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FreightCar terminates poison pill and enters stockholder agreement with OC III
RAILFreightCar America, Inc.
On October 14, 2026, FreightCar America entered into a Stockholder Agreement with OC III LVS XII LP, OC III LVS XXVIII LP, and OC III LFE II LP, which collectively beneficially own approximately 48.8% of the company's outstanding common stock. As part of this agreement, the company terminated its existing Rights Agreement (poison pill), causing the Preferred Stock Purchase Rights to expire effective immediately. The new agreement includes a provision preventing the adoption of future rights plans with an 'Acquiring Person' threshold below 20%, and requires board approval for transfers of shares that would result in a single entity owning more than 20% of the company, subject to specific exceptions for public offerings or affiliate transfers. FreightCar America manufactures and services freight rail cars.