MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO) Files An 8-K Results of Operations and Financial ConditionItem 2.02
On July20, 2017, Monro Muffler Brake, Inc. (the “Company”) issued a press release announcing its operating results for the first quarter ended June24, 2017, as well as estimated second quarter and fiscal 2017 comparable store sales growth and diluted earnings per share. A copy of the press release is furnished herewith as Exhibit 99.1.
| Item 2.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The Company announced on Monday, July17, 2017, that Craig Hoyle, 63, Senior Vice President – Operations will retire from the Company, effective December31, 2017. The Company plans for its two Divisional Vice Presidents – Operations to report directly to its Chief Executive Officer.
| Item 2.02 | Voluntary Disclosure of Other Events |
The Company announced that, during the first quarter, it signed definitive agreements to acquire 20 stores within its existing markets that are expected to close in the second quarter and add approximately $13 million in annualized sales. Further details of these acquisitions are contained in the press release furnished as Exhibit 99.1.
| Item 2.02 | Financial Statements and Exhibits |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | The following is a list of exhibits furnished with this Current Report on Form 8-K: |
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Exhibit No. |
Description |
| 99.1 | Press release, dated July20, 2017. |
MONRO MUFFLER BRAKE INC ExhibitEX-99.1 2 d433663dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Brian DAmbrosia Senior Vice President Finance Chief Financial Officer (585) 647-6400 Investors and Media: Effie Veres FTI Consulting (212) 850-5600 FOR IMMEDIATE RELEASE MONRO MUFFLER BRAKE,…To view the full exhibit click here
About MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO)
Monro Muffler Brake, Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It also offers tires and routine maintenance services, which include state inspections. It offers repair and replacement of parts. Its store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, suspension and wheel alignment, as well as tire replacement and service. It also offers scheduled maintenance services in its stores where services are packaged and offered to consumers based upon the year, make, model and mileage of each specific vehicle. Its maintenance services include oil change services, heating and cooling system flush and fill service, belt installation, fuel system service and a transmission flush and fill service.