Every 8-K that Krispy Kreme, Inc. (DNUT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DNUT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DNUT filings page.
Krispy Kreme, Inc. reported second quarter 2026 results that reflect continued execution of its turnaround plan. Net revenue was $331.0 million, down 12.8% mainly due to refranchising and strategic closure of underperforming doors, while systemwide sales reached $497.3 million, up 1.1% in constant currency and 2.6% excluding the now-ended McDonald’s USA partnership. GAAP net loss improved to $19.8 million from $441.1 million, and diluted loss per share narrowed to $0.12 from $2.55. Adjusted EBITDA rose 43.2% to $28.8 million, with margin expanding to 8.7% from 5.3%.
In the U.S., net revenue fell 25.0% to $172.7 million, but organic revenue edged higher and Adjusted EBITDA grew 38.5% to $13.8 million with a roughly 370‑basis‑point margin gain. International revenue declined 11.6% and Adjusted EBITDA fell 22.2%, while Market Development revenue increased 142.3% to $41.0 million and Adjusted EBITDA rose 116.7%. The turnaround emphasizes refranchising and capital discipline: first‑half capital expenditures dropped 70.2% to $16.1 million, year‑to‑date operating cash flow was $10.0 million, and free cash flow improved to a $6.1 million outflow. The net leverage ratio decreased to 5.4x with available liquidity of $263.9 million. Management maintained 2026 guidance, including net revenue of $1.25–$1.35 billion and Adjusted EBITDA of $140–$150 million.
Krispy Kreme, Inc. reported the results of its virtual annual stockholders’ meeting held on June 10, 2026. Stockholders elected eight directors for one-year terms, with each nominee receiving over 102 million votes in favor and substantial broker non-votes recorded on each director proposal.
Stockholders approved an advisory resolution on executive compensation, with 106,613,820 votes for and 1,323,673 against. They also ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for fiscal 2026, with 126,062,729 votes for and no broker non-votes.
In addition, stockholders approved the amendment and restatement of the 2021 Omnibus Incentive Plan, receiving 85,938,583 votes for and 21,269,870 against. A stockholder proposal to replace supermajority voting with simple majority voting was not voted on because the proponent or a qualified representative did not attend and present it; the company states it would not have been approved even if presented.
Krispy Kreme reported first-quarter 2026 results showing meaningful turnaround progress. Net revenue was $367.0 million, down 2.2% as the company intentionally closed underperforming doors, including those tied to the ended McDonald’s USA partnership. GAAP net loss improved to $22.7 million from $33.4 million, while adjusted EBITDA rose 38.0% to $33.1 million, lifting margin to 9.0% from 6.4%.
The business generated $20.2 million of operating cash flow and $11.4 million of free cash flow, versus a large outflow a year ago, and cut its net leverage ratio to 5.5x from 6.7x. Krispy Kreme refranchised Japan and reduced its stake in the Western U.S. joint venture, receiving about $70 million and $90 million of consideration, largely used to pay down debt. For 2026, it guides to $1.25–$1.35 billion in net revenue, adjusted EBITDA of $140–$150 million, systemwide sales growth of 2–4% in constant currency, positive free cash flow above $15 million, and net leverage below 5.5x.
Krispy Kreme, Inc. reported board and executive updates. The Board elected David Shear and Melissa Werneck as independent directors effective April 2, 2026, with Ms. Werneck joining the Compensation, Nomination, and Governance Committee.
The company also entered into an at-will employment agreement with CFO Raphael Duvivier, providing at least a $700,000 annual base salary, an annual bonus target of 80% of salary, and participation in incentive and benefit plans. The agreement includes EB-1C visa support, up to $50,000 per year for family travel to and from Europe and up to $20,000 per year for tax preparation for three years. If terminated without cause or for good reason, he is eligible for severance equal to 12 months of base salary, 12 months of COBRA premium differentials, and up to $150,000 for relocation back to Europe, subject to signing a release.
Krispy Kreme, Inc. filed an amended report to disclose the final separation terms for Chief People Officer Theresa Zandhuis, who chose to retire from all roles effective on or around March 31, 2026.
Under an Agreement and General Release dated April 1, 2026, Zandhuis receives 16 months of base salary totaling $733,333.33 and 12 months of tax‑grossed‑up COBRA coverage premiums of $49,575.31. Certain outstanding equity awards vest pro rata through the separation date, while a July 14, 2025 retention award is forfeited. Her vested stock options, including those vesting at separation, carry a strike price of $14.61 and remain exercisable for 90 days after the separation date.
Krispy Kreme is accelerating its turnaround with major refranchising and asset sales to cut debt and shift to a capital-light model. The company raised approximately $90 million from expanding its Western U.S. joint venture with WKS Restaurant Group, including about $50 million of cash at closing and a note payable over time. WKS’s ownership in the joint venture rose from 45% to 80%, while Krispy Kreme’s stake fell to 20%, and the venture added 23 company-operated shops in California and Hawaii.
The joint venture also used new debt financing to repay roughly $53.5 million of intercompany debt owed to Krispy Kreme. Separately, Krispy Kreme closed the sale of its Japan operations to Unison Capital, generating nearly $70 million of cash proceeds, which were used to pay down debt. A $40,404,497 seller note from the WKS affiliate bears 5% annual interest and matures on March 22, 2032.
Krispy Kreme reported weaker 2025 results while pushing a turnaround plan. Full-year net revenue fell to $1,522.6 million, down 8.6%, and the company posted a GAAP net loss of $523.8 million, largely driven by goodwill and asset impairments that pushed its net leverage ratio to 6.7x.
Despite this, fourth-quarter profitability improved: net revenue was $392.4 million (down 2.9%), but Adjusted EBITDA rose 21.0% to $55.6 million with margin expanding to 14.2%, and free cash flow was $27.9 million. Global Points of Access were reduced by 13.5% to 15,194 as underperforming doors were closed.
The company outlined a four-part turnaround centered on refranchising, lower capital intensity, margin expansion and “sustainable, profitable growth.” It agreed to sell its Japan operations to Unison Capital for about $65 million and plans to restructure its Western U.S. joint venture. For 2026, it targets systemwide sales growth of 2–4% from $1.96 billion, at least 100 new shops, capital spending of $50–$60 million, positive free cash flow and net leverage at or below 5.5x.
Krispy Kreme, Inc. announced leadership changes involving its Chief People Officer and a board member. Chief People Officer Theresa Zandhuis has decided to retire from all positions with the company and its subsidiaries, effective on or around March 31, 2026, and will assist with an orderly internal succession.
In connection with a planned separation agreement, she is expected to receive 12 months of base salary totaling $550,000, 12 months of COBRA coverage premiums grossed up for taxes, and pro-rata vesting through the effective date of certain outstanding equity awards, excluding a retention award granted on July 14, 2025, which will be forfeited. Her vested stock options, including those vesting as described, have an exercise price of $14.61 and will expire 90 days after the effective date. Separately, director Gordon von Bretten resigned from the Board effective immediately following his appointment as President of Coty Inc.’s Consumer Beauty division, and his resignation is stated not to result from any disagreement with the company or the Board.
Krispy Kreme, Inc. (DNUT) furnished an update on its business by announcing it issued a press release with financial results for the third quarter ended September 28, 2025. The press release is attached as Exhibit 99.1.
The disclosure was provided under Item 2.02 (Results of Operations and Financial Condition) and, as stated, the information in Item 2.02 (including Exhibit 99.1) is furnished and not deemed filed under the Exchange Act.
Krispy Kreme, Inc. announced a planned transition in its senior finance team. The company appointed Joseph J. Esposito as principal accounting officer and Chief Accounting Officer effective September 15, 2025, following his prior roles leading global tax at the company and earlier experience at PwC. His compensation package includes a $300,000 base salary, eligibility for an annual cash bonus targeted at 45% of base salary with a maximum of 200% of target, and participation in the 2026 long-term incentive plan at a $200,000 target level, generally split between RSUs and PSUs that vest over three-year periods. He will also receive a one-time equity grant of 40,000 stock options, 20,000 RSUs, and 20,000 PSUs with multi-year vesting tied in part to performance goals for 2026–2028. The current Chief Accounting Officer, Kelly McBride, has notified the company of his resignation effective September 12, 2025 to pursue another opportunity, which the company states is not due to any disagreement over operations, policies, practices, or financial reporting.
Krispy Kreme (NASDAQ: DNUT) announced the termination of its strategic partnership with McDonald's USA, effective July 2, 2025. The decision was mutually agreed upon by both companies, ending their Business Relationship Agreement that was originally established on March 22, 2024.
Key details of the termination include:
- Both companies issued a joint press release on June 24, 2025
- A formal Business Relationship Termination Agreement was signed on June 23, 2025
- Post-termination, certain obligations will survive, including confidentiality and indemnification provisions
- All other mutual obligations under the original agreement will cease on the Termination Effective Date
This material event was disclosed through an 8-K filing signed by CEO Joshua Charlesworth. The filing includes exhibits of the press release (99.1) and Cover Page Interactive Data File in Inline XBRL format.
On 17 June 2025, Krispy Kreme, Inc. (NASDAQ: DNUT) filed a Form 8-K to disclose the results of its virtual 2025 Annual Meeting of Stockholders. Three routine governance items were presented and all received decisive shareholder support:
- Election of nine directors: Each nominee secured at least 96 % of votes cast, with David Deno receiving the highest support (113.4 m for; 0.5 m against).
- Advisory “Say-on-Pay” vote: Executive compensation was approved by 113.3 m votes in favour versus 0.6 m against (≈99.5 % approval).
- Auditor ratification: Grant Thornton LLP was re-appointed with 133.0 m votes for and only 0.5 m against (≈99.6 % approval).
No other business, financial results, or strategic transactions were reported. The meeting outcome signals continued shareholder confidence in the company’s board, management pay practices, and external audit oversight but is not expected to have a material impact on Krispy Kreme’s near-term financial performance.