{"schema_version":"secwatch.filing_event.v1","accession":"0000062234-24-000031","form_type":"8-K","ticker":"MCS","cik":"0000062234","company_name":"MARCUS CORP","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.677269+00:00","generated_at":"2026-06-02T07:29:32.304044+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Marcus to repurchase $40M of 5% convertible notes due 2025 for ~$47M cash; expects $6.4M from capped call unwind","bullets":["Entered purchase agreements with holders to exchange $40.0M aggregate principal of 5.00% Convertible Senior Notes due 2025 for cash, expected to close June 14, 2024.","Aggregate cash repurchase price estimated at ~$47.0M (or ~$40.6M net of ~$6.4M from capped call unwind), based on a VWAP of $11.17.","Company also entered unwind agreements to terminate a portion of Existing Capped Call Transactions, receiving ~$6.4M in cash for settlement.","Holders may engage in open-market hedging activities that could affect trading prices of common stock and the Notes.","Purchase price is subject to adjustment based on VWAP of MCS common stock during the measurement period."],"urls":{"canonical":"https://secwatch.observer/filing/0000062234-24-000031","json":"https://secwatch.observer/filing/0000062234-24-000031.json","markdown":"https://secwatch.observer/filing/0000062234-24-000031.md","text":"https://secwatch.observer/filing/0000062234-24-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/62234/000006223424000031/0000062234-24-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/62234/000006223424000031/mcs-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:29:32.304044+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}