---
schema_version: "secwatch.filing_event.v1"
accession: "0000029332-23-000096"
form_type: "8-K"
ticker: "DXYN"
cik: "0000029332"
company_name: "DIXIE GROUP INC"
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:16:28.632836+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dixie Group completes $16.25M sale-leaseback of Adairsville facility; expects after-tax gain over $8M

## Summary
- Sale price $16.25M to affiliate of Cannon Commercial; $10.4M RGA loan assumed by purchaser.
- After-tax gain expected to exceed $8M; total debt reduced by approx. $16M.
- 10-year net lease: $1.5M annual rent (years 1-5), $1.6M (years 6-10); two 5-year renewal options.
- Company retains right of first refusal to repurchase property on any bona fide third-party offer.

## SEC filing metadata
- accession: 0000029332-23-000096
- form_type: 8-K
- ticker: DXYN
- cik: 0000029332
- company_name: DIXIE GROUP INC
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29332/000002933223000096/0000029332-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29332/000002933223000096/dxyn-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000029332-23-000096
- JSON: https://secwatch.observer/filing/0000029332-23-000096.json
- Plain text: https://secwatch.observer/filing/0000029332-23-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.