Leslie's, Inc.: files for chapter 11

What happened Leslie's, Inc. reported that on Sep 30, 2026 (the "Petition Date") the company and its subsidiaries filed voluntary petitions under chapter 11 in the United States Bankruptcy Court for the Southern District of Texas to implement a pre-arranged chapter 11 plan of reorganization. The filing states the company parties entered into a restructuring support agreement (the "RSA") with consenting term loan lenders and, on Oct 20, 2026, filed a disclosure statement [Docket No. 167] and a joint plan of reorganization [Docket No. 166] consistent with the RSA.

Key details

• Chapter 11 cases are jointly administered as In re Leslie's, Inc. et al, Case No. 26-90795 (ARP).
• Company parties named in the filing include Leslie's, Inc. and subsidiaries Leslie's Poolmart, Inc.; Cortz, Inc.; LPM Manufacturing, Inc.; Horizon Spa & Pool Parts, Inc.; Hot Tub Works, LLC; Pool Parts, Inc.; RAM Chemical & Supply, Inc.; SPP Holding Corporation; and Stellar Manufacturing, LLC.
• The RSA involves certain holders or managers of loans under the Amended and Restated Term Loan Credit Agreement dated Mar 9, 2021 (the "Prepetition Term Loan Credit Agreement").
• The filing cautions that trading in the company's securities during the Chapter 11 Cases is highly speculative and that equity holders may experience a significant loss.

Why it may matter This Form 8-K reports Item 1.03, bankruptcy or receivership, describing the filing of the chapter 11 cases, the RSA with consenting term loan lenders, and the filing of the disclosure statement and plan with the Bankruptcy Court. This filing does not show why the insider traded or why the company acted.