Krispy Kreme Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits
$DNUT
Food Chains
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
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.
The purchase price is calculated based on KKDJ’s enterprise value which is defined as a multiple of KKDJ’s fiscal year 2025 Adjusted EBITDA (as defined in the Agreement). The purchase price is subject to customary adjustments for a transaction of this type, including net working capital, to the extent actual net working capital exceeds the negotiated upper or lower thresholds, cash, and indebtedness. The Company expects proceeds to be approximately $65 million USD.
The Agreement contains customary representations and warranties of the parties, covenants regarding the conduct of KKDJ’s business prior to closing, and customary post-closing covenants. The Agreement also includes indemnification provisions in favor of the parties.
The Sale is expected to close in the first quarter of 2026. The closing of the Sale is subject to customary closing conditions, including, among others, the accuracy of representations and warranties, compliance with covenants, receipt of third-party consents, absence of certain material adverse effects, and the delivery of customary closing deliverables. The Agreement may be terminated by the parties under certain circumstances, including by mutual consent or upon the occurrence of specified termination events.
In addition, pursuant to the Agreement, KKDC and KKDJ agreed to enter into a development and franchise agreement to be effective at closing.
The foregoing summary of the Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the text of the Agreement, a copy of which will be filed as an exhibit to our Annual Report on Form 10-K for the year ending December 28, 2025.
Item 7.01. Regulation FD Disclosure.
On December 19, 2025, the Company issued a press release announcing the Sale. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||||||||
| 99.1 | |||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Agreement, including the Sale and expected proceeds, and the expected timing of closing of the Sale. Forward-looking statements can be identified by the use of forward-looking terminology, including terms such as “will,” “expect,” or, in each case, the negatives of these words, or comparable terminology These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements including, without limitation: the transaction may be delayed, cancelled, suspended or terminated; the final proceeds to the Company from the Sale are subject to KKDJ’s fiscal 2025 Adjusted EBITDA results and exchange rate fluctuations; the conditions to the completion of the transaction may not be satisfied; and other
risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KRISPY KREME, INC.
Dated: December 19, 2025
By: /s/ Joshua Charlesworth
| Name: | Joshua Charlesworth | ||||
| Title: | Chief Executive Officer | ||||