PRIMO WATER CORPORATION (NASDAQ:PRMW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 22, 2016, the Compensation Committee of the Board of Directors of Primo Water Corporation approved the termination of the Primo Water Corporation Amended and Restated Value Creation Plan (the “VCP”), effective December 31, 2016. All awards granted under the VCP that are outstanding as of December 31, 2016 will continue to be governed by the VCP and subject to achievement of the adjusted EBITDA performance targets for the year ended December 31, 2016.
About PRIMO WATER CORPORATION (NASDAQ:PRMW)
Primo Water Corporation is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. The Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment sales consist of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. The Company sources three- and five-gallon water bottles from various independent vendors for use in Exchange. The Company sources and markets approximately two lines of water dispensers, consisting of over 40 models. The Company’s products are offered in each of the United States and in Canada at approximately 25,700 combined retail locations. PRIMO WATER CORPORATION (NASDAQ:PRMW) Recent Trading Information
PRIMO WATER CORPORATION (NASDAQ:PRMW) closed its last trading session down -0.08 at 12.48 with 82,982 shares trading hands.