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SEC Filings

NN INC filed this Form 10-Q on 08/14/2017
Entire Document

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In addition, the definitive agreement restricts us from engaging in certain actions without the consent of Tsubaki, which could prevent us from pursuing business opportunities that may arise prior to the consummation of the proposed transaction.

We have incurred, and will continue to incur, transaction costs in connection with the proposed transaction, and many of these fees and costs are payable regardless of whether or not the sale is completed.


Item 2. Unregistered Sales of Equity Securities and Use of Proceeds



   Total Number of Shares
     Average Price Paid Per
     Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(1)
     Maximum Number (or
Approximate Dollar
Value) of Shares That
May Yet Be Purchased
Under the Plan or

April 2017

     3,125      $ 27.60        —          —    

May 2017

     —        $ —          —          —    

June 2017

     —        $ —          —          —    














     3,125      $ 27.60        —          —    


(1) Shares were withheld to pay for tax obligations due upon the vesting of restricted stock held by certain employees granted under the NN, Inc. Amended and Restated 2011 Stock Incentive Plan (the “Plan”). The Plan provides for the withholding of shares to satisfy tax obligations. It does not specify a maximum number of shares that can be withheld for this purpose. These shares may be deemed to be “issuer purchases” of shares that are required to be disclosed pursuant to this Item.


Item 3. Defaults upon Senior Securities



Item 4. Mine Safety Disclosures

Not applicable


Item 5. Other Information



Item 6. Exhibits

The exhibits listed in the accompanying Exhibit Index are filed, furnished or incorporated by reference as part of this Quarterly Report on Form 10-Q.