|
Delaware
|
1-10702
|
34-1531521
|
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
301 Merritt 7, 4th Floor Norwalk, Connecticut
|
|
06851
|
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
|
NOT APPLICABLE
|
|
(Former Name or Former Address, if Changed Since Last Report)
|
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which
registered
|
| Common Stock ($0.01 par value) |
TEX |
New York Stock Exchange |
| Item 2.01 |
Completion of Acquisition or Disposition of Assets.
|
|
|
• |
Each issued and outstanding share of common stock, $0.001 par value per share, of REV (“REV Common Stock”) (other than certain excluded
shares) was converted into the right to receive (i) 0.9809 shares of common stock, par value $0.01 per share, of Terex (“Terex Common Stock”), and (ii) $8.71 in cash (without
interest) (clauses (i) and (ii) together, the “Merger Consideration”), with cash paid in lieu of the issuance of fractional shares of Terex Common Stock, in each case subject to
the terms and conditions of the Merger Agreement.
|
|
|
• |
Each award of restricted shares of REV common stock granted under the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan (as amended, the “REV Stock Plan”) outstanding immediately prior to the Effective Time (a “REV Restricted Share Award”) was converted into (i) a Terex restricted share award
(a “Terex Restricted Share Award”), relating to a number of whole shares of Terex Common Stock equal to the product of (a) the number of shares of REV Common Stock subject to the
REV Restricted Share Award, multiplied by (b) 0.9809, and (ii) an amount in restricted cash equal to the product of (a) the number of shares of REV Common Stock subject to the REV Restricted Share Award, multiplied by (b) $8.71, in each
case, subject to the terms and conditions of the Merger Agreement.
|
|
|
• |
Each award of REV restricted stock units granted under the REV Stock Plan outstanding immediately prior to the Effective Time (a “REV RSU Award”)
was converted into (i) a Terex restricted stock unit award (a “Terex RSU Award”), relating to a number of shares of Terex Common Stock equal to the product of (a) the number of
shares of REV Common Stock (which assumed forecasted level of performance was achieved for any REV RSU Award subject to performance vesting conditions), multiplied by (b)
the award exchange ratio under the Merger Agreement of 1.1309, and (ii) an amount in restricted cash equal the amount of any dividend equivalents that were accrued, but unpaid, with respect to the REV RSU Award, in each case, subject to the
terms and conditions of the Merger Agreement.
|
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
| Item 8.01. |
Other Events.
|
| Item 9.01. |
Financial Statements and Exhibits.
|
|
No.
|
Document Description
|
|
|
|
|
Agreement and Plan of Merger, dated as of October 29, 2025, by and among Terex Corporation, REV Group, Inc., Tag Merger Sub 1 Inc. and Tag Merger Sub 2 LLC (incorporated by
reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed on October 30, 2025)
|
|
|
|
|
|
Press Release dated February 2, 2026
|
|
|
|
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
| * |
Exhibits and schedules omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted exhibit or schedule will be furnished supplementally to the SEC upon request.
|
| Date: February 2, 2026 |
|
|
|
|
|
|
|
|
TEREX CORPORATION
|
|
|
|
||
|
By:
|
/s/ Scott J. Posner
|
|
|
Name: Scott J. Posner
|
||
|
Title: Senior Vice President, Secretary and General Counsel
|
||