Eric Gatoff, Chief Executive Officer and Director of Nathan's Famous, Inc., filed a Form 4 on October 26, 2026, disclosing the disposition of 78,752 shares of common stock in connection with the closing of a merger with Smithfield Foods, Inc.

Key Highlights

  • Reporting person: Eric Gatoff, serving as both Director and Chief Executive Officer of Nathan's Famous, Inc.
  • Shares disposed: 78,752 shares of Common Stock, held directly, were disposed of (transaction code D) on October 26, 2026.
  • Merger consideration: Each outstanding share was cancelled and converted into the right to receive $102.00 in cash, without interest and less any applicable withholding tax, according to the filing.
  • Resulting ownership: Following the transaction, Gatoff beneficially owned 0 shares of Common Stock directly.
  • Merger parties: The merger involved Nathan's Famous, Inc., Smithfield Foods, Inc. (Parent), and Boardwalk Merger Sub Inc., a wholly-owned subsidiary of Smithfield Foods, Inc.
  • Merger Agreement date: The Agreement and Plan of Merger was dated January 20, 2026, according to the filing.

Nathan's Famous Merger Closes, Gatoff's Direct Holdings Reduced to Zero

According to the Form 4 filing, on October 26, 2026, Nathan's Famous, Inc. completed the transactions contemplated by an Agreement and Plan of Merger dated January 20, 2026. The counterparties identified in the filing are Smithfield Foods, Inc., described as a Virginia corporation and the parent entity, and Boardwalk Merger Sub Inc., described as a Delaware corporation and a wholly-owned subsidiary of Smithfield Foods, Inc.

The filing states that upon closing, each outstanding share of common stock of Nathan's Famous, Inc., par value $0.01 per share, "was cancelled and automatically converted into the right to receive $102.00 in cash, without interest and less any applicable withholding tax, under the terms and subject to the conditions set forth in the Merger Agreement." As a result of this cancellation and conversion, Gatoff's directly held position of 78,752 shares was reduced to zero shares beneficially owned following the reported transaction.

The issuer is identified in the filing as NATHANS FAMOUS, INC. with the ticker symbol NATH. No price field is separately listed for the disposition transaction in Table I of the Form 4; the per-share consideration of $102.00 is described in the explanatory footnote tied to the transaction. No derivative securities are reported in Table II of the filing.

What Was Disclosed

The filing discloses that CEO and Director Eric Gatoff disposed of 78,752 directly held shares of Nathan's Famous, Inc. common stock on October 26, 2026, upon the closing of a merger with Smithfield Foods, Inc., leaving him with zero shares beneficially owned.