Centrus Energy (LEU) Extends Tax-Protection Rights Plan to 2029

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

Centrus Energy Corp. (LEU) announced on June 18, 2026 that its stockholders approved an extension of the company's Section 382 Rights Agreement at its 2026 annual meeting. The seventh amendment to the plan pushes its expiration date to June 30, 2029. The plan is designed to protect the company's net operating loss carryforwards — past losses that can be used to reduce future tax bills — from being wiped out by large shifts in stock ownership.

Centrus Energy Corp. (NYSE American: LEU) said on June 18, 2026 that its stockholders voted to extend the company's Section 382 Rights Agreement, a type of plan companies use to guard valuable tax assets from being lost due to big changes in who owns their stock.

What Is the Rights Plan?

The Rights Agreement is sometimes called a "poison pill" for tax purposes. It is not designed to block takeovers, but rather to discourage any single investor from building up a large enough stake to trigger what the tax rules call an "ownership change." Under U.S. federal tax law (specifically Section 382 of the Internal Revenue Code), if a company undergoes an ownership change, its ability to use past losses — known as net operating loss carryforwards (NOLs) — to offset future taxable income can be sharply limited or eliminated entirely.

An "ownership change," as defined under Section 382, generally occurs when stockholders who each own 5% or more of the company collectively increase their ownership by more than 50 percentage points over any rolling three-year period.

What Changed?

This is the seventh time Centrus has amended the plan. According to the filing, the latest amendment extends the Rights Plan through June 30, 2029. Stockholder approval was obtained at Centrus's 2026 annual meeting, also held on June 18, 2026. The company noted that similar plans have been adopted by other public companies that carry significant NOLs.

Centrus said it plans to file a full Current Report on Form 8-K (a filing companies use to report major news) and an amendment to its Registration Statement on Form 8-A with the Securities and Exchange Commission for additional details.

Key facts

Centrus Energy Corp. (NYSE American: LEU) extended its Section 382 Rights Agreement on June 18, 2026.

The extension was approved by stockholders at the company's 2026 annual meeting, held June 18, 2026.

This is the seventh amendment to the Rights Plan.

The amended Rights Plan runs through June 30, 2029.

The plan protects the company's net operating loss carryforwards (NOLs) from being limited under Section 382 of the Internal Revenue Code.

An 'ownership change' under Section 382 occurs if 5%-or-greater stockholders collectively increase ownership by more than 50 percentage points over a rolling three-year period.

CIK: 0001065059; Form 8-K filed June 18, 2026.

Why it matters

Centrus Energy's NOLs represent a potentially significant future tax shield — the ability to offset taxable income from uranium fuel sales and enrichment operations against past losses, which could meaningfully reduce cash taxes owed. Extending the Rights Plan through 2029 helps preserve that asset by making it harder for any investor group to inadvertently (or deliberately) trigger an ownership change that would cap how much of those losses the company can use each year. For retail investors, this is largely a defensive, housekeeping move: it doesn't change business operations, but it does protect a financial cushion that could matter as Centrus ramps up its enrichment and fuel supply business in coming years.

Frequently asked

What is the Section 382 Rights Agreement that Centrus Energy extended?

It is a plan designed to protect the company's past tax losses — called net operating loss carryforwards (NOLs) — by discouraging large shifts in stock ownership that could, under U.S. tax law, limit the company's ability to use those losses to reduce future tax bills.

How long does the extended Rights Plan last?

The seventh amendment extends the Rights Plan through June 30, 2029.

Who approved the extension?

Centrus Energy's stockholders approved the extension at the company's 2026 annual meeting, which was held on June 18, 2026.

What triggers the ownership-change rule that the plan is trying to prevent?

Under Section 382 of the Internal Revenue Code, an ownership change occurs if stockholders who each own 5% or more of the company collectively increase their ownership by more than 50 percentage points over any rolling three-year period. If that happens, the company's ability to use its past losses for tax purposes can be severely limited.

What the filing reported

1.01 Entry into a Material Agreement

3.03 Other reported item

5.02 Departure/Election of Directors or Officers

5.07 Other reported item

9.01 Financial Statements & Exhibits