Park Ohio Holdings Reports Unregistered Equity Sale

TL;DR

Park Ohio (PKOH) filed an 8-K for unregistered equity sales - details scarce.

AI Summary

Park Ohio Holdings Corp. reported on August 26, 2024, an unregistered sale of equity securities. The filing does not disclose specific details regarding the number of securities sold, the price, or the parties involved in this transaction.

Why It Matters

This filing indicates a transaction involving the company's equity that was not registered with the SEC, which could have implications for investors regarding transparency and regulatory compliance.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate private placements or other transactions that may not be fully transparent to the public market.

Key Players & Entities

• PARK OHIO HOLDINGS CORP (company) — Registrant
• 0000076282-24-000130 (filing_id) — Accession Number
• August 26, 2024 (date) — Date of earliest event reported
• 6065 Parkland Boulevard, Cleveland, Ohio 44124 (address) — Principal executive offices

FAQ

Key Financial Figures

• $1.00 — ich registered Common Stock, Par Value $1.00 Per Share PKOH The NASDAQ Stock Market
• $30.28 — per share (the "Shares"), at a price of $30.28 per share, or approximately $4.5 millio
• $4.5 million — e of $30.28 per share, or approximately $4.5 million in the aggregate, pursuant to Stock Pur

Filing Documents

• pkoh-20240826.htm (8-K) — 28KB
• 0000076282-24-000130.txt ( ) — 143KB
• pkoh-20240826.xsd (EX-101.SCH) — 2KB
• pkoh-20240826_lab.xml (EX-101.LAB) — 21KB
• pkoh-20240826_pre.xml (EX-101.PRE) — 13KB
• pkoh-20240826_htm.xml (XML) — 2KB

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. On August 26, 2024, Park-Ohio Holdings Corp., an Ohio corporation (the "Company"), agreed to issue and sell an aggregate of 148,612 shares of the Company's common stock, par value $1.00 per share (the "Shares"), at a price of $30.28 per share, or approximately $4.5 million in the aggregate, pursuant to Stock Purchase Agreements, each dated August 26, 2024 (the "Stock Purchase Agreements"), between the Company and each of Matthew V. Crawford, Chairman and Chief Executive Officer of the Company, in his individual capacity and not in his capacity as an officer of the Company, and Crawford Capital Enterprises, LLC, a Delaware limited liability company (the "Purchasers"). The Company completed the issuance and sale of the Shares on August 27, 2024. The Shares were issued and sold on a private offering basis in reliance on an exemption from the registration requirements of the Securities Act of 1933 pursuant to Section 4(a)(2) thereof and/or Rule 506 of Regulation D thereunder, in each case, pursuant to the representations each of the Purchasers made to the Company pursuant to the Stock Purchase Agreements. 3

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. Park-Ohio Holdings Corp. (Registrant) Dated: August 27, 2024 /s/ Robert D. Vilsack Robert D. Vilsack Chief Legal & Administrative Officer, Corporate Secretary 4

View Full Filing

View this 8-K filing on SEC EDGAR