---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-118639"
form_type: "8-K"
ticker: "NATH"
cik: "0000069733"
company_name: "NATHANS FAMOUS, INC."
filed_at: "2026-10-26T13:00:49+00:00"
generated_at: "2026-10-26T13:02:05.150352+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-118639
- form_type: 8-K
- ticker: NATH
- cik: 0000069733
- company_name: NATHANS FAMOUS, INC.
- filed_at: 2026-10-26T13:00:49+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69733/000110465926118639/0001104659-26-118639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69733/000110465926118639/tm2628126d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-118639
- JSON: https://secwatch.observer/filing/0001104659-26-118639.json
- Plain text: https://secwatch.observer/filing/0001104659-26-118639.txt

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