ARKO Corp. Enters Material Definitive Agreement

TL;DR

ARKO Corp. signed a big deal on 3/21/24, details TBD.

AI Summary

On March 21, 2024, ARKO Corp. entered into a material definitive agreement. The filing does not provide specific details about the agreement, its counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant new contract or partnership for ARKO Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.

Key Players & Entities

• ARKO Corp. (company) — Registrant
• March 21, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share ARKO The Nasdaq
• $11.50 — of Common Stock at an exercise price of $11.50 ARKOW The Nasdaq Stock Market LLC

Filing Documents

• arko-20240321.htm (8-K) — 47KB
• arko-ex10_1.htm (EX-10.1) — 137KB
• img27454970_0.jpg (GRAPHIC) — 136KB
• 0000950170-24-036157.txt ( ) — 703KB
• arko-20240321.xsd (EX-101.SCH) — 44KB
• arko-20240321_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 21, 2024, GPM Investments, LLC, a Delaware limited liability company, a subsidiary of ARKO Corp., a Delaware corporation (the "Company"), entered into a Master Supply Agreement (the "Supply Agreement"), effective as of February 19, 2024 (the "Effective Date"), with Core-Mark International, Inc. ("Core-Mark"), a national wholesaler, which is the Company's primary grocer serving substantially all of the Company's retail locations. Pursuant to the Supply Agreement, Core-Mark will continue to sell and deliver a variety of products to the Company, on a non-exclusive basis, for further resale in the Company's stores and will service all of the Company's retail locations following the transition referenced in the following paragraph. The products covered by the Supply Agreement include a variety of grocery and other items. The initial term of the Supply Agreement is three years from the Effective Date, and the parties may elect to renew the Supply Agreement for up to two additional 12-month periods by mutual written agreement no fewer than 90 days prior to the expiration of the initial term or the then-current renewal term. The Supply Agreement replaces the Company's previously reported substantially similar agreement with Core-Mark, which recently expired in accordance with its terms. In addition to the product supply and delivery services, Core-Mark has also agreed under the Supply Agreement to provide: (a) transition services to facilitate the transfer of services from a previous wholesaler, which includes purchasing and transferring proprietary items from such wholesaler; (b) software products related to store and product maintenance; (c) store reset and retag services; (d) dedicated account managers; and (e) support services for the Company's shipping imports and specialty products program. The Supply Agreement includes customary representations and warranties, covenants, and indemnities, as well as

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 * Master Supply Agreement, dated as of March 21, 2024, by and between GPM Investments, LLC and Core-Mark International, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Pursuant to Item 601(b)(10)(iv) of Regulation S-K, portions of this exhibit have been omitted because the Company customarily and actually treats the omitted portions as private or confidential, and such portions are not material and would likely cause competitive harm to the Company if publicly disclosed. The Company will supplementally provide a copy of an unredacted copy of this exhibit to the U.S. Securities and Exchange Commission or its staff upon request.

SIGNATURES

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. ARKO Corp. Date: March 26, 2024 By: /s/ Arie Kotler Name: Title: Arie Kotler President, Chief Executive Officer and Chairman of the Board

View Full Filing

View this 8-K filing on SEC EDGAR