secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2022-01-25T23:59:59+00:00
Accession:  0001104659-22-007427
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods reprices term loans, reduces interest rate and transitions to SOFR
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- Repricing Amendment lowers Applicable Rate on Initial Term Loans and resets prepayment premium for six months.
- Credit Agreement amended to implement SOFR-based interest rate provisions.
- Existing Term Lenders convert, sell loans, or assign; Barclays acts as Replacement Lender.
- Board adopted amended Executive Severance Plan; no change to payout formulas.
- At annual meeting, all director nominees elected; say-on-pay received 18.9M against votes (~21% of votes cast).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000110465922007427/0001104659-22-007427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000110465922007427/tm224221d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-007427

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