AMPLIFY SNACK BRANDS, INC. (NYSE:BETR) Files An 8-K Results of Operations and Financial Condition

AMPLIFY SNACK BRANDS, INC. (NYSE:BETR) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition

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On August8, 2017, Amplify Snack Brands, Inc. (“Amplify” or the “Company”) issued a press release announcing its financial results for the 13 weeks ended July1, 2017. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.

Item 2.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August7, 2017, the Board of Directors (the “Board”) of the Company appointed Ben Clarke to the Board as a ClassII director, effective as of September1, 2017, with a term expiring at the Company’s 2020 annual meeting of stockholders.

There are no arrangements or understandings between Mr.Clarke and any other persons to which he was selected as a director. Additionally, there are no transactions involving the Company and Mr.Clarke that the Company would be required to report to Item 404(a) of Regulation S-K.

Mr.Clarke will be entitled to receive compensation for his Board service in accordance with the Company’s standard compensation arrangements for non-employee directors, to the Company’s Non-Employee Director Compensation Policy, which was amended and restated by the Board and is being filed with this Current Report on Form 8-K as Exhibit 10.2. Additionally, in connection with Mr.Clarke’s appointment, the Company expects that the Board will award Mr.Clarke restricted stock units with a value of $200,000, with the number of restricted stock units determined by dividing the value of the award by the closing price of the Company’s common stock reported on the New York Stock Exchange on the date of grant. The Company will enter into its standard form of Indemnification Agreement with Mr.Clarke in connection with his appointment to the Board.

Item 2.02Financial Statements and Exhibits.

(d) Exhibits



10.1* Form of Indemnification Agreement
10.2 Amended and Restated Non-Employee Director Compensation Policy
99.1 Press Release, dated August8, 2017, issued by Amplify Snack Brands, Inc.
* Previously filed on July16, 2015 as Exhibit 10.1 to the Company’s Registration Statement on Form S-1.

Amplify Snack Brands, INC Exhibit
EX-10.2 2 d434826dex102.htm EX-10.2 EX-10.2 Exhibit 10.2 Amplify Snack Brands,…
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Amplify Snack Brands, Inc. is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand. SkinnyPop has a customer base across food distribution channels in the United States. SkinnyPop is cooked with approximately three core ingredients, such as popcorn, sunflower oil and salt. The SkinnyPop portfolio comprises approximately seven flavors, such as Original, White Cheddar flavor, Black Pepper and Sea Salt, Naturally Sweet, Dusted Dark Chocolate flavor, Jalapeno and Hatch Chile, a seasonal offering. It offers its products in a range of bag sizes and pack types that are sold across all channels. SkinnyPop products are gluten-free. The Company sells its products directly to retailers and to distributors.

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