INTERFACE, INC. (NASDAQ:TILE) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
press release reporting its financial results for the fourth
quarter and full year 2016 (the “Earnings Release”). A copy of
the Earnings Release is included as Exhibit 99.1 hereto and
hereby incorporated by reference. The information set forth in
this Item 2.02, including the exhibit hereto, shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing.
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
Directors (the “Board”) of the Company that he will retire from
the role of Chief Executive Officer, effective March 3, 2017.
currently serves as the Company’s President and Chief Operating
Officer, to succeed Mr. Hendrix as Chief Executive Officer.
Biographical information for Mr. Gould, age 57, is included in
the Company’s Proxy Statement for the 2016 Annual Meeting of
Shareholders and is incorporated herein by reference. In
connection with his appointment as Chief Executive Officer, Mr.
Gould will receive an annual base salary of $900,000 with a bonus
potential set at 150% of base salary. Mr. Gould will also
continue to be eligible to receive annual equity awards under the
Company’s Omnibus Stock Incentive Plan.
serve as non-executive Chairman, and he also will continue to
serve as the Company’s interim principal financial officer while
the Company seeks to fill the position with a permanent
appointment. In connection with his service as non-executive
Chairman, Mr. Hendrix will receive an annual salary of $240,000.
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Exhibit No.
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Description
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99.1
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Press Release of Interface, Inc., dated February 22, 2017,
reporting its financial results for the fourth quarter and full year 2016 (furnished to Item 2.02 of this Report). |
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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INTERFACE, INC.
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By:
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/s/ David B. Foshee
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David B. Foshee
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Vice President
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Date: February 22, 2017
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Exhibit No.
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Description
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99.1
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Press Release of Interface, Inc., dated February 22, 2017,
reporting its financial results for the fourth quarter and full year 2016 (furnished |
About INTERFACE, INC. (NASDAQ:TILE)
Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. It also sells its TacTiles carpet tile installation system, along with a range of traditional adhesives and products for carpet installation and maintenance that are manufactured by a third-party. In addition, it manufactures and sells its Intercell brand raised/access flooring product in Europe. It also provides turnkey project management services for national accounts and other customers through its InterfaceSERVICES business. INTERFACE, INC. (NASDAQ:TILE) Recent Trading Information
INTERFACE, INC. (NASDAQ:TILE) closed its last trading session down -0.05 at 17.80 with 781,266 shares trading hands.