,000 base salary; Todd M. Tinelli remains CFO.
The filing
Written by AI on Nov 8, 2026, 6:56 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 June 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.