secwatch.observer — SEC 8-K summary
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Issuer:     WINMARK CORP (WINA)
CIK:        0000908315
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0000908315-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Winmark Q1 net income $9.85M ($2.65 EPS) vs $9.31M ($2.40) prior year; dividend raised to $0.70/share
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- Q1 net income $9.85M, diluted EPS $2.65 vs $9.31M, $2.40 YoY.
- Quarterly dividend increased by $0.25 to $0.70/share, payable June 1, 2022 to holders of record May 11, 2022.
- Entered $30M delayed draw term loan facility; revolving commitment reduced to $20M, extended to April 2027.
- New $100M private shelf agreement with Prudential; $46.6M existing notes outstanding.
- Drew $15M at 4.60% to pay down revolver and increase cash balances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908315/000090831522000016/0000908315-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908315/000090831522000016/c315-20220412x8k.htm
  HTML page:      https://secwatch.observer/filing/0000908315-22-000016

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