---
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"
generated_at: "2026-06-02T07:29:32.304044+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marcus to repurchase $40M of 5% convertible notes due 2025 for ~$47M cash; expects $6.4M from capped call unwind

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062234-24-000031
- JSON: https://secwatch.observer/filing/0000062234-24-000031.json
- Plain text: https://secwatch.observer/filing/0000062234-24-000031.txt

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