---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-005233"
form_type: "8-K"
ticker: "NATH"
cik: "0000069733"
company_name: "NATHANS FAMOUS, INC."
filed_at: "2026-01-21T23:59:59+00:00"
generated_at: "2026-05-16T09:24:22.407218+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nathan's Famous agrees to be acquired by Smithfield Foods for $102.00 per share in cash

## Summary
- Smithfield Foods to acquire Nathan's Famous for $102.00 per share in cash; total value not disclosed.
- Stockholders holding ~29.9% of shares agreed to vote in favor via Voting Agreement.
- Closing subject to stockholder approval, HSR waiting period, and CFIUS clearance.
- Termination fee: $10.6M payable by Nathan's if it accepts superior proposal; $7.4M by Buyer if CFIUS turndown.
- CEO Eric Gatoff ($3.25M) and CFO Robert Steinberg ($1.05M) get retention bonuses contingent on closing.

## SEC filing metadata
- accession: 0001104659-26-005233
- form_type: 8-K
- ticker: NATH
- cik: 0000069733
- company_name: NATHANS FAMOUS, INC.
- filed_at: 2026-01-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69733/000110465926005233/0001104659-26-005233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69733/000110465926005233/tm263713d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-005233
- JSON: https://secwatch.observer/filing/0001104659-26-005233.json
- Plain text: https://secwatch.observer/filing/0001104659-26-005233.txt

## Key facts
- Material Agreements
  NATHANS FAMOUS, INC. entered into Agreement and Plan of Merger with Smithfield Foods, Inc. and Boardwalk Merger Sub Inc. (effective 2026-01-20).
  - Action: entry
  - Agreement: merger
  - Counterparty: Smithfield Foods, Inc. and Boardwalk Merger Sub Inc.
  - Effective: 2026-01-20
  source text: On January 20, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Buyer and Boardwalk Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Buyer (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/69733/000110465926005233/0001104659-26-005233-index.htm

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