M&A - WEIS MARKETS INC

Form Type: 8-K

Filing Date: 2025-06-06

Corporate Action: Acquisition

Type: New

Accession Number: 000010541825000032

Filing Summary: On June 6, 2025, Weis Markets, Inc. announced the acquisition of 2,153,846 shares of its common stock from trusts established for the late Patricia G. Ross Weis for approximately $65.00 per share, totaling $140 million in cash. The acquisition was executed via a Share Purchase Agreement, which was approved by a Special Committee of independent directors who recommended the deal after evaluating its fairness. Jonathan H. Weis, the company's CEO, has an interest in the trusts involved. The transaction does not alter the existing share repurchase plan established in 2004, and funding came from the company's available cash and sale of marketable securities. A press release regarding the acquisition was issued and is included in the filing as Exhibit 99.1.