Form 4: FARO Technologies CFO Disposes of Shares in AMETEK Merger for $44 Per Share

FARO Technologies' SVP & Chief Financial Officer, Matthew Horwath, disposed of all his common stock and restricted stock units for $44.00 per share in cash following the company's merger with a subsidiary of AMETEK, Inc.

Summary

• Matthew Horwath, SVP & Chief Financial Officer of FARO Technologies, Inc., reported the disposition of his beneficial ownership in the company.
• The disposition occurred on July 21, 2025, in connection with the merger of a wholly owned subsidiary of AMETEK, Inc. with and into FARO Technologies, Inc.
• Horwath disposed of 39,264 shares of common stock.
• He also disposed of 41,018 restricted stock units (RSUs) and performance share units.
• All common stock, RSUs, and performance share units were canceled and converted into the right to receive $44.00 in cash per share/unit.
• Following these transactions, Matthew Horwath holds 0 shares of common stock and 0 restricted stock units in FARO Technologies, Inc.

Sentiment

Score: 7

Explanation: The sentiment is positive for shareholders as the merger provides a definitive cash exit at a pre-determined value, indicating a successful liquidity event. For the company, it marks the end of its independent public status.

Positives

• The merger provides a clear cash exit for shareholders at a fixed price of $44.00 per share.
• The transaction represents the successful completion of a strategic acquisition, offering liquidity to shareholders.

Negatives

• FARO Technologies, Inc. will no longer be an independent publicly traded entity following the merger.

Future Outlook

The document primarily reports a completed transaction related to a merger, and as such, does not provide forward-looking statements or guidance for FARO Technologies as an independent entity.

Industry Context

The acquisition of FARO Technologies by AMETEK, Inc. reflects ongoing consolidation trends in the industrial technology and measurement solutions sectors, where larger entities seek to expand their product portfolios and market reach through strategic acquisitions.

Comparison to Industry Standards

• The cash consideration of $44.00 per share for FARO Technologies is a specific merger price and its assessment against industry standards would require detailed analysis of comparable M&A transactions in the industrial measurement and imaging sector, considering factors like revenue multiples, EBITDA multiples, and control premiums paid in similar deals (e.g., acquisitions of companies like Hexagon AB's various acquisitions, or other players in 3D measurement and imaging like Creaform or GOM).

Stakeholder Impact

• Shareholders: Receive $44.00 in cash per share/unit, providing a clear liquidity event and return on investment.
• Employees: The merger may lead to integration efforts and potential changes in organizational structure under AMETEK's ownership.
• Customers: May experience changes in product offerings, support, or branding as FARO integrates into AMETEK.

Key Dates

Keywords

FARO Technologies, AMETEK, Merger, Acquisition, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock Units, Cash Payout, Corporate Action