---
schema_version: "secwatch.filing_event.v1"
accession: "0001089063-22-000152"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:16:02.625713+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# DICK'S Sporting Goods exchanges $95.3M convertible notes for stock, reduces interest by $3.1M/yr

## Summary
- Exchange of $95.3M (61.7% of outstanding) 3.25% Convertible Senior Notes due 2025 for cash and common stock.
- Approximately $59M in notes remain outstanding; annual interest expense reduced by about $3.1M.
- Partial and complete unwind of related call options and warrants; company receives shares from counterparties.
- HudsonWest LLC acted as financial advisor on the call spread terminations and exchange transactions.
- Transactions executed on December 7, 2022; settlement based on volume-weighted average stock price during averaging period.

## SEC filing metadata
- accession: 0001089063-22-000152
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000152/0001089063-22-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000152/dks-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001089063-22-000152
- JSON: https://secwatch.observer/filing/0001089063-22-000152.json
- Plain text: https://secwatch.observer/filing/0001089063-22-000152.txt

## Key facts
- Material Agreements
  DICK'S SPORTING GOODS, INC. entered into Partial Early Termination Agreements with a financial institution (the “Hedge Counterparty”) (effective 2022-12-07).
  - Action: entry
  - Counterparty: a financial institution (the “Hedge Counterparty”)
  - Effective: 2022-12-07
  source text: On December 7, 2022, DICK’S Sporting Goods, Inc. (the “Company”) entered into a partial unwind agreement with a financial institution (the “Hedge Counterparty”) relating to a portion of the convertible note hedge transaction (the “Note Hedge Partial Early Termination Agreement”) and a portion of the warrant transaction (the “Warrant Partial Early Termination Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000152/0001089063-22-000152-index.htm
- Material Agreements
  DICK'S SPORTING GOODS, INC. terminated Early Termination Agreements with a certain financial institution (the “Early Termination Hedge Counterparty”) (effective 2022-12-07).
  - Action: termination
  - Counterparty: a certain financial institution (the “Early Termination Hedge Counterparty”)
  - Effective: 2022-12-07
  source text: On December 7, 2022 , the Company entered into complete unwind agreements with a certain financial institution (the “Early Termination Hedge Counterparty”) relating to a portion of the convertible note hedge transaction (the “Note Hedge Early Termination Agreement”) and a portion of the warrant transaction (the “Warrant Early Termination Agreement”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089063/000108906322000152/0001089063-22-000152-index.htm

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