secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001193125-23-024121
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith & Wesson signs $114.5M design-build contract for TN HQ; restructures lease guaranty
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- Amended and restated guaranty adds Smith & Wesson Sales as guarantor for Missouri lease; effective Jan 31, 2023.
- Lease assignment from SW Sales to American Outdoor Brands effective Jan 1, 2024, subject to Boone County approval.
- Design-build contract with Christman for Maryville, TN facility; guaranteed max price $114,533,853.
- Total project cost expected to exceed $120M due to inflation and supply chain issues.
- Conditions for lease assignment include receipt of landlord release and delivery of incentive documents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523024121/0001193125-23-024121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523024121/d426582d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-024121

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