AMSC Changes Principal Executive Offices to Ayer, MA

TL;DR

**AMSC moved its main office, signaling potential operational changes.**

AI Summary

American Superconductor Corporation (AMSC) filed an 8-K on January 31, 2024, reporting an event that occurred on January 30, 2024. This filing, under Item 8.01 "Other Events," indicates a change in their principal executive offices from Sixty Four Jackson Road, Devens, MA 01434 to 114 East Main Street, Ayer, MA 01432. This matters to investors as it signals a potential operational adjustment or cost-saving measure, which could impact future financial performance, though the filing itself doesn't provide specific financial details.

Why It Matters

A change in principal executive offices can indicate a strategic shift, potential cost savings, or expansion/downsizing, all of which can influence a company's operational efficiency and financial outlook.

Risk Assessment

Risk Level: low — This filing primarily reports an administrative change of address, which typically carries a low direct financial risk.

Analyst Insight

A smart investor would note the change in address and look for any subsequent filings or earnings calls that might elaborate on the reasons for the move and its potential financial implications, such as cost savings or strategic realignment.

Key Players & Entities

• AMERICAN SUPERCONDUCTOR CORP /DE/ (company) — the registrant filing the 8-K
• AMSC (company) — trading symbol for American Superconductor Corporation
• January 30, 2024 (date) — date of the earliest event reported
• January 31, 2024 (date) — date the 8-K was filed
• Sixty Four Jackson Road, Devens, MA 01434 (location) — former principal executive offices
• 114 East Main Street, Ayer, Massachusetts 01432 (location) — new principal executive offices

Forward-Looking Statements

• AMSC's operational costs related to office space may change due to the relocation. (AMSC) — medium confidence, target: 2024-03-31

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share AMSC Nasdaq Glo
• $11.25 — ublic offering price in the Offering is $11.25 per share of Common Stock. The net proc
• $56.6 m — fering are expected to be approximately $56.6 million, after deducting underwriting dis

Filing Documents

• d739219d8k.htm (8-K) — 32KB
• d739219dex11.htm (EX-1.1) — 193KB
• d739219dex51.htm (EX-5.1) — 14KB
• g739219g0131001728718.jpg (GRAPHIC) — 2KB
• g739219g0131002255256.jpg (GRAPHIC) — 2KB
• 0001193125-24-020938.txt ( ) — 423KB
• amsc-20240130.xsd (EX-101.SCH) — 3KB
• amsc-20240130_lab.xml (EX-101.LAB) — 17KB
• amsc-20240130_pre.xml (EX-101.PRE) — 11KB
• d739219d8k_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Current Report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements include, among other things, the expected net proceeds from the offering and the anticipated use of net proceeds, and other statements containing the words "intends," "believes," "anticipates," "plans," "expects," "will" and similar expressions. Such forward-looking statements represent management's current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of the Company's common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to: the risk and uncertainties associated with market conditions, as well as risks and uncertainties in the Company's business, including those risks discussed under the caption "Risk Factors" in Part 1. Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023 and the Company's other reports filed with the SEC. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management's estimates as of the date of this Current Report. While the Company may elect to update such forward-looking statements at some point in the future, the Company disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this Current Report. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Item9.01.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 1.1* Underwriting Agreement, dated January 30, 2024, by and between American Superconductor Corporation and Oppenheimer & Co. Inc., as representative of the several underwriters named therein 5.1 Opinion of Latham & Watkins LLP 23.1 Consent of Latham & Watkins LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. * Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets ("[***]") because the identified confidential portions (i) are not material and (ii) is the type of information that the registrant treats as private or confidential.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN SUPERCONDUCTOR CORPORATION Date: January 31, 2024 By: /S/ JOHN W. KOSIBA, JR. John W. Kosiba, Jr. Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR