HRG GROUP, INC. (NYSE:HRG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 15, 2017, Mr. David M. Maura notified the board of directors (the “Board”) of HRG Group, Inc. (“HRG”) of his resignation from the Board, effective as of December 31, 2017. Mr. Maura’s resignation is not due to a disagreement with either the Board or HRG.
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Item 7.01. |
Regulation FD Disclosure. |
On December 15, 2017, HRG issued a notice of redemption to redeem all $864,352,000 outstanding principal amount of its 7.875% Senior Secured Notes due 2019 (the “Notes”) at a redemption price equal to 100.000%, plus accrued and unpaid interest to the redemption date. The Notes will be redeemed on January 15, 2018.
This Current Report on Form 8-K does not constitute a notice of redemption for the Notes.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of HRG, whether made before or after the date of this report.
About HRG GROUP, INC. (NYSE:HRG)
HRG Group, Inc. is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc. (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd. (Front Street). Through Spectrum Brands, the Company is a diversified global branded consumer products company. The Company offers seven product categories: consumer batteries, small appliances, global pet supplies, home and garden control products, personal care products, hardware and home improvement products and global auto care. Through Front Street, the Company is engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities. The Company’s subsidiary, Fidelity & Guaranty Life (FGL), provides life insurance and annuity products.
