Monitor for any future Legion Partners activity or further board changes. The waiver of replacement rights removes potential near-term board turnover, but the cooperation agreement remains in place, preserving existing governance arrangements.
Price Chart
Executive Summary
NN Inc. entered a letter agreement with activist investor Legion Partners to accelerate vesting of 49,079 restricted shares granted to former director Raymond T. White, who resigned on July 20, 2026. In exchange, Legion irrevocably waived its replacement rights under the January 2026 cooperation agreement, effectively ending their board seat replacement obligation. This is a routine administrative resolution of a governance matter with no financial impact.
Key Facts
- Accelerated vesting of 49,079 restricted shares to former director Raymond T. White
- Legion Partners permanently waived replacement rights under the Cooperation Agreement
- Raymond T. White resigned from the board effective July 20, 2026
- All other terms of the January 16, 2026 Cooperation Agreement remain in full force and effect
Financial Impact
No material financial impact; 49,079 shares accelerated vesting (not a new grant, no cash consideration)
Risk Factors
- Activist investor Legion retains influence under the ongoing cooperation agreement
- Director departure and accelerated vesting could signal governance friction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000918541-26-000057 |
| Document: nn-letteragreement.htm | 0000918541-26-000057 |
| Document: 0000918541-26-000057-index-headers.html | 0000918541-26-000057 |
| Document: 0000918541-26-000057-index.html | 0000918541-26-000057 |
| Document: 0000918541-26-000057.txt | 0000918541-26-000057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | EFFECT | $3.36 | awaiting T+60 | — | $3.51 (+4.46%) |
Oct 15, 2026 12d ago | Press Release | $3.41 | awaiting T+60 | — | $3.51 (+2.93%) |
Oct 13, 2026 14d ago | S-3 | $3.46 | awaiting T+60 | — | $3.51 (−1.59%) |
Oct 8, 2026 19d ago | 8-K | $4.01 | awaiting T+60 | — | $3.51 (−12.47%) |
Oct 5, 2026 22d ago | 8-K | $4.04 | awaiting T+60 | — | $3.51 (+13.12%) |
Sep 22, 2026 5w ago | Press Release | $3.86 | awaiting T+60 | — | $3.51 (−9.07%) |
Sep 22, 2026 5w ago | 8-K | $3.86 | awaiting T+60 | — | $3.51 (−9.07%) |
Aug 20, 2026 9w ago | 8-K | $3.81 | awaiting T+60 | — | $3.51 (−7.87%) |
Jul 31, 2026 12w ago | 8-K | $3.31 $3.36 | ▲ +1.51% | ▼ −0.94% | $3.51 (+6.04%) |
Jul 22, 2026 13w ago | EFFECT | $3.45 $3.49 | ▼ −1.16% | ▲ +2.10% | $3.51 (−1.74%) |
US Market Status
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