8-K - Tennant Company | StockGist

AI Analysis

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Tennant Company entered into a cooperation agreement with Vision One Fund, LP and its affiliates, appointing Patrick E. Allen to the Board of Directors and committing to declassify the Board by 2027. The company also appointed James T. Glerum, Jr. as an independent director, expanding the Board to 11 members.

Key Takeaways

1Tennant Company entered into a Cooperation Agreement with Vision One Fund, LP and its affiliates on February 12, 2026.

2Patrick E. Allen was appointed to the Board as a Class II director effective February 12, 2026, with a term expiring at the 2027 annual meeting.

3James T. Glerum, Jr. was appointed to the Board as a Class III director effective February 12, 2026, with a term expiring at the 2028 annual meeting.

4The Board committed to take action to approve and recommend an amendment to declassify the Board and provide for annual director elections by the earlier of the 2027 annual meeting or sixteen months after the Cooperation Agreement date.

5Vision One Parties agreed to customary standstill restrictions, voting commitments, and other obligations until the Expiration Date.

6Vision One Parties beneficially own 344,585 shares of Tennant Company common stock as of the agreement date.

Current Report Details

Event Type

Material Agreement

Management Change

Regulation Fd

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

of this Current Report on Form 8-K (the “Form 8-K”) is incorporated herein by reference. Item 7.01. Regulation FD Disclosure. On February 12, 2026, the Company

Material Agreement

Source Document

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February

Management Change

7.01

to this Form 8-K. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Cooperation Agreement, dated as of February 12, 2026, by and among Tennant Co

Regulation Fd

Executive & Director Changes

Patrick E. Allen

Class II director

Appointed

Effective: 2026-02-12

Pursuant to Cooperation Agreement with Vision One Parties

James T. Glerum, Jr.

Class III director

Appointed

Effective: 2026-02-12

Not specified in document

Transaction Details

Material Agreement

Agreement: Cooperation Agreement
Parties: Tennant Company, Vision One Fund, LP and its affiliates

•Appointment of Patrick E. Allen to Board of Directors
•Board size limited to 11 directors until Expiration Date
•Commitment to declassify Board and provide for annual director elections by earlier of 2027 annual meeting or sixteen months after agreement date
•Vision One Parties agreed to standstill restrictions and voting commitments
•Vision One Parties own 344,585 shares of common stock

Exhibits (3)

10.1

EXHIBIT 10.1

8-K

FORM 8-K

99.1

EXHIBIT 99.1