Filing Analysis
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the second fiscal quarter ended September 28, 2025. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Reporting period: Second fiscal quarter ended September 28, 2025.
- Filing date: November 6, 2025.
- The company issued a press release (Exhibit 99.1) containing the financial results.
Nathan's Famous, Inc. held its annual meeting of stockholders on September 9, 2025. The company successfully elected ten directors and ratified the appointment of CBIZ CPAs P.C. as auditors for fiscal year 2026.
📋 Key Facts
- Annual Meeting held on September 9, 2025.
- Ten directors were elected to the Board, including Robert J. Eide and Eric Gatoff.
- Stockholders approved the ratification of CBIZ CPAs P.C. as auditors for fiscal year 2026 with 3,286,575 votes 'For'.
- The filing was signed by CFO Robert Steinberg on September 11, 2025.
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the first fiscal quarter ended June 29, 2025. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Reporting period: First fiscal quarter ended June 29, 2025.
- Filing date: August 8, 2025.
- The company issued a press release (Exhibit 99.1) containing the financial results.
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the fourth fiscal quarter and the full fiscal year ended March 30, 2025.
📋 Key Facts
- The filing is a standard announcement of quarterly and annual financial results.
- Reporting period covers the fourth fiscal quarter and fiscal year ended March 30, 2025.
- Results were released via press release on June 10, 2025.
Nathan's Famous, Inc. announced the resignation of Marcum LLP as its independent registered accounting firm and the appointment of CBIZ CPAs P.C. as its new auditor, effective February 20, 2025.
🚩 Red Flags
- Auditor change (though no disagreement was reported, auditor turnover can sometimes precede restatements or internal control issues).
📋 Key Facts
- Marcum LLP resigned as the Company's independent registered accounting firm on February 20, 2025.
- CBIZ CPAs P.C. has been engaged as the new independent registered public accounting firm with Audit Committee approval.
- The company stated there were no disagreements with Marcum regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures for fiscal years ended March 31, 2024, and March 26, 2023.
- Reports from Marcum for the previous two fiscal years did not contain adverse opinions, disclaimers of opinion, or qualifications regarding uncertainty or audit scope.
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the third fiscal quarter ended December 29, 2024.
📋 Key Facts
- Reporting period: Third fiscal quarter ended December 29, 2024.
- Filing date: February 6, 2025.
- The filing consists of a press release (Exhibit 99.1) containing the results of operations and financial condition.
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the second fiscal quarter ended September 29, 2024.
📋 Key Facts
- Report date: November 7, 2024
- Reporting period: Second fiscal quarter ended September 29, 2024
- The filing serves as a vehicle to incorporate the press release containing financial results via Exhibit 99.1.
Nathan's Famous, Inc. held its annual meeting of stockholders on September 10, 2024. The filing reports the results of shareholder votes regarding the election of ten directors and the ratification of Marcum LLP as company auditors for fiscal year 2025.
📋 Key Facts
- Annual Meeting held on September 10, 2024.
- Ten directors were elected to the Board; voting results varied by candidate (e.g., Eric Gatoff received 2,586,716 'For' votes).
- Shareholders approved the ratification of Marcum LLP as auditors for fiscal year 2025 with 3,002,342 'For' votes.
Nathan's Famous, Inc. filed an 8-K to announce its financial results for the first fiscal quarter ended June 30, 2024. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Reporting period: First fiscal quarter ended June 30, 2024.
- Filing date: August 8, 2024.
- The company issued a press release (Exhibit 99.1) containing the results of operations and financial condition.
Nathan's Famous, Inc. has entered into a new $70 million credit facility to refinance $60 million of existing secured notes due in 2025. The transaction includes a $60 million term loan and a $10 million revolving credit facility maturing in July 2029.
🚩 Red Flags
- Mandatory prepayment required for 100% of net proceeds from equity issuances or debt issuances.
- Strict covenants regarding the incurrence of additional indebtedness and liens.
- Standard default triggers including change of control and payment defaults.
📋 Key Facts
- Entered into a Credit Agreement on July 10, 2024, with Citibank, N.A. as administrative agent.
- The agreement consists of a $60.0 million Term Loan and a $10.0 million Revolving Credit Facility.
- Used the $60.0 million term loan to refinance existing 6.625% Secured Notes due 2025.
- New debt matures on July 10, 2029.
- Interest rates: Base Rate + 0.00% or Term SOFR + 1.40%.
- Includes a commitment fee of 0.20% per annum on undrawn revolving amounts.
- Financial covenants include a Consolidated Fixed Charge Coverage Ratio ≤ 1.20 to 1.00 and a Consolidated Net Leverage Ratio ≤ 3.00 to 1.00, starting Q3 2024.
Nathan's Famous, Inc. filed an 8-K to announce the release of its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly and annual earnings results.
- Reporting period covers the fourth fiscal quarter and the fiscal year ended March 31, 2024.
- Financial results were released via press release on June 12, 2024.