secwatch.observer — SEC 8-K summary
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Issuer:     SunOpta Inc. (STKL)
CIK:        0000351834
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001062993-23-019477
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SunOpta sells frozen fruit assets for $141M, reports preliminary Q3 revenue ~$152M (+6% YoY), appoints Greg Gaba as CFO.
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- Sold frozen fruit assets to Nature's Touch for $141M (incl. $20M seller notes); net proceeds to reduce debt.
- Preliminary Q3 2023 revenue from continuing ops ~$152M (+6% YoY); adjusted EBITDA ~$18.5-19M.
- CFO Scott Huckins resigns effective Oct 13; Greg Gaba (Deputy CFO) promoted to CFO.
- One-time special cash incentives: Jill Barnett $750k, Scott Huckins $500k for deal completion; Barnett retention bonus $500k.
- Net leverage reduced from 3.7x to 3.4x pro forma; to 3.2x after seller note collection.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351834/000106299323019477/0001062993-23-019477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351834/000106299323019477/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-019477

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