Form 4: Heidrick & Struggles Director Disposes Shares in Merger
Merger Completion Report
Stacey Rauch, a Director at Heidrick & Struggles International Inc., disposed of 28,229 shares of common stock for $59.00 per share following the company's merger.
Summary
- Stacey Rauch, a Director of Heidrick & Struggles International Inc. (HSII), reported the disposition of 28,229 shares of common stock.
- The transaction occurred on December 10, 2025, as a result of a merger agreement dated October 5, 2025.
- Merger Sub, a direct wholly-owned subsidiary of Heron BidCo, LLC, merged with and into Heidrick & Struggles International Inc.
- Each outstanding share of Heidrick & Struggles common stock was automatically canceled and converted into the right to receive $59.00 in cash.
- Following this transaction, Stacey Rauch beneficially owns 0 shares of common stock.
Sentiment
Score: 7
Explanation: The sentiment is positive for the reporting person as they received a cash payout for their shares as part of a completed merger, indicating a successful exit for shareholders.
Positives
- The reporting person, Stacey Rauch, received $59.00 per share in cash for her 28,229 shares of common stock, totaling approximately $1,665,491.
Negatives
- The reporting person, Stacey Rauch, no longer holds beneficial ownership of common stock in Heidrick & Struggles International Inc. following the merger.
Future Outlook
Heidrick & Struggles International Inc. has ceased to be an independent publicly traded entity following its merger with Heron Merger Sub, Inc.
Industry Context
This filing reports the completion of a specific corporate acquisition, which is a common event in various industries as companies seek consolidation or strategic exits.
Stakeholder Impact
- Shareholders of Heidrick & Struggles International Inc. received $59.00 per share in cash for their holdings.
Next Steps
- The company's common stock has been canceled, and it is no longer an independent public entity.
Key Dates
| Date | Description |
|---|---|
| 10/05/2025 | Date of the Agreement and Plan of Merger between the Company, Heron BidCo, LLC, and Heron Merger Sub, Inc. |
| 12/10/2025 | Date of the merger completion and the transaction date for the disposition of shares. |
Keywords
Merger, Acquisition, Form 4, Beneficial Ownership, Common Stock, Cash Consideration, Heidrick & Struggles, HSII
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