J&J Snack Foods to acquire Dippin' Dots for $222M; board adds CEO Fachner and Roy Jackson

J&J SNACK FOODS CORP

Acquisition of Dippin' Dots for $222M, expected close by end of June 2022, subject to HSR and conditions.
Transaction funded with cash and senior debt; expected to be accretive to EPS by $0.30-$0.40 in first 12 months.
Dippin' Dots produces flash-frozen beaded ice cream; has over 140 franchisees and facilities in US and abroad.
Dan Fachner (President & CEO) and Roy Jackson appointed to board, expanding from 5 to 7 members.
Quarterly dividend of $0.633/share declared, payable July 11, 2022 to holders of record June 20, 2022.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Roy Jackson

Director

JJSF · J&J SNACK FOODS CORP

Effective: 2022-05-19
Filed: May 20, 2022, 7:59 PM ET

appointed current President and Chief Executive Officer, Dan Fachner, and Roy Jackson to the Board, effective May 19, 2022.

Appointed

Dan Fachner

Director

JJSF · J&J SNACK FOODS CORP

Effective: 2022-05-19
Filed: May 20, 2022, 7:59 PM ET

appointed current President and Chief Executive Officer, Dan Fachner, and Roy Jackson to the Board, effective May 19, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roy Jackson was appointed as Director at J&J SNACK FOODS CORP.

Action: appointed
Role: Director

Exact text from the filing

appointed current President and Chief Executive Officer, Dan Fachner, and Roy Jackson to the Board, effective May 19, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Fachner was appointed as Director at J&J SNACK FOODS CORP.

Action: appointed
Role: Director

Exact text from the filing

appointed current President and Chief Executive Officer, Dan Fachner, and Roy Jackson to the Board, effective May 19, 2022.

View on SEC.gov

J&J SNACK FOODS CORP filing history →

Source: SEC EDGAR

accession 0001437749-22-013230

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