---
schema_version: "secwatch.filing_event.v1"
accession: "0001089063-22-000112"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2022-07-11T23:59:59+00:00"
generated_at: "2026-06-24T17:14:07.167303+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DICK'S Sporting Goods exchanges $50M of convertible notes for cash and stock; reduces annual interest by $1.625M

## Summary
- Exchanged $50M aggregate principal of 3.25% Convertible Senior Notes due 2025 for cash and common stock.
- After exchange, $375M of notes remain outstanding; annual interest payments reduced by $1.625M.
- Entered partial unwind of convertible note hedge and warrant transactions tied to the exchanged notes.
- Shares to be issued to noteholders based on VWAP averaging period commencing July 11, 2022.
- No early termination penalties incurred on the hedge or warrant unwind agreements.

## SEC filing metadata
- accession: 0001089063-22-000112
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2022-07-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000112/0001089063-22-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000112/dks-20220708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001089063-22-000112
- JSON: https://secwatch.observer/filing/0001089063-22-000112.json
- Plain text: https://secwatch.observer/filing/0001089063-22-000112.txt

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