Farmer Bros. Co. (NASDAQ:FARM) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
included the Original Investor Presentation. The following
corrections to the Original Investor Presentation are reflected
in the revised investor presentation slideshow furnished as
Exhibit 99.1 to this Amendment:
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1.
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The bullets on page 16 of the Original Investor
Presentation relating to restructuring costs have been revised to correct the typo in total estimated cash costs in connection with the exit of the Companys Torrance facility as part of the corporate relocation plan. The Company estimates that it will incur approximately $31.0 million in cash costs in connection with the exit of the Torrance facility, of which the Company has recognized an aggregate of $30.3 million and paid an aggregate of $29.3 million as of December 31, 2016. |
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2.
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The first bullet under China Mist Brands, Inc. on page 17
of the Original Investor Presentation has been corrected to reflect the aggregate cash paid at closing of $11.2 million (before earnout), after giving effect to the working capital adjustment under the purchase agreement. |
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3.
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The first bullet under West Coast Coffee on page 17 of the
Original Investor Presentation has been corrected to reflect the purchase price under the purchase agreement of $13.5 million (before earnout), subject to a working capital adjustment under the purchase agreement. |
information, the Company makes no admission as to the materiality
of any information in this report that is required to be
disclosed solely by reason of Regulation FD.
information included in this Current Report on Form 8-K/A,
including Exhibit 99.1, is being furnished and shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of that Section, shall not be
incorporated by reference into any registration statement or
other document filed to the Securities Act of 1933, as amended,
or the Exchange Act regardless of any general incorporation
language in such filing. In addition, the exhibit furnished
herewith contains statements intended as forward-looking
statements that are subject to the cautionary statements about
forward-looking statements set forth in such exhibit.
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Exhibit No.
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Description
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99.1
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Revised Investor Presentation Slideshow in use
beginning March 13, 2017. |
About Farmer Bros. Co. (NASDAQ:FARM)
Farmer Bros. Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes. Its primary brands include Farmer Brothers, Artisan Collection by Farmer Brothers, Superior and Metropolitan. Its Artisan coffee products include Direct Trade, Fair Trade Certified, Rainforest Alliance Certified organic blends. It sells whole bean and roast and ground flavored and unflavored coffee products under the Un Momento, Collaborative Coffee, Cain’s and McGarvey brands at retail. Its roast and ground coffee products are sold in traditional packaging, including bags and fractional packages, as well as single-serve packaging. Farmer Bros. Co. (NASDAQ:FARM) Recent Trading Information
Farmer Bros. Co. (NASDAQ:FARM) closed its last trading session up +0.15 at 32.15 with 85,848 shares trading hands.