Nathan's Famous Stockholders Approve $102/Share Smithfield Merger
NATH sits 15% above its 52-week low of $88.665 on elevated volume (8.7× avg).
Summary
Nathan's Famous stockholders voted to adopt the $102-per-share cash merger with Smithfield Foods, with about 98.6% of votes cast in favor. The advisory compensation proposal also passed, clearing the final shareholder hurdle to closing.
Key Events · M&A and Partnerships · NATH
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Merger Proposal Approved
Stockholders adopted the merger agreement with Smithfield Foods: 3,229,773 for, 28,025 against, 18,213 abstaining.
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Quorum and Turnout
3,276,011 shares were present or by proxy, about 79.94% of the 4,097,661 shares entitled to vote at the September 22, 2026 record date.
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Compensation Proposal Passed Narrowly
The non-binding advisory proposal on merger-related executive compensation passed 2,263,635 to 888,724, with 123,652 abstaining.
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Next Step: Closing Conditions
Shareholder approval was the final vote; the merger still requires satisfaction of remaining closing conditions before the $102-per-share cash payment.
Analysis · NATH · Trade & Services
The last major condition before closing is now cleared: holders adopted the merger agreement with roughly 98.6% of votes cast in favor (3,229,773 for vs 28,025 against). With the deal already agreed at $102 per share in cash and the stock trading at $102.05, the remaining path is regulatory/conditions and closing mechanics rather than shareholder risk. The advisory say-on-golden-parachute vote passed more narrowly (2,263,635 for vs 888,724 against), a reminder that some holders objected to merger-related executive pay, but it is non-binding and does not block the deal.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 36.8% of the 1025 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NATH was trading at $102.05 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $418.2M. The 52-week trading range was $88.67 to $110.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.