UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01Regulation FD Disclosure
On March 15, 2022, Winmark Corporation (the “Company”) repurchased 100,000 shares of its common stock in a block trade from an institutional shareholder at $223.50 per share under its existing share repurchase authorization. The aggregate purchase price of $22.35 million will be paid with cash on hand and borrowings under the Company’s revolving line of credit.
Item 8.01Other Events
On March 15, 2022, the Company repurchased 100,000 shares of its common stock in a block trade from an institutional shareholder at $223.50 per share under its existing share repurchase authorization. The aggregate purchase price of $22.35 million will be paid with cash on hand and borrowings under the Company’s revolving line of credit.
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: March 16, 2022 | By: | /s/ Anthony D. Ishaug |
Anthony D. Ishaug | ||
Chief Financial Officer and Treasurer | ||
Document and Entity Information |
Feb. 26, 2020 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Mar. 15, 2022 |
| Entity File Number | 000-22012 |
| Entity Registrant Name | Winmark Corporation |
| Entity Incorporation, State or Country Code | MN |
| Entity Tax Identification Number | 41-1622691 |
| Entity Address, Address Line One | 605 Highway 169 North |
| Entity Address, Adress Line Two | Suite 400 |
| Entity Address, City or Town | Minneapolis |
| Entity Address, State or Province | MN |
| Entity Address, Postal Zip Code | 55441 |
| City Area Code | 763 |
| Local Phone Number | 520-8500 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, no par value per share |
| Trading Symbol | WINA |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0000908315 |
| Amendment Flag | false |