# ELECTRO SENSORS INC (ELSE) — merger [completed]
Source: SEC API (secapi.ai) · situation sit_1b42ab6bc6e3b9b5d3d4 · retrieved 2026-08-11T16:16:03.939Z

## Overview
Electro-Sensors, Inc. manufactures industrial instruments for measurement, display, and control.

On July 30, 2026, Electro-Sensors, Inc. completed its merger with Steute Burwell, Inc. (a wholly owned subsidiary of steute Industrial Controls, Inc.), with Electro-Sensors surviving as a wholly owned subsidiary of the parent. Each outstanding share of Electro-Sensors common stock was converted into the right to receive $7.75 in cash. All outstanding compensatory options became fully vested and were canceled in exchange for cash equal to $7.75 per share less the exercise price, and all outstanding restricted stock units became fully vested and were converted into cash equal to the product of the number of underlying shares multiplied by $7.75. As a result of the merger, Electro-Sensors' common stock ceased trading on the Nasdaq Capital Market on July 30, 2026.

## Terms
- Counterparty: steute Industrial Controls, Inc. · Consideration: cash · Price/share: $7.75

## Key dates
- Announced 2026-07-27 · Record 2026-06-10 · Vote 2026-07-21 · Completed 2026-07-30

## Timeline
- 2026-07-27 · 8-K (0000897101-26-000335): 8-K - ELECTRO SENSORS INC — *Electro-Sensors, Inc. manufactures industrial instruments for measurement, display, and control.* On July 21, 2026, Electro-Sensors, Inc. held a special shareholder meeting to vote on a merger with steute Industrial Controls, Inc. (Parent) and its subsidiary Steute Burwell, Inc. (Merger Sub). Under the Agreement and Plan of Merger dated April 20, 2026, Merger Sub will merge with and into Electro-Sensors, with Electro-Sensors continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent. Shareholders approved the Merger Proposal with 2,339,552 votes in favor, 5,382 against, and 27,021 abstentions. The merger remains subject to satisfaction or waiver of remaining closing conditions.
  https://www.sec.gov/Archives/edgar/data/351789/0000897101-26-000335.txt
- 2026-07-31 · 8-K (0001140361-26-030505): 8-K - ELECTRO SENSORS INC — *Electro-Sensors, Inc. manufactures industrial instruments for measurement, display, and control.* On July 30, 2026, Electro-Sensors, Inc. completed its merger with Steute Burwell, Inc. (a wholly owned subsidiary of steute Industrial Controls, Inc.), with Electro-Sensors surviving as a wholly owned subsidiary of the parent. Each outstanding share of Electro-Sensors common stock was converted into the right to receive $7.75 in cash. All outstanding compensatory options became fully vested and were canceled in exchange for cash equal to $7.75 per share less the exercise price, and all outstanding restricted stock units became fully vested and were converted into cash equal to the product of the number of underlying shares multiplied by $7.75. As a result of the merger, Electro-Sensors' common stock ceased trading on the Nasdaq Capital Market on July 30, 2026.
  https://www.sec.gov/Archives/edgar/data/351789/0001140361-26-030505.txt

## Citations
- 0000897101-26-000335 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000089710126000335
- 0001140361-26-030505 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126030505