Unifi, Inc. filed a Form 8-K with the SEC on October 29, 2026, disclosing the completed $60.0 million sale of industrial real property in Yadkin County, North Carolina, a related amendment to its credit agreement, annual meeting voting results, and notice of an upcoming earnings conference call.

Key Highlights

  • Property sale closed October 28, 2026: Unifi Manufacturing, Inc. sold industrial and manufacturing building spaces and surrounding land in Yadkin County, North Carolina to Enovum NC-2 Bidco, LLC and Enovum NC-3 Bidco, LLC for an aggregate purchase price of $60.0 million in cash.
  • Earnest money applied to purchase price: A $2.25 million earnest money deposit held in escrow was applied toward the $60.0 million purchase price, according to the filing.
  • Debt repayment from proceeds: The net proceeds were used to fully repay outstanding term loan principal under the credit agreement, with any remaining balance applied to revolving loans, the filing stated.
  • Credit agreement amended: On October 28, 2026, the company entered into a Fourth Amendment to its Second Amended and Restated Credit Agreement, dated October 28, 2022, with Wells Fargo Bank, National Association as agent.
  • All eight director nominees elected: At the October 27, 2026 Annual Meeting, shareholders elected all eight nominees to serve until the 2027 Annual Meeting, with votes for ranging from 6,047,062 to 7,980,870 depending on the nominee.
  • Advisory pay vote approved: Shareholders voted 5,762,943 for and 2,365,861 against the advisory resolution on named executive officer compensation for fiscal 2026.
  • KPMG LLP ratified: Shareholders ratified KPMG LLP as independent auditor for fiscal 2027 with 11,745,137 votes for and 7,834 against.

Unifi Completes Yadkin County Real Estate Sale and Amends Credit Facility

According to the filing, Unifi Manufacturing, Inc. ("UMI"), a wholly owned subsidiary of Unifi, Inc. (NYSE:UFI), completed the sale of certain real property in Yadkin County, North Carolina on October 28, 2026, pursuant to a Real Estate Purchase and Sale Agreement dated August 16, 2026. The buyers were Enovum NC-2 Bidco, LLC and Enovum NC-3 Bidco, LLC, described in the filing as assignees of Enovum Data Centers Corp. The company disclosed that no material relationships existed between Enovum and the company, its affiliates, directors, or officers, other than in connection with the Purchase Agreement and a prior Real Estate Purchase and Sale Agreement dated April 10, 2025, as amended May 19, 2025.

The filing reported that on the same date, the company entered into a Fourth Amendment to its Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association as agent. According to the filing, the amendment was intended to permit UMI to complete the property transaction and to allow UMI to allocate a portion of the net proceeds, including any deferred compensation payable under the Purchase Agreement, first toward repaying outstanding term loans and then toward revolving loans under the credit agreement. The filing confirmed the net proceeds were used to fully repay the outstanding principal balance of the term loans, with the remainder applied to revolving loan balances.

The filing also disclosed that on October 27, 2026, the company held its 2026 Annual Meeting of Shareholders. In addition to electing all eight director nominees, shareholders voted on an advisory basis to approve named executive officer compensation for fiscal 2026, and ratified KPMG LLP as the independent registered public accounting firm for fiscal 2027. The company also noted that on October 29, 2026, it issued two press releases covering both the property sale closing and its operating results for the fiscal first quarter ended September 27, 2026, and that a conference call to discuss those results was scheduled for October 30, 2026.

What Was Disclosed

Unifi, Inc. reported the $60.0 million completed sale of Yadkin County industrial property to Enovum entities, a related credit agreement amendment, use of proceeds to retire term loans, annual shareholder meeting voting results across three proposals, and an upcoming earnings call.