secwatch.observer — SEC 8-K summary
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Issuer:     JACK IN THE BOX INC (JACK)
CIK:        0000807882
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0000807882-25-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jack in the Box adopts poison pill with 12.5% trigger after Biglari accumulates 9.9% stake
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- Rights plan triggered if any person acquires 12.5%+ of common stock; Biglari owns 9.9% and intends to increase.
- Rights expire July 1, 2026 (or July 1, 2028 if ratified by stockholders).
- Each right initially allows purchase of 1/1000th share of preferred stock at $90 exercise price.
- If triggered, rights holders (except acquiring person) may buy shares at 50% discount or exchange each right for one common share.
- Board states plan protects long-term value and allows time to execute 'JACK on Track' strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807882/000080788225000035/0000807882-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807882/000080788225000035/jack-20250701.htm
  HTML page:      https://secwatch.observer/filing/0000807882-25-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer