1. NNBR's Board formed a Strategic Committee to enhance shareholder value. 2. The Committee will evaluate various strategic and financial alternatives. 3. NNBR has a new sales pipeline worth over $800 million. 4. The review aims to identify avenues for unlocking shareholder value. 5. No specific outcomes or timeline for the review have been determined.
FAQ
Why Bullish?
The formation of a Strategic Committee suggests proactive management, aiming to unlock shareholder value, similar to past successful strategies in improving shareholder returns for industrial companies like NNBR's peers.
How important is it?
The strategic review signals significant potential shifts in company strategy and operations, greatly influencing market perception and possibly the stock price.
Why Long Term?
Strategic reviews typically take time; positive outcomes can lead to long-term growth and stability, as seen with other companies that have engaged in similar evaluations.
NN, Inc. Forms Strategic Committee to Enhance Shareholder Value
CHARLOTTE, N.C., December 12, 2025 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global leader in manufacturing high-precision components and assemblies, has officially announced the formation of a Strategic Committee within its Board of Directors. This committee will focus on reviewing various strategic and financial alternatives to significantly enhance shareholder value.
Strategic Committee Overview
The newly formed Strategic Committee is composed of three independent directors: Raynard Benvenuti, Jeri Harman, and Thomas Wilson. Their primary responsibility is to evaluate a wide range of strategic, financial, and business configuration options. In support of this endeavor, the Board has engaged Houlihan Lokey, a prominent independent investment bank, to serve as the Company's financial advisor.
Commitment to Shareholder Value
Ms. Jeri Harman, the independent Chair of NN, remarked, “The Board’s decision to form a Strategic Committee reflects our commitment to maximizing value for NN’s shareholders and evaluating potential avenues to achieve this objective.” Harman highlighted past achievements, stating:
- Strengthened executive team and strategic focus
- Expanded operating income and EBITDA
- Established a new sales pipeline exceeding $800 million
- Secured approximately $200 million in new business
- Diversified into the medical and data center markets
- Developed a robust M&A pipeline
She emphasized that these accomplishments have significantly improved the Company's earnings quality and enhanced its free cash flow generation profile, making this an opportune time to explore new methods for unlocking shareholder value.
Continued Focus on Growth and Transformation
Harold Bevis, President and Chief Executive Officer of NN, stated, “As the Committee conducts its review, the Company remains focused on advancing its transformation plan and delivering the high-quality products, engineering support, and service that our customers expect from NN.”
Future Outlook and Timeline
While NN, Inc. is proactive in its strategic exploration, there is no assurance that the review process will yield specific results. Currently, the Company has not established a timetable for the review's completion and does not plan to provide updates until a specific course of action is approved by the Board.
About NN, Inc.
NN, Inc. is a global diversified industrial company that merges advanced engineering and production capabilities with deep materials science expertise to produce high-precision components for various markets worldwide. The Company is headquartered in Charlotte, North Carolina, and operates facilities across North America, Europe, South America, and China. For more information about NN, Inc. and its product offerings, please visit www.nninc.com.
Forward-Looking Statements
This release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements may include expectations regarding the strategic review's timing and outcomes, and they are inherently subject to risks and uncertainties. Factors that might cause actual results to differ include general economic conditions, material changes in raw material costs, levels of indebtedness, and potential cybersecurity liabilities.
Investor Relations Contact
For further inquiries, investors can reach out to Joseph Caminiti or Stephen Poe at NNBR@alpha-ir.com or call 312-445-2870.