---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-072273"
form_type: "8-K"
ticker: "SMPL"
cik: "0001702744"
company_name: "Simply Good Foods Co"
filed_at: "2024-06-17T23:59:59+00:00"
generated_at: "2026-06-01T04:08:12.187585+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Simply Good Foods completes $280M acquisition of plant-based RTD shake brand OWYN

## Summary
- Acquired 100% of OWYN for $280M in cash, funded by $250M incremental term loan and balance sheet cash.
- OWYN expected to generate ~$120M net sales in calendar 2024; fastest-growing RTD protein shake brand.
- Targeting net debt to Adjusted EBITDA ratio of ~1.25x by fiscal year-end August 2024.
- Base business (ex-OWYN) on track with prior FY2024 outlook; full-year guidance update on June 27 earnings call.
- Total term loan debt of $490M post-close; incremental portion priced at par with SOFR+2.75% all-in margin.

## SEC filing metadata
- accession: 0001104659-24-072273
- form_type: 8-K
- ticker: SMPL
- cik: 0001702744
- company_name: Simply Good Foods Co
- filed_at: 2024-06-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702744/000110465924072273/0001104659-24-072273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702744/000110465924072273/tm2417264d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-072273
- JSON: https://secwatch.observer/filing/0001104659-24-072273.json
- Plain text: https://secwatch.observer/filing/0001104659-24-072273.txt

## Key facts
- M&A Transactions
  Simply Good Foods Co completed an acquisition involving Only What You Need, Inc. for $280,000,000 (closed 2024-06-13).
  - Action: acquisition
  - Counterparty: Only What You Need, Inc.
  - Consideration: $280,000,000
  - Closing: 2024-06-13
  source text: On June 13, 2024, pursuant to the Purchase Agreement, Simply USA completed the acquisition (the “ Acquisition ”) of the Target by acquiring 100% of the equity interests of the Target for a cash purchase price of $280,000,000 (subject to customary adjustments for the Target’s levels of cash, indebtedness, net working capital and transaction expenses as of the closing).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702744/000110465924072273/0001104659-24-072273-index.htm

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