secwatch.observer — SEC 8-K summary
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Issuer:     GEN Restaurant Group, Inc. (GENK)
CIK:        0001891856
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001193125-23-205036
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEN Restaurant Group signs 3-year master services agreement with Sysco; commits $40M minimum annual purchases
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- Agreement with Sysco Los Angeles Inc. for food products distribution to GENK restaurants.
- Minimum annual purchase volume of $40,000,000; 3-year initial term with automatic renewal for two one-year terms.
- Pricing based on cost-plus margin or market pricing; GENK commits to buy at least 80% of dollar volume from Sysco.
- Agreement includes delivery limits (2/week), proprietary product cap (60 items), and 45/30-day payment terms.
- Effective August 1, 2023; filed as Exhibit 10.1 with confidential portions redacted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891856/000119312523205036/0001193125-23-205036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891856/000119312523205036/d493758d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-205036

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