---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-226784"
form_type: "8-K"
ticker: "FLO"
cik: "0001128928"
company_name: "FLOWERS FOODS INC"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:21:31.692072+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flowers Foods settles class action for $55M fund and ~$50M territory buyback

## Summary
- Resolves Ludlow et al. class action; no admission of liability.
- $55M common fund for ~475 plaintiffs, fees, and settlement costs.
- Phased repurchase of ~350 distribution territories in California; net cost ~$50M.
- Settlement expense recorded in quarter ending Oct 7, 2023; payment from existing cash.
- Territory repurchases anticipated to be completed by Q4 of Fiscal 2024.

## SEC filing metadata
- accession: 0001193125-23-226784
- form_type: 8-K
- ticker: FLO
- cik: 0001128928
- company_name: FLOWERS FOODS INC
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128928/000119312523226784/0001193125-23-226784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128928/000119312523226784/d533690d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-226784
- JSON: https://secwatch.observer/filing/0001193125-23-226784.json
- Plain text: https://secwatch.observer/filing/0001193125-23-226784.txt

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