GTLS: 15-12G · other
Chart Industries, Inc. filed a Form 15 certification and notice of termination of registration under Section 12(g) of the Securities Exchange Act of 1934. The company is suspending its duty to file periodic reports under Sections 13 and 15(d) pursuant to Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), indicating it is ceasing to be a public reporting company. As of the date of the filing, the registrant had approximately one holder of record.
GTLS: 25-NSE · acquisition merger
Chart Industries, Inc. has completed its merger with Tango Merger Sub, Inc., a wholly owned indirect subsidiary of Baker Hughes Company. The merger became effective on July 16, 2026, marking the finalization of the acquisition transaction. As a result of the merger, each share of Chart Industries common stock was converted into the right to receive USD 210.00 in cash, without interest, less any applicable fees and taxes. Consequently, trading of the company's securities was suspended on the effective date. The New York Stock Exchange has notified the SEC of its intention to remove Chart Industries from listing and registration at the opening of business on July 27, 2026, pursuant to Rule 12d2-2.
Baker Hughes Completes Acquisition of Chart Industries
Baker Hughes completed its acquisition of Chart Industries, establishing Chart as a new third operating segment focused on thermal management and lifecycle services. The deal adds $4.3 billion in annual revenue based on Chart’s 2025 fiscal year, with Baker Hughes targeting $325 million in annualized cost synergies within three years. Jim Apostolides has been appointed to lead the Chart segment, overseeing the integration of the business and execution of the Baker Hughes Business System.
BrightSpring Health Services Set to Join S&P MidCap 400 and Karman Holdings to Join S&P SmallCap 600
S&P Dow Jones Indices announced that Baker Hughes (BKR) is set to acquire Chart Industries (GTLS) on July 16, pending final closing conditions. This transaction will trigger index changes effective July 17, with Chart Industries removed from the S&P MidCap 400 to be replaced by BrightSpring Health Services (BTSG). BrightSpring Health Services will also be deleted from the S&P SmallCap 600, where Karman Holdings (KRMN) will take its place.
GTLS: 8-K · leadership change
Chart Industries (GTLS) filed an 8-K reporting the termination of Jillian Evanko’s role as Senior Advisor, effective June 15, 2026. This follows her departure from the board and is part of the ongoing integration process with Baker Hughes (BKR). Under an amendment to her Senior Advisor Agreement, Evanko will receive a fixed fee of $8 million, subject to the consummation of the merger and compliance with restrictive covenants. The agreement also includes mutual releases of claims and non-disparagement clauses among Chart, Baker Hughes, and Evanko. The filing confirms Baker Hughes’ consent to this arrangement under the Merger Agreement, signaling continued cooperation between the parties as they move toward closing the transaction. The $8 million payment is a pre-agged contractual obligation rather than a new discretionary expense.
GTLS: 8-K · acquisition merger
Chart Industries (GTLS) announced that it and acquirer Baker Hughes (BHI) have concluded their pre-notification process with the European Commission. Baker Hughes filed a Form CO with the EC on May 21, 2026, which officially initiates the Phase I regulatory review period for the proposed merger. Based on the prescribed timelines for the Phase I review, Chart expects the merger to close in July 2026, subject to receipt of the EC’s approval and other customary closing conditions. This update reinforces the transaction's momentum and provides a clearer path toward consummation following the initial agreement signed in July 2025.
GTLS: 10-Q · periodic report
Chart Industries, Inc. reported a net loss of $17.1 million for the quarter ended March 31, 2026, a significant decline from the net income of $49.5 million in the same period last year. This net loss is primarily due to lower sales and gross profit margins across all segments, indicating operational challenges or market headwinds. The company's revenue for the quarter was $884.8 million, down 11.7% from $1,001.5 million in the same period last year. The decrease in revenue is attributed to lower sales in each segment, particularly in Specialty Products and Repair, Service & Leasing. Chart's gross profit margin for the quarter was 28.4%, down 550 basis points from 33.9% in the same period last year. The decline in gross profit margin is primarily due to reduced volumes, unfavorable product mix, and the impact of tariffs on certain products. The company's cash position as of March 31, 2026, was $269.4 million, a decrease of $100.4 million from $369.8 million at the end of December 2025. This decrease is primarily due to the timing of progress billings and vendor payments.
