MRC GLOBAL INC. (NYSE:MRC) Files An 8-K Regulation FD DisclosureItem 7.01
MRC Global Inc. (“MRC Global”) executive management will make presentations from time to time to current and potential investors, lenders, creditors, insurers, vendors, customers, employees and others with an interest in MRC Global and its business regarding, among other things, MRC Global’s operations and performance. A copy of the materials to be used at the presentations (the “Presentation Materials”) is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in the Presentation Materials is summary information that should be considered in the context of MRC Global’s filings with the Securities and Exchange Commission and other public announcements that MRC Global may make by press release or otherwise from time to time. The Presentation Materials speak as of the date of this Current Report on Form 8-K. While MRC Global may elect to update the Presentation Materials in the future or reflect events and circumstances occurring or existing after the date of this Current Report on Form 8-K, MRC Global specifically disclaims any obligation to do so. The Presentation Materials will also be posted in the Investor Relations section of MRC Global’s website, http://www.mrcglobal.com, for 90 days.
As the Company winds down its enterprise resource planning (“ERP”) implementation for its International segment, the Company expects its capital expenditures in 2018 to be reduced by approximately $20million for ERP implementation costs.
The information referenced under Item 7.01 (including Exhibit 99.1 referenced under Item 7.01 below) of this Current Report on Form 8-K is being “furnished” under “Item 7.01. Regulation FD Disclosure” and, as such, shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information set forth in this Current Report on Form 8-K (including Exhibit 99.1 referenced under Item 7.01 below) shall not be incorporated by reference into any registration statement, report or other document filed by MRC Global to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
|Item 7.01||Financial Statements and Exhibits.|
|99.1||Investor Presentation, dated November3, 2017|
INDEX TO EXHIBITS
|99.1||Investor presentation, dated November3, 2017|
MRC GLOBAL INC. ExhibitEX-99.1 2 d483186dex991.htm EX-99.1 EX-99.1 Third Quarter 2017 Investor Presentation November 3,…To view the full exhibit click
About MRC GLOBAL INC. (NYSE:MRC)
MRC Global Inc. is an industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company operates through three segments: the United States of America, Canada and International. It has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan. Its product types include valves, automation and instrumentation; carbon steel fittings and flanges and stainless steel and alloy pipe and fittings; line pipe, and oil country tubular goods (OCTG). Its valves, automation and instrumentation product offering includes ball, butterfly, gate, check, needle and plug valves, which are manufactured from cast steel, stainless/alloy steel, forged steel, carbon steel or cast and ductile iron. Its carbon steel fittings and flanges include carbon weld fittings, flanges and piping components used to connect piping and valve systems.