secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2026-10-21T13:05:18+00:00
Accession:  0001193125-26-427316
Event type: m_and_a
Sentiment:  positive
Materiality: 0.82
Item codes: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/0001193125-26-427316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312526427316/d166089d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-427316

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