secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0001702744-22-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods adds $50M to buyback; total authorization $76.2M
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- Board approved $50M increase to existing repurchase program; total available ~$76.2M as of Apr 13, 2022.
- Company had $51.5M cash, $431.5M term loan debt, net debt/EBITDA of 1.6x as of Feb 26, 2022.
- Full year FY2022 cash flow from operations expected to be about same as prior year.
- CFO says program reflects confidence in market position and long-term growth potential.
- Repurchases may be made under 10b5-1 plan; program may be suspended or discontinued at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000028/0001702744-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000028/atk-20220413.htm
  HTML page:      https://secwatch.observer/filing/0001702744-22-000028

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