---
schema_version: "secwatch.filing_event.v1"
accession: "0001760965-26-000082"
form_type: "8-K"
ticker: "KTB"
cik: "0001760965"
company_name: "Kontoor Brands, Inc."
filed_at: "2026-11-06T22:09:47+00:00"
generated_at: "2026-11-06T22:12:05.675772+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kontoor closes $750M Lee sale to Authentic Brands, nets $698.2M; plans $450M buyback

## Summary
- Completed Nov 2, 2026 sale of all Lee stock to ABG-Storm LLC (Authentic Brands affiliate); $750M cash before adjustments, ~$698.2M received net.
- Additional earnout up to $250M over five years on Lee performance; fair value estimated at $77.0M at closing.
- Plans accelerated share repurchase of $400M plus $50M open-market buybacks; repurchased shares retired immediately.
- Pro forma FY ended Jan 3, 2026 revenue $2.63B vs $3.38B combined; continuing-ops diluted EPS $2.68 vs $3.71 as reported.
- Pro forma cash $754.4M at Oct 3, 2026; senior notes indenture requires net proceeds applied to debt or reinvested within 540 days.

## SEC filing metadata
- accession: 0001760965-26-000082
- form_type: 8-K
- ticker: KTB
- cik: 0001760965
- company_name: Kontoor Brands, Inc.
- filed_at: 2026-11-06T22:09:47+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760965/000176096526000082/0001760965-26-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760965/000176096526000082/ktb-20261102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760965-26-000082
- JSON: https://secwatch.observer/filing/0001760965-26-000082.json
- Plain text: https://secwatch.observer/filing/0001760965-26-000082.txt

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