secwatch.observer — SEC 8-K summary
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Issuer:     SKECHERS USA INC (—)
CIK:        0001065837
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001193125-25-201846
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3G Capital completes $63/sh ($57+unit) acquisition of Skechers; shares cease trading on NYSE
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- Merger consideration: $63 cash per share or $57 cash plus one Parent unit; shares ceased trading Sept 12, 2025.
- New debt issued: €1B 5.25% Senior Secured Notes due 2032, $2.2B 10%/10.75% PIK Toggle Notes due 2033, and $3.005B Term Loan plus $1.6B Revolver.
- CEO Robert Greenberg and President Michael Greenberg remain in their roles post-closing.
- Five directors resigned; Merger Sub directors became directors of the surviving corporation.
- RSAs and RSUs converted to cash; PSAs replaced with Class P units retaining service-based vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065837/000119312525201846/0001193125-25-201846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065837/000119312525201846/d41926d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-201846

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer