{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-427316","form_type":"8-K","ticker":"SWBI","cik":"0001092796","company_name":"SMITH & WESSON BRANDS, INC.","filed_at":"2026-10-21T13:05:18+00:00","discovered_at":"2026-10-21T13:06:00.588752+00:00","generated_at":"2026-10-21T13:06:06.616184+00:00","sec_items":["1.01","2.01","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.82,"calibrated_materiality_score":0.82,"confidence":"high","headline":"Smith & Wesson closes $160M Savage Arms buy; sees $0.10/share annual accretion after synergies","bullets":["Deal closed Oct 21, 2026: base value $160.0M, adjusted to ~$164.9M; consideration was 8,993,968 SWBI shares at $13.62 plus $42.4M cash (press release cites $37.5M cash).","Savage posted ~$160M net sales for the 12 months ended Sept 30, 2026; price equals ~7.9x Adjusted EBITDA after $2.5M of expected run-rate synergies.","Expected ~$18M of incremental EBITDAS annually; EPS accretion of $0.04 in remainder of FY2027, $0.07 full year, ~$0.10 after synergies, excluding acquisition accounting.","JDH Capital becomes largest holder at 16.7% of shares outstanding; Michael D. Fertitta named to the now seven-member board and its Nominations and Corporate Governance Committee.","Seller lock-up releases in three equal installments at 90, 240 and 360 days; SWBI to file a resale S-3 within 60 days, and pro forma leverage is 1.16x."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-427316","json":"https://secwatch.observer/filing/0001193125-26-427316.json","markdown":"https://secwatch.observer/filing/0001193125-26-427316.md","text":"https://secwatch.observer/filing/0001193125-26-427316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/0001193125-26-427316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/d166089d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-21T13:06:06.616184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e47e49020e","claim":"Michael D. Fertitta was appointed as Director at SMITH & WESSON BRANDS, INC..","evidence_excerpt":"In accordance with the Merger Agreement and the Investor Rights Agreement, effective immediately following the Closing, the Board appointed Michael D. Fertitta, the Seller’s designee, as a director, to serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/0001193125-26-427316-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}