Performance Food Group Company (NYSE:PFGC) Files An 8-K Other Events
Item8.01.
| Other Events. |
The previously announced underwritten secondary offering (the
Offering) by certain selling stockholders (the Selling
Stockholders) of 14,092,206 shares of common stock, par value
$0.01 per share, of Performance Food Group Company (the Company)
at a public offering price of $27.50 per share closed on May18,
2017. The Offering was a registered offering to the Companys
registration statement on Form S-3, filed on November16, 2016
(File No.333-214642). The Selling
Stockholders received all of the net proceeds from the Offering.
No shares were sold by the Company.
In connection with
the Offering, the legal opinion of Simpson Thacher Bartlett LLP
is filed herewith as Exhibit 5.1.
The Company
expects that Bruce McEvoy and Prakash A. Melwani, two of its
directors affiliated with The Blackstone Group L.P. (Blackstone),
will resign from its board of directors within a short period of
time after the completion of this Offering. The Company expects
that Jeffrey Overly, a third director of the Company affiliated
with Blackstone, will resign from its board of directors at or
prior to its 2017 Annual Meeting of Shareholders.
| Item9.01. | Financial Statements and Exhibits. |
(d)
Exhibits.
|
Exhibit |
Description |
|
| 5.1 | Opinion of Simpson Thacher Bartlett LLP |
About Performance Food Group Company (NYSE:PFGC)
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products. It sells to independent or street, and multi-unit or chain, restaurants and other institutions. Its PFG Customized segment provides service to family and casual dining restaurant chains, and fast casual and quick service restaurant chains. Its Vistar segment specializes in distributing candy, snacks, beverages and other items nationally to the vending, office coffee service, theater, hospitality and other channels. Its products include a range of frozen foods, such as meats, fully prepared appetizers and entrees, and desserts; a range of canned and dry foods; fresh meats; dairy products; beverage products, and snack and other products. Performance Food Group Company (NYSE:PFGC) Recent Trading Information
Performance Food Group Company (NYSE:PFGC) closed its last trading session up +0.20 at 27.60 with 2,271,796 shares trading hands.
