NN, Inc. reported second quarter 2026 financial results and announced a $124 million refinancing of its preferred stock. Net sales increased 19.3% to $128.7 million, while adjusted EBITDA rose 36.1% to $17.9 million. The company raised its full-year 2026 net sales guidance to $460–$470 million and adjusted EBITDA guidance to $55–$65 million. The refinancing involved a $89 million payoff, including $70 million from a PIPE transaction and $19 million through equitization to common stock, significantly reducing leverage and annual PIK interest by approximately $13 million. NN operates in the global diversified industrial sector, engineering and manufacturing high-precision components and assemblies.

NN, Inc. entered into a letter agreement with Legion Partners Asset Management, LLC on July 29, 2026, accelerating the vesting of 49,079 restricted shares for director Raymond T. White and waiving Legion's replacement rights under their January 16, 2026 cooperation agreement. This corporate governance adjustment resolves specific board composition obligations between the company and its activist investor. NN, Inc. operates in the industrial manufacturing sector, specializing in engineered components and systems for aerospace, defense, and commercial markets.

On July 23, 2026, NN, Inc. granted performance share units (PSUs) to three key executives under its Amended and Restated Omnibus Incentive Plan. President and CEO Harold Bevis received 250,000 PSUs, COO Tim French received 140,000 PSUs, and CFO Chris Bohnert received 110,000 PSUs. Vesting is contingent upon meeting performance goals for cumulative adjusted EBITDA, free cash flow, net sales, and total shareholder return relative to peers for the period from January 1, 2026, to December 31, 2028. Payouts range from 0% to 200% of the target amount. NN, Inc. is a corporation that provides various business services.

Raymond T. White resigned from the board of directors of NN, Inc. effective July 20, 2026. The company stated the resignation was not due to any disagreements with management, the board, or its committees regarding operations, policies, or practices. NN, Inc. is a company that operates in the consumer goods industry.

On June 30, 2026, NN, Inc. entered into a Securities Purchase Agreement to sell 24,509,804 shares of common stock to institutional investors in a private placement at $3.06 per share. The transaction is expected to close on or about July 2, 2026, providing total gross proceeds of $75.0 million. Craig-Hallum Capital Group LLC served as the placement agent and will receive a fee of approximately 6.0% of gross proceeds. The company also entered into a registration rights agreement to facilitate the resale of these shares. NN, Inc. provides precision components and assemblies for various industrial applications.