Winmark Corp. 8-K Signals Leadership, Compensation Changes
Ticker: WINA · Form: 8-K · Filed: Jan 17, 2024 · CIK: 908315
| Field | Detail |
|---|---|
| Company | Winmark Corp (WINA) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Winmark filed an 8-K about executive changes and pay, watch for details.**
AI Summary
Winmark Corporation filed an 8-K on January 17, 2024, reporting an event that occurred on January 15, 2024, related to the departure or election of directors/officers and their compensatory arrangements. This filing indicates potential changes in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should pay attention to the specifics of these changes as they can influence future stock performance and corporate governance.
Why It Matters
Changes in executive leadership or compensation can signal shifts in company strategy or financial health, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty or new strategic directions, posing a medium risk to investors.
Analyst Insight
A smart investor would await further details on the specific changes in leadership or compensatory arrangements mentioned in this 8-K to assess their potential impact on Winmark Corporation's future performance and strategic direction.
Key Players & Entities
- Winmark Corporation (company) — the registrant filing the 8-K
- January 15, 2024 (date) — date of earliest event reported
- January 17, 2024 (date) — date the 8-K was filed
- 000-22012 (other) — Commission File Number
- 41-1622691 (other) — I.R.S. Employer Identification Number
- WINA (other) — Trading Symbol for Common Stock
- Nasdaq Global Market (other) — exchange where Common Stock is registered
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 15, 2024.
What specific items are covered in this 8-K filing according to the 'ITEM INFORMATION' section?
The 8-K covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the trading symbol and exchange for Winmark Corporation's Common Stock?
Winmark Corporation's Common Stock trades under the symbol WINA on the Nasdaq Global Market.
When was this 8-K filing filed with the SEC?
This 8-K filing was filed with the SEC on January 17, 2024.
What is Winmark Corporation's state of incorporation and business address?
Winmark Corporation is incorporated in Minnesota, and its business address is 605 Highway 169 North, Suite 400, Minneapolis, Minnesota 55441.
Filing Stats: 489 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-16 17:40:18
Filing Documents
- wina-20240115x8k.htm (8-K) — 40KB
- wina-20240115xex99d1.htm (EX-99.1) — 8KB
- wina-20240115xex99d1001.jpg (GRAPHIC) — 16KB
- 0000908315-24-000002.txt ( ) — 191KB
- wina-20240115.xsd (EX-101.SCH) — 3KB
- wina-20240115_lab.xml (EX-101.LAB) — 16KB
- wina-20240115_pre.xml (EX-101.PRE) — 11KB
- wina-20240115x8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 15, 2024, Mark L. Wilson, a member of the Board of Directors (the "Board") of Winmark Corporation (the "Company") notified the Company that he will not stand for re-election at the Company's Annual Meeting of Shareholders to be held on or about April 24, 2024. Mr. Wilson will continue to serve as a member of the Board until such meeting. A copy of the press release announcing Mr. Wilson's decision not to run for re-election to the Board is attached as Exhibit 99.1 of this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated January 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document and incorporated as Exhibit 101)
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. WINMARK CORPORATION Date: January 16, 2024 By: /s/Anthony D. Ishaug Anthony D. Ishaug Chief Financial Officer and Treasurer