secwatch / observer

Krispy Kreme, Inc. — fact timeline

Source-grounded facts extracted from Krispy Kreme, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DNUT Krispy Kreme, Inc. JSON
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Approval of Amendment and Restatement of the Company’s 2021 Omnibus Incentive Plan at the 2026-06-10 meeting.

“Proposal 4: Approval of Amendment and Restatement of the Company’s 2021 Omnibus Incentive Plan The Company’s stockholders approved the Amendment and Restatement of the Krispy Kreme, Inc. 2021 Omnibus Incentive Plan.”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2026-06-10 meeting.

“Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm The Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2026.”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Advisory Resolution to Approve Executive Compensation at the 2026-06-10 meeting.

“Proposal 2: Advisory Resolution to Approve Executive Compensation The Company’s stockholders approved an advisory resolution regarding the Company’s executive compensation.”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Election of Directors at the 2026-06-10 meeting.

“Proposal 1: Election of Directors The Company’s stockholders elected eight directors to hold office for a one-year term and until his or her successor shall have been elected and qualified.”
Earnings Releases

Krispy Kreme, Inc. updated its first quarter ended March 29, 2026 guidance (reaffirmed).

“On May 7, 2026, the Company issued a press release announcing the Company's financial results for the first quarter ended March 29, 2026.”
Material Agreements

Krispy Kreme, Inc. entered into Contribution and Exchange Agreement with the JV (W.K.S. Krispy Kreme, LLC) (effective 2026-03-23).

“KKDC contributed the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Company-owned and operated Krispy Kreme store in Hawaii to the JV, in exchange for equity interests in the JV, pursuant to a Contribution and Exchange Agreement, dated as of the Effective Date, by and between KKDC and the JV (the “KKDC Contribution Agreement”).”
Material Agreements

Krispy Kreme, Inc. entered into Asset Purchase Agreement with W.K.S. KK HoldCo, Inc., an affiliate of WKS valued at $40,404,497 (effective 2026-03-23).

“Awesome Doughnut entered into an Asset Purchase Agreement (the “APA”) with W.K.S. KK HoldCo, Inc., an affiliate of WKS (“WKS Holdco”), pursuant to which WKS Holdco acquired, as of the Effective Date, substantially all of the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Awesome Doughnut-owned and operated Krispy Kreme stores in California (collectively, the “Awesome Assets”) from Awesome Doughnut for an aggregate purchase price of $40,404,497, paid through delivery of a promissory note issued by WKS Holdco, as borrower, payable to Awesome Doughnut, as lender (“Seller Note”).”
Material Agreements

Krispy Kreme, Inc. entered into Share Purchase Agreement with Lei Inc. valued at approximately $65 million USD (effective 2025-12-18).

“On December 18, 2025, Krispy Kreme Doughnut Corporation (“ KKDC ”), a North Carolina corporation and an indirect, wholly-owned subsidiary of Krispy Kreme, Inc. (the “ Company ”), a Delaware corporation, entered into a Share Purchase Agreement (the “ Agreement ”) with Lei Inc. (“ Lei ”), a Japanese corporation formed as a special purpose vehicle by a fund of Unison Capital, Inc., whereby KKDC agreed to sell to Lei all of the outstanding capital stock of Krispy Kreme Doughnut Japan Co. Ltd. (“ KKDJ ”), a Japanese corporation and a wholly-owned subsidiary of KKDC (the “ Sale ”), which is also a party to the Agreement.”
Debt Financings

Krispy Kreme, Inc. incurred credit facility of $15,000,000.

“The Second Amendment established incremental term loan commitments in an aggregate principal amount of $15,000,000.”
Debt Financings

Krispy Kreme, Inc. incurred credit facility of $110,000,000 with BNP Paribas.

“The First Amendment, among other things, (a) established incremental term loan commitments in an aggregate principal amount of $110,000,000”

Nicola J. Steele was appointed as Chief Operating Officer at Krispy Kreme, Inc..

“Effective March 3, 2025, Nicola J. Steele, 38, has been appointed to serve as the Chief Operating Officer of Krispy Kreme, Inc.”

Matthew Spanjers resigned as Chief Growth Officer and President, International at Krispy Kreme, Inc..

“Mr. Spanjers has resigned from those positions but will remain an employee of and provide services to the Company through March 31, 2025 (the “Separation Date”), pursuant to an Agreement and General Release entered into on January 10, 2025 (the “Transition Agreement”).”
Cybersecurity Incidents

Krispy Kreme, Inc. disclosed a cybersecurity incident: unauthorized activity on a portion of its information technology systems. Impact: certain operational disruptions including online ordering in parts of the United States; expected to have material impact on results of operations and financial condition. Company determined it material. Discovered 2024-11-29.

“As of the date of this filing, the incident has had and is reasonably likely to have a material impact on the Company’s business operations until recovery efforts are completed.”

Matthew Spanjers resigned as Chief Growth Officer and President, International at Krispy Kreme, Inc..

“On November 7, 2024, Matthew Spanjers informed Krispy Kreme, Inc. (the “Company”) that he intends to resign from his position as Chief Growth Officer and President, International of the Company effective on or about December 31, 2024.”
Earnings Releases

Krispy Kreme, Inc. reported the quarter ended March 31, 2024 results: revenue $442.7 million, net income $(6.7) million, EPS $(0.05) per diluted share. Guidance reaffirmed.

“(“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights (vs Q1 2023) • Net revenue grew 5.7% to $442.7 million • Organic revenue grew 6.7% to $440.9 million • GAAP net loss of $6.7 million • GAAP net loss attributable to KKI of $8.5 million • Adjusted EBITDA grew 5.9% to $58.2 million •”

Catherine Tang resigned as Chief Legal Officer and Corporate Secretary at Krispy Kreme, Inc..

“On March 12, 2024, Catherine Tang, the Company’s Chief Legal Officer and Corporate Secretary, resigned effective June 1, 2024 (the “Separation Date”).”

Joshua A. Charlesworth was appointed as Chief Executive Officer at Krispy Kreme, Inc..

“which will coincide with the date that Mr. Charlesworth succeeds as the Company’s Chief Executive Officer.”

Joshua A. Charlesworth was elected as Director at Krispy Kreme, Inc..

“On December 4, 2023, the Board elected Joshua A. Charlesworth as a director effective January 1, 2024”

Lubomira Rochet resigned as Director at Krispy Kreme, Inc..

“On December 3, 2023, Lubomira Rochet, a member of the Board of Directors (the “Board”) of Krispy Kreme, Inc. (the “Company”), submitted her resignation to Catherine Tang, the Company’s Corporate Secretary.”
Earnings Releases

Krispy Kreme, Inc. reported the third quarter ended October 1, 2023 results: revenue $407.4 million, net income GAAP Net Loss of $40.3 million, EPS GAAP Diluted EPS $(0.24). Guidance reaffirmed.

“(“Krispy Kreme” or the “Company”) today reported financial results for the third quarter ended October 1, 2023. Third Quarter Highlights (vs Q3 2022) • Net Revenue grew 7.9% to $407.4 million • Organic Revenue grew 9.6% to $400.3 million • GAAP Net Loss of $40.3 million primarily driven by non-cash, income tax expense accrual • Adjusted EBITDA grew 13.5% to $43.7”

Michael Tattersfield departed as President and Chief Executive Officer at Krispy Kreme, Inc..

“Michael Tattersfield, the Company's President and Chief Executive Officer, notified the Board that he will step down as the Company's President and Chief Executive Officer, effective December 31, 2023”

Joshua Charlesworth was appointed as President and Chief Executive Officer at Krispy Kreme, Inc..

“appointed Mr. Joshua Charlesworth to the role of President and Chief Executive Officer of the Company, effective as of January 1, 2024”
Earnings Releases

Krispy Kreme, Inc. reported the second quarter ended July 2, 2023 results: revenue $408.9 million, net income $0.1 million, EPS $0.00. Guidance reaffirmed.

“Net revenue grew 9.0% year-over-year to $408.9 million”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2023-06-22 meeting.

“Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm The Company's stockholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for fiscal year 2023. FOR AGAINST ABSTENTIONS BROKER NON-VOTES 125,442,217 33,954 45,336 0”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Advisory Resolution to Approve Executive Compensation at the 2023-06-22 meeting.

“Proposal 2: Advisory Resolution to Approve Executive Compensation The Company's stockholders approved an advisory resolution regarding the Company's executive compensation. FOR AGAINST ABSTENTIONS BROKER NON-VOTES 105,400,863 701,697 21,792 19,397,155”
Shareholder Votes

Krispy Kreme, Inc. shareholders approved Election of Directors at the 2023-06-22 meeting.

“Proposal 1: Election of Directors The Company's stockholders elected 11 directors to hold office for a one-year term and until their respective successors shall have been duly elected and qualified. NOMINEE FOR AGAINST ABSTENTIONS BROKER NON-VOTES Michael Tattersfield 105,897,491 211,971 14,890 19,397,155 Olivier Goudet 102,821,101 3,289,170 14,081 19,397,155 Marissa Andrada 101,757,473 3,826,040 540,839 19,397,155 David Bell 104,974,603 1,135,166 14,583 19,397,155 David Deno 105,960,897 149,947 13,508 19,397,155 Paul Michaels 105,905,895 204,037 14,420 19,397,155 Gerhard Pleuhs 105,941,272 123,934 59,146 19,397,155 Debbie Roberts 104,967,808 1,100,576 55,968 19,397,155 Lubomira Rochet 104,958,974 1,149,210 16,168 19,397,155 Philip Telfer 106,059,784 50,673 13,895 19,397,155 Michelle Weese 105,908,509 158,245 57,598 19,397,155”

Joey Pruitt changed role as U.S. Chief Financial Officer at Krispy Kreme, Inc..

“On May 10, 2023, the Board approved the transition of Joey Pruitt from the role of the principal accounting officer of the Company to the Company’s U.S. Chief Financial Officer.”

Kelly P. McBride was appointed as Chief Accounting Officer at Krispy Kreme, Inc..

“On May 10, 2023, the Board of Directors (the “Board”) of Krispy Kreme, Inc. (the “Company”) appointed Kelly P. McBride, 49, as Chief Accounting Officer, the Company’s principal accounting officer.”
Earnings Releases

Krispy Kreme, Inc. reported the first quarter ended April 2, 2023 results: revenue $419.0 million, net income $1.6 million, EPS $0.00. Guidance reaffirmed.

“Net revenue grew 12.5% year-over-year to $419.0 million and organic revenue grew 14.4% led by robust performances in the U.S. and Market Development segments. Sales per Hub in the U.S. increased 9% to $4.6 million, driven by an 12% increase in points of access and an 8% increase in U.S. sales per Delivered Fresh Daily (“DFD”) door. GAAP Net Income for the quarter was $1.6 million compared to Net Income of $6.5 million a year ago while GAAP diluted EPS for the quarter was $0.00 compared to diluted EPS of $0.02 last year.”
Debt Financings

Krispy Kreme, Inc. incurred term loan of $700 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.

“(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.”
Debt Financings

Krispy Kreme, Inc. incurred revolving credit of $300 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.

“(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.”
Material Agreements

Krispy Kreme, Inc. terminated Existing Credit Agreement with the lenders party thereto and Citibank, N.A. (effective 2023-03-23).

“The initial proceeds of the New Credit Agreement were used, in part, to refinance the loans and commitments under Borrower’s existing credit agreement, dated June 13, 2019 (as amended, restated, amended and restated, supplemented or modified from time to time, the “ Existing Credit Agreement ”), by and among Parent Company, Holdings, Borrower, the lenders party thereto and Citibank, N.A. as administrative agent and collateral agent (filed as Exhibit 10.1 to the Parent Company’s Registration Statement on Form S-1/A, File number 333-256664, filed on June 22, 2021, and incorporated by reference herein), and thereupon terminate the Existing Credit Agreement and all related loan documents.”
Material Agreements

Krispy Kreme, Inc. entered into New Credit Agreement with the lenders party thereto and BNP Paribas valued at a $300 million senior secured first lien revolving credit facility and a $700 million senior secured (effective 2023-03-23).

“On March 23, 2023, Krispy Kreme, Inc. (“ Parent Company ”) and its wholly-owned subsidiaries Cotton Parent, Inc. (“ Holdings ”) and Krispy Kreme Doughnuts, Inc. (“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.”
Earnings Releases

Krispy Kreme, Inc. reported the fiscal year ended January 1, 2023 results: revenue $1,529.9, net income $(8.8), EPS $(0.10). Guidance initiated.

“to being the most loved sweet treat brand in the world.” Financial Highlights $ in millions, except per share data Q4 2022 vs Q4 2021 2022 vs 2021 Net Revenue $404.6 9.2% $1,529.9 10.5% Organic Revenue (1) $415.4 12.5% $1,549.8 12.1% GAAP Net Loss $(1.0) nm $(8.8) 40.9% Adjusted Net Income, Diluted (1) $18.6 38.9% $49.6 (10.6)% Operating Income $5.2 (68.4)%”
Earnings Releases

Krispy Kreme, Inc. reported the fourth quarter ended January 1, 2023 results: revenue $404.6, net income $(1.0), EPS $(0.02). Guidance initiated.

“on our journey to being the most loved sweet treat brand in the world.” Financial Highlights $ in millions, except per share data Q4 2022 vs Q4 2021 2022 vs 2021 Net Revenue $404.6 9.2% $1,529.9 10.5% Organic Revenue (1) $415.4 12.5% $1,549.8 12.1% GAAP Net Loss $(1.0) nm $(8.8) 40.9% Adjusted Net Income, Diluted (1) $18.6 38.9% $49.6 (10.6)% Operating”
Earnings Releases

Krispy Kreme, Inc. reported the fiscal year ending January 1, 2023 results: revenue $1.49 billion to $1.52 billion, EPS $0.29 to $0.32. Guidance reaffirmed.

“Krispy Kreme reiterated its full-year 2022 guidance that was provided in conjunction with its second and third quarter 2022 results. • Net Revenue of $1.49 billion to $1.52 billion • Organic Revenue growth of 10% to 12% • Adjusted EBITDA of $189 million to $195 million • Adjusted Diluted EPS of $0.29 to $0.32 • Global Points of Access of ~11,700 • Capital Expenditures of approximately 7% of revenue • Net Leverage of approximately 3.6x”

Jeremiah Ashukian was appointed as Executive Vice President and Chief Financial Officer at Krispy Kreme, Inc..

“appointed Jeremiah Ashukian, 43, as Executive Vice President and Chief Financial Officer ("CFO") of the Company. He is expected to commence employment with the Company on January 9, 2023.”
Earnings Releases

Krispy Kreme, Inc. reported third quarter ended October 2, 2022 results: revenue $377.5 million, net income ($11.8 million), EPS ($0.08). Guidance reaffirmed.

“Third quarter net revenue grew 10.1% compared to Q3 2021 Organic revenue growth accelerated to 12.0% Added 294 Points of Access in Q3 and 1,276 year to date, exceeding our full year target Reiterating 2022 Guidance with strong momentum to start Q4 CHARLOTTE, NC (November 15, 2022) – Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today reported financial results for the third quarter ended October 2, 2022 with net revenue growing 10.1% year-over-year to $377.5 million, or 13.4% in constant currency, while organic revenue grew 12.0%. Foreign currency translation resulted in a negative 3.3% impact on net revenue growth during the third quarter due to the strength of the U.S. dollar. Sales per Hub in the U.S. and Canada increased by 18.4% year-over-year to $4.5 million while International Sales per Hub grew 16.3% to $10.0 million. Organic growth was driven by the solid performance and expansion of Krispy Kreme’s omni-channel model, with a 17% increase in Global Points”

Ozan Dokmecioglu resigned as Director at Krispy Kreme, Inc..

“On September 14, 2022, Patricia Capel and Ozan Dokmecioglu, both members of the Board, notified Michael Tattersfield, the Chief Executive Officer of the Company, of their resignation from the Board, to be effective on September 15, 2022.”

Patricia Capel resigned as Director at Krispy Kreme, Inc..

“On September 14, 2022, Patricia Capel and Ozan Dokmecioglu, both members of the Board, notified Michael Tattersfield, the Chief Executive Officer of the Company, of their resignation from the Board, to be effective on September 15, 2022.”

Philip Telfer was elected as Director at Krispy Kreme, Inc..

“On September 15, 2022, the Board of Directors (the “Board”) of Krispy Kreme, Inc. (“the Company”) elected Philip Telfer to the Board.”

Gerhard Pleuhs was elected as Director at Krispy Kreme, Inc..

“On June 30, 2022, Gerhard Pleuhs was elected to the Board.”

Henry Yeagley resigned as Director at Krispy Kreme, Inc..

“On June 29, 2022, Henry Yeagley, a member of the Krispy Kreme, Inc. (the “Company”) Board of Directors (the “Board”), submitted his resignation to Catherine Tang, the Company’s Corporate Secretary.”

Andrew Skehan resigned as President, U.S. and Canada at Krispy Kreme, Inc..

“On June 2, 2022, Andrew Skehan, President, U.S. and Canada, informed the Company that he accepted a role as Chief Executive Officer at another organization.”

Josh Charlesworth changed role as Global President and Chief Operating Officer at Krispy Kreme, Inc..

“On June 3, 2022, the Board of Directors of Krispy Kreme, Inc. (the “Company”) promoted Mr. Josh Charlesworth to Global President and Chief Operating Officer, effective immediately.”

Marissa Andrada was elected as Director at Krispy Kreme, Inc..

“On February 9, 2022, the Company elected Marissa Andrada to the Board of the Company.”

Carl Lee, Jr. departed as Director at Krispy Kreme, Inc..

“On February 9, 2022, Carl Lee, Jr., a member of the Board of Directors (the “Board”) of Krispy Kreme, Inc. (“the Company”), notified Michael Tattersfield, the Chief Executive Officer of the Company, that he will not stand for reelection at the Annual Stockholders Meeting.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.