Smithfield Foods completes $102.00/share cash buyout of Nathan's Famous; NATH to delist

NATHANS FAMOUS, INC.

Merger closed October 26, 2026 under the January 20, 2026 agreement; Nathan's became a wholly-owned subsidiary of Smithfield Foods via Boardwalk Merger Sub.
Each outstanding share converted into $102.00 in cash, without interest, less withholding; appraisal-rights shares excluded.
Stock options cashed out at the excess of $102.00 over exercise price; RSUs fully vested (performance at target) and settled at $102.00 per share.
Nathan's asked Nasdaq to suspend trading and file Form 25, and intends a Form 15 to end Exchange Act registration and reporting.
July 10, 2024 Citibank-agent credit agreement terminated, with all principal, interest and fees paid in full; all 10 directors replaced by C. Shane Smith.

item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

Featured in Daily 8-K Digest

Selected #4 for 2026-10-26. Read digest

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.