secwatch.observer — SEC 8-K summary
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Issuer:     RAVE RESTAURANT GROUP, INC. (RAVE)
CIK:        0000718332
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001140361-22-046837
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rave Restaurant Group repurchases 2.25M shares from Hallmark Financial for $3.6M
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- Repurchased 2,246,086 shares at $1.60 per share, aggregate purchase price $3,593,738.
- Price per share equaled average closing price of RAVE common stock over preceding 15 trading days.
- Transaction approved by Audit Committee (all independent directors); Chairman Mark E. Schwarz recused due to his role at Hallmark.
- Shares were held by wholly owned subsidiaries of Hallmark: American Hallmark Insurance, Hallmark Insurance, and Hallmark Specialty Insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718332/000114036122046837/0001140361-22-046837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718332/000114036122046837/brhc10045894_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-046837

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