Cooper-Standard Holdings Inc. (CPS) Form 8-K — Nov 2, 2026
Cooper-Standard Holdings (NYSE: CPS) adopted a Section 382 tax benefits preservation rights plan on November 2, 2026, replacing its expiring rights agreement effective November 5, 2026. The plan is designed to deter any person from acquiring 4.9% or more of the company's shares without board approval, which would trigger an 'ownership change' under the tax code and potentially limit roughly $215 million of net operating loss carryforwards and other tax attributes. One right will be distributed per share to holders of record on November 12, 2026, with a $100 exercise price and standard flip-in/flip-over provisions.
Key figures
- Record date
- November 12, 2026
- Rights expiration
- November 1, 2029
- Exercise price per right
- 100
- Estimated tax benefits usd
- 215000000
- Ownership trigger threshold
- 4.9%
- Stockholder ratification deadline
- November 1, 2027
AI analysis
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