Rocky Mountain Chocolate Factory, Inc.
Extract: Poison Pill Activity: Termination (proactive) from a 8-K on 10/07/2021   Download
SEC Document
SEC Filing
On October 2, 2021, the Board of Directors of the Rocky Mountain Chocolate Factory, Inc. (the “Company”) approved the redemption of all the outstanding preferred stock purchase rights (the “Rights”) granted pursuant to the Rights Agreement, dated March 1, 2015, between the Company and Computershare Trust Company, N.A., as Rights Agent (as amended, the “Rights Agreement”), commonly referred to as a “poison pill.”  Immediately upon the action of the Board of Directors to approve the redemption of the Rights, the right to exercise the Rights terminated, which effectively terminated the Rights Agreement.  Pursuant to the Rights Agreement, the Rights will be redeemed at a redemption price of $0.01 per Right (the “Redemption Price”). The Company will mail a notice of redemption to registered holders of the Rights providing for payment of the Redemption Price.