---
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"
generated_at: "2026-10-21T13:06:06.616184+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Smith & Wesson closes $160M Savage Arms buy; sees $0.10/share annual accretion after synergies

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-427316
- JSON: https://secwatch.observer/filing/0001193125-26-427316.json
- Plain text: https://secwatch.observer/filing/0001193125-26-427316.txt

## Key facts
- Executive change
  Michael D. Fertitta was appointed as Director at SMITH & WESSON BRANDS, INC..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/0001193125-26-427316-index.htm

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