Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Files An 8-K Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans
Temporary Suspension of Trading Under Registrants
Employee Benefit Plans.
In connection with the closing of an offer to certain
participants in the Retirement Savings Plan (the Plan) of Aerojet
Rocketdyne Holdings, Inc. (the Company) to allow them to rescind
certain acquisitions of Company stock in the Plan that occurred
between June 30, 2007 and June 29, 2008 (the Rescission Offer),
all transactions out of the Aerojet Rocketdyne Holdings Stock
Fund in the Plan will be temporarily suspended during the
Blackout Period (as defined below). In order to process the
Rescission Offer, the trustee of the Plan must temporarily
suspend (the Blackout) all transactions out of the Aerojet
Rocketdyne Holdings Stock Fund during the Blackout Period. The
Blackout will begin at 4:00 p.m. U.S. Eastern time, on June 30,
2017 (the Expiration Date), and will end during the calendar week
of July 10, 2017 (the Blackout Period) on the date that the
proceeds for the Rescission Offer are credited to the Plan
accounts of such participants (which is anticipated to be within
a period of up to five to seven business days following the
Expiration Date of the Rescission Offer).
On May 30, 2017, the Company sent a notice (the Notice) to its
directors and executive officers informing them of the Blackout
Period, during which they will be restricted from, directly or
indirectly, purchasing or acquiring, any equity securities of the
Company, including common stock, or options to acquire shares of
Company common stock, and from exercising, selling or otherwise
transferring any equity securities of the Company, including
common stock, options to acquire shares of Company common stock,
restricted stock units, and other equity awards acquired in
connection with their service or employment as a director or
executive officer of the Company. A copy of the Notice is
attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated by reference herein.
The name, address, and telephone number of the person designated
by the Company to respond to inquiries about the Blackout are
Aerojet Rocketdyne Holdings, Inc., 222 N. Sepulveda Blvd, Suite
500, El Segundo, California 90245, Attention: Arjun L. Kampani,
Corporate Secretary, (310) 252-8100.
The reason for the Notice is that Section306(a) of the
Sarbanes-Oxley Act and Regulation BTR promulgated by the
Securities and Exchange Commission generally impose restrictions
on trading in issuer shares by directors and executive officers
in the event that 50% or more of an issuers plan participants are
so restricted with respect to the shares in their plan accounts.
|Item 9.01.||Financial Statements and Exhibits.|
|99.1||Notice of Blackout Period|
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Recent Trading Information
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) closed its last trading session up +0.02 at 21.70 with 294,665 shares trading hands.