MCBC Holdings,Inc. (NASDAQ:MCFT) Files An 8-K Other EventsItem 8.01. Other Events.
On December 15, 2016, MCBC Holdings, Inc. (the “Company”) entered into an agreement (the “Underwriting Agreement”) with B. Riley and Co., LLC (the “Underwriter”), and entities associated with Wayzata Investment Partners (collectively, the “Selling Stockholders”), whereby the Selling Stockholders agreed to sell and the Underwriter agreed to purchase, subject to and upon the terms and conditions set forth in the Underwriting Agreement, 1,500,000 shares of the Company’s common stock, $0.01 par value per share, at a public offering price of $13.45 per share, less discounts and commissions of $0.34 per share.
The Underwriting Agreement contains customary representations, warranties and agreements of the Company and the Selling Stockholders and customary indemnification rights and obligations of the parties.
The Company will not receive any proceeds from the offering. The offering was made to the Company’s effective registration statement on Form S-3, as amended (Registration No. 333- 212812). A copy of the Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
1.1 Underwriting Agreement