---
schema_version: "secwatch.filing_event.v1"
accession: "0001089063-22-000106"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:11:36.791756+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DICKS Sporting Goods exchanges $50M of convertible notes for cash and equity; cuts annual interest $1.625M

## Summary
- Exchanged $50M aggregate principal of 3.25% convertible notes due 2025 for cash and common stock.
- Annual interest payments reduced by $1.625M; ~$425M of notes remain outstanding (~89.5% of original).
- Partially unwound related convertible note hedge and warrant transactions in connection with the exchange.
- Share count determined by VWAP averaging period starting June 24, 2022; shares issued unregistered under Securities Act.
- Exchange covers ~10.5% of outstanding notes; company used HudsonWest LLC as financial advisor.

## SEC filing metadata
- accession: 0001089063-22-000106
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000106/0001089063-22-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000106/dks-20220623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001089063-22-000106
- JSON: https://secwatch.observer/filing/0001089063-22-000106.json
- Plain text: https://secwatch.observer/filing/0001089063-22-000106.txt

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