UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02Results of Operations and Financial Condition
On July 14, 2021, Winmark Corporation (the “Company”) announced in a press release its results of operations and financial condition for the second quarter ended June 26, 2021. A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.
Item 7.01Regulation FD Disclosure
On July 14, 2021, the Company announced in a press release its results of operations and financial condition for the second quarter ended June 26, 2021. A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.
On July 14, 2021, the Company also announced in a press release that its Board of Directors has approved the payment of a cash dividend to its shareholders. The quarterly dividend of $0.45 per share will be paid on September 1, 2021 to shareholders of record on the close of business on August 11, 2021. Future dividends will be subject to Board approval. The press release also announced that the Board of Directors has approved a 400,000 share increase to its existing share repurchase authorization. The new authorization is equal to approximately 11% of the Company’s currently outstanding shares. The authorization does not constitute a commitment to repurchase shares, and any repurchases will be made in accordance with applicable securities laws. A copy of the press release is attached as Exhibit 99.2 of this Current Report on Form 8-K.
Item 8.01Other Events
On July 14, 2021, the Company announced in a press release that its Board of Directors has approved the payment of a cash dividend to its shareholders. The quarterly dividend of $0.45 per share will be paid on September 1, 2021 to shareholders of record on the close of business on August 11, 2021. Future dividends will be subject to Board approval. The press release also announced that the Board of Directors has approved a 400,000 share increase to its existing share repurchase authorization. The new authorization is equal to approximately 11% of the Company’s currently outstanding shares. The authorization does not constitute a commitment to repurchase shares, and any repurchases will be made in accordance with applicable securities laws. A copy of the press release is attached as Exhibit 99.2 of this Current Report on Form 8-K.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
99.1 | ||
99.2 |
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: July 14, 2021 | By: | /s/ Anthony D. Ishaug |
Anthony D. Ishaug | ||
Chief Financial Officer and Treasurer |