---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108293"
form_type: "8-K"
ticker: "SEB"
cik: "0000088121"
company_name: "SEABOARD CORP /DE/"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T03:07:22.624495+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seaboard repurchases 189,724 shares from Bresky affiliates at $3,162.50/share, 13.5% discount to closing price

## Summary
- Total repurchase of 189,724 shares for $600M at $3,162.50 per share; shares retired.
- Price represents 13.5% discount to Oct 6 close and 15.7% discount to 180-day VWAP.
- Funded by cash on hand, sale of marketable securities, and draw on credit facilities.
- Special committee of independent directors approved; Kroll provided fairness opinion.

## SEC filing metadata
- accession: 0001104659-23-108293
- form_type: 8-K
- ticker: SEB
- cik: 0000088121
- company_name: SEABOARD CORP /DE/
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88121/000110465923108293/0001104659-23-108293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88121/000110465923108293/tm2327963d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108293
- JSON: https://secwatch.observer/filing/0001104659-23-108293.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108293.txt

## Key facts
- Material Agreements
  SEABOARD CORP /DE/ entered into Stock Repurchase Agreements with Seaboard Flour LLC, SFC Preferred, LLC, and REP23 LLC (collectively, the Sellers) valued at $600,002,150 (effective 2023-10-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Seaboard Flour LLC, SFC Preferred, LLC, and REP23 LLC (collectively, the Sellers)
  - Value: $600,002,150
  - Effective: 2023-10-09
  source text: On October 9, 2023, Seaboard Corporation (the “ Company ”) entered into three Stock Repurchase Agreements (the “ Repurchase Agreements ”), with the following three separate counterparties: Seaboard Flour LLC, SFC Preferred, LLC, and REP23 LLC (collectively, the “ Sellers ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/88121/000110465923108293/0001104659-23-108293-index.htm

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