Krispy Kreme Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits
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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 June 10, 2025, Krispy Kreme Doughnut Corporation (“KKDC”), a North Carolina corporation and an indirect, wholly owned subsidiary of Krispy Kreme, Inc., a Delaware corporation (the “Company”), entered into a Unit Purchase Agreement (the “Purchase Agreement”) with (i) Verlinvest Cookies Holdings, Inc., a Delaware corporation (“Verlinvest”), and (ii) Mistral Sleepless Holdings 2, LLC, a Delaware limited liability company (“Mistral”). Pursuant to the terms of the Purchase Agreement, KKDC sold a portion of its common units of Insomnia Cookies Holdings, LLC, a Delaware limited liability company (“Insomnia”), to Verlinvest and Mistral, in a simultaneous sign and close transaction (the “Sale”).
In addition, concurrently with the Sale, Insomnia redeemed all remaining common units held by KKDC that were not sold pursuant to the Purchase Agreement pursuant to a Unit Redemption Agreement, effective as of June 10, 2025, by and between Insomnia and KKDC (the “Redemption Agreement” and such redemption together with the Sale, the “Transactions”). Following the consummation of the Transactions, KKDC no longer holds any common units or other equity interests in Insomnia.
KKDC received $75 million in aggregate cash proceeds in connection with the Transactions.
The foregoing summary of the Purchase Agreement and Redemption Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of such Agreements.
Item 7.01. Regulation FD Disclosure.
In connection with the Transactions, on June 10, 2025, the Company issued a press release announcing the Transactions. 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) | ||||||||||
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: June 10, 2025
By: /s/ Jeremiah Ashukian
| Name: | Jeremiah Ashukian | ||||
| Title: | Executive Vice President and Chief Financial Officer | ||||