Sportsman's Warehouse Announces $25M Stock Repurchase Program

TL;DR

SPWH authorized to buy back $25M stock until March 2026.

AI Summary

On March 20, 2024, Sportsman's Warehouse Holdings, Inc. filed an 8-K to report that its Board of Directors approved a new stock repurchase program. The company is authorized to repurchase up to $25 million of its common stock through March 20, 2026.

Why It Matters

This announcement indicates management's confidence in the company's valuation and its commitment to returning capital to shareholders, potentially boosting stock price.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a stock repurchase program, which is generally considered a positive or neutral event.

Key Numbers

• $25.0M — Stock Repurchase Authorization (Maximum amount the company can spend on repurchasing its own stock.)
• 2 years — Repurchase Program Term (The duration for which the stock repurchase program is active.)

Key Players & Entities

• SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (company) — Registrant
• $25 million (dollar_amount) — Authorized repurchase amount
• March 20, 2026 (date) — Expiration date of repurchase program
• March 20, 2024 (date) — Date of Board approval

FAQ

Filing Documents

• spwh-20240320.htm (8-K) — 44KB
• spwh-ex3_1.htm (EX-3.1) — 346KB
• 0000950170-24-035645.txt ( ) — 554KB
• spwh-20240320.xsd (EX-101.SCH) — 25KB
• spwh-20240320_htm.xml (XML) — 5KB

03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On March 20, 2024, the Board of Directors (the " Board ") of Sportsman's Warehouse Holdings, Inc. (the " Company ") amended and restated the Company's bylaws (as so amended and restated, the " Amended Bylaws "), which became effective immediately upon adoption by the Board. The amendments effected by the Amended Bylaws establish the right for one or more record holders of shares of capital stock of the Company representing not less than 25% of the combined voting power of all outstanding shares of capital stock of the Company to call a special meeting of stockholders, provided that the stockholders satisfy the disclosure, timing and other requirements intended to ensure that stockholders receive adequate, timely and accurate information in connection with a special meeting and avoid the expenditure of resources that would result from holding multiple stockholder meetings in a short time period. Consistent with the Company's prior announcement in its Current Report on Form 8-K filed on January 26, 2024 (the " January 2024 8-K "), the Board will not enforce the Challenged Provisions (as defined in the January 2024 8-K) for any stockholder-called special meeting pending the completion of the 2024 Delaware Litigation (as defined in the January 2024 8-K). The foregoing description is a summary of the changes effected by the adoption of the Amended Bylaws, which is qualified in its entirety by reference to the Amended Bylaws filed as Exhibit 3.1 hereto.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 3.1 Fourth Amended and Restated Bylaws of Sportsman's Warehouse Holdings, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Date: March 25, 2024 By: /s/ Jeff White Jeff White Secretary and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR