Short answer
HACKETT GROUP, INC. (HCKT) filed an 8-K current report with the SEC on August 4, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Credit facility expanded $25M to $125M, increasing liquidity and financial flexibility.
HACKETT GROUP, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Credit facility expanded $25M to $125M, increasing liquidity and financial flexibility
- $81.0M outstanding at amendment date, leaving $44M of stated borrowing capacity
- Maturity extended to August 3, 2031, reducing near-term refinancing risk
- Initial pricing: Term SOFR plus 1.625% or base rate plus 0.625%
- Covenants cap leverage at 3.50:1.00 and require fixed-charge coverage of at least 1.50:1.00
Item 2.02 · Results of Operations and Financial Condition
- Q2 fiscal 2026 results covered quarter ended June 26, 2026
- Press release issued August 4, 2026 and incorporated as Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue before reimbursements fell to $68.3M from $77.6M, reflecting continued business-model transition
- GAAP diluted EPS rose to $0.34 from $0.17, while adjusted EPS declined to $0.34 from $0.38
- Operating cash flow reached $15.2M, funding $6.1M net-debt reduction, $4.0M buybacks, and $3.0M dividends
- Credit facility capacity increased to $125M, extending financing flexibility against $81.0M outstanding debt
- Q3 outlook calls for $68.0M-$70.0M revenue before reimbursements and $0.37-$0.39 adjusted EPS, supported by platform wins exceeding $30M
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