secwatch.observer — SEC 8-K summary
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Issuer:     SMITHFIELD FOODS INC (SFD)
CIK:        0000091388
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001628280-25-002996
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smithfield Foods completes IPO of 26.1M shares at $20.00, nets $234.1M
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- IPO closed Jan 29, 2025; 26,086,958 shares sold at $20.00/sh, with 13.0M secondary shares from sole shareholder.
- Company received net proceeds of ~$234.1M after underwriting discounts and expenses.
- Board and shareholder approved Omnibus Incentive Plan (19.7M shares reserved) and Employee Stock Purchase Plan (1.97M shares).
- Underwriters have 30-day option to purchase up to 3,913,042 additional shares at the IPO price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91388/000162828025002996/0001628280-25-002996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91388/000162828025002996/sfd-20250129.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-002996

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