BMC STOCK HOLDINGS, INC. (NASDAQ:BMCH) Files An 8-K Other Events
Item8.01
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Press Release and Waiver to Registration Rights Agreement |
On March13, 2017, the Company announced that certain
stockholders, including affiliates of The Gores Group, LLC and
affiliates of Davidson Kempner Capital Management LP intend to
offer for sale in an underwritten secondary offering (the
Secondary Offering) 5,680,165 shares of the Companys common
stock, par value $0.01 per share (the Common Stock), to the
automatically effective shelf registration statement filed with
the U.S. Securities and Exchange Commission on May16, 2016. No
shares of Common Stock are being sold by the Company.
A copy of the press release issued by the Company, dated March13,
2017, announcing the Secondary Offering is attached to this
Current Report as Exhibit 99.1 and is incorporated by reference
into this Item8.01.
Also on March13, 2017, to facilitate the offer and sale described
above, the Company waived the volume limitation under that
certain Registration Rights Agreement, dated as of June2, 2015,
as amended, to permit affiliates of The Gores Group, LLC and
affiliates of Davidson Kempner Capital Management LP to offer for
sale a number of shares in excess of the volume limitation
otherwise applicable to sales of shares by such shareholders
during a fiscal quarter.
Cautionary Statement Regarding Forward-Looking
Statements
This Current Report includes forward-looking statements within
the meaning of Section27A of the Securities Act of 1933, as
amended, and Section21E of the Securities Exchange Act of 1934,
as amended. Forward-looking statements relate to expectations,
beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that
are not historical facts or present facts or conditions. In many
cases, you can identify forward-looking statements by terms such
as may, will, should, expects, plans, anticipates, believes,
estimates, predicts, potential or the negative of these terms or
other comparable terminology.
The forward-looking statements reflect our views about future
events and are subject to risks, uncertainties, assumptions and
changes in circumstances that may cause events or our actual
activities or results to differ significantly from those
expressed in any forward-looking statement. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future events, results,
actions, levels of activity, performance or achievements. A
number of important factors could cause actual results to differ
materially from those indicated by the forward-looking
statements.
All such factors are difficult to predict and are beyond the
Companys control. All forward-looking statements attributable to
the Company or persons acting on the Companys behalf are
expressly qualified in their entirety by the foregoing cautionary
statements. All such statements speak only as of the date made,
and the Company undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of
new information, future events or otherwise.
| Item9.01 | Financial Statement and Exhibits |
| (d) |
Exhibits. The following exhibits are provided as part of this Form 8-K: |
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Exhibit No. |
Description |
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| 99.1 |
Press release issued by BMC Stock Holdings, Inc. on March 13, 2017. |
About BMC STOCK HOLDINGS, INC. (NASDAQ:BMCH)
BMC Stock Holdings, Inc., formerly Stock Building Supply Holdings, Inc., is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions. Its primary products are lumber and lumber sheet goods, millwork, doors, flooring, windows, structural components, such as engineered wood products (EWP), trusses and wall panels, and other exterior products. Additionally, it provides solution-based services to customers, including design, product specification, installation, and installation management services. It offers a range of products sourced through a network of suppliers. It also offers various products, including hardware, wood boards, gypsum, insulation, roofing, siding and flooring. The Company offers scheduling, supplier and subcontractor management, and other services. BMC STOCK HOLDINGS, INC. (NASDAQ:BMCH) Recent Trading Information
BMC STOCK HOLDINGS, INC. (NASDAQ:BMCH) closed its last trading session up +0.10 at 21.95 with 444,871 shares trading hands.
