JACK IN THE BOX INC 8-K

What Happened
Jack in the Box Inc. (JACK) filed an 8-K (Dec 23, 2025) reporting that it completed the previously announced sale of its wholly owned subsidiary, Del Taco Holdings Inc., to Del Taco Group, LLC (assignee of franchisee Yadav Enterprises, Inc.). The aggregate purchase price is approximately $119.0 million in cash, subject to post-closing working capital adjustments. The transaction closed under a Stock Purchase Agreement dated October 15, 2025; the closing payment and related terms are described in the Company’s filings and press release dated December 22, 2025.

Key Details

• Purchase price: approximately $119.0 million in cash (subject to working capital adjustments).
• Cash paid at closing: $109.0 million; $10.0 million deferred and payable no later than January 12, 2026.
• Deferred amount terms: accrues interest at 8.0% annually; payment obligation guaranteed by Buyer Guarantor Anil Yadav.
• Commitment fee: Buyer paid a $100,000 commitment fee to JACK at closing.
• Buyer: Del Taco Group, LLC (assignee of Yadav Enterprises, Inc.); Purchase Agreement dated October 15, 2025 (filed previously as Exhibit 2.1). Press release furnished as Exhibit 99.1.

Why It Matters
This 8-K confirms JACK has divested its Del Taco business, converting that asset into near-term cash proceeds (with a modest deferred portion). For investors, the sale removes Del Taco from JACK’s consolidated operations and provides cash proceeds that may affect the company’s liquidity, capital allocation, and focus on its core Jack in the Box restaurant operations. Note the $10.0 million deferred payment and potential working capital adjustments — both could affect the final cash JACK receives and timing of that cash.