secwatch.observer — SEC 8-K summary
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Issuer:     NATHANS FAMOUS, INC. (NATH)
CIK:        0000069733
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001104659-26-005233
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69733/000110465926005233/0001104659-26-005233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69733/000110465926005233/tm263713d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-005233

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