secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001193125-23-288461
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez amends credit agreement to $25M; restricts dividends and buybacks through Dec 2024
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- Credit limit reduced to $25M through December 1, 2024 (previously higher).
- EBITDA maintenance covenant: not less than $9M (Oct 2023), $2.5M (Feb 2024), $9M (May 2024), $12M (Aug 2024), $20M (Nov 2024).
- Borrowing rate set at SOFR plus 1.75% per annum; unused commitment fee 0.50% per annum.
- Dividends and stock repurchases disallowed without Wells Fargo approval through December 1, 2024.
- Amendment dated November 30, 2023 with Wells Fargo Bank, N.A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000119312523288461/0001193125-23-288461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000119312523288461/d623178d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-288461

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