secwatch.observer — SEC 8-K summary
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Issuer:     NATHANS FAMOUS, INC. (NATH)
CIK:        0000069733
Form:       8-K
Filed at:   2026-10-26T13:00:49+00:00
Accession:  0001104659-26-118639
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69733/000110465926118639/0001104659-26-118639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69733/000110465926118639/tm2628126d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-118639

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