---
schema_version: "secwatch.filing_event.v1"
accession: "0000062234-24-000035"
form_type: "8-K"
ticker: "MCS"
cik: "0000062234"
company_name: "MARCUS CORP"
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:59:38.702655+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marcus Corp to repurchase $46.4M of 5% convertible notes due 2025 for ~$53.9M cash

## Summary
- Exchange of $46.401M aggregate principal of 5% convertible senior notes due 2025 for cash; net cost expected ~$47.4M after $6.5M capped call unwind cash.
- Company entered into unwind agreements for capped call transactions; expects to receive approximately $6.5M in cash settlement.
- Closing expected on July 16, 2024, subject to customary closing conditions.
- Participating note holders may buy or sell common stock to unwind hedges, potentially affecting trading prices of stock and notes.
- Repurchase price based on volume-weighted average stock price; assumes ~$10.68 per share as of June 17, 2024.

## SEC filing metadata
- accession: 0000062234-24-000035
- form_type: 8-K
- ticker: MCS
- cik: 0000062234
- company_name: MARCUS CORP
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/62234/000006223424000035/0000062234-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/62234/000006223424000035/mcs-20240617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062234-24-000035
- JSON: https://secwatch.observer/filing/0000062234-24-000035.json
- Plain text: https://secwatch.observer/filing/0000062234-24-000035.txt

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