WATSCO, INC. (NYSE:WSO) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On February23, 2017, Watsco, Inc., a Florida corporation (the
Company), entered into an Underwriting Agreement (the
Underwriting Agreement) with Goldman, Sachs Co., as
representative of the underwriters named therein, and the selling
shareholders named therein (the Selling Shareholders),
relating to the underwritten public offering by the Selling
Shareholders of 4,235,685 shares of the Companys Common stock,
par value $0.50 per share (the Shares), to the Companys
Registration Statement on Form S-3 (File No.333- 207831) filed on
November5, 2015. The Selling Shareholders are selling the Shares
solely for their respective accounts, and the Company will not
receive any proceeds from the sale of the Shares.
The foregoing description of the Underwriting Agreement is only a
summary and is qualified in its entirety by reference to the full
text of the Underwriting Agreement, which is filed as Exhibit 1.1
to this Current Report on Form 8-K and incorporated by
reference in this Item 1.01.
This Current
Report on Form 8-K does not constitute an offer to sell nor a
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
| Item9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
|
Exhibit Number |
Description |
|
| 1.1 |
Underwriting Agreement, dated February23, 2017, by and among the Company, Goldman, Sachs Co., as representative of the underwriters named therein, and the selling shareholders named therein. |
About WATSCO, INC. (NYSE:WSO)
Watsco, Inc. (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico. The Company sells a line of products and maintains a mix of inventory to meet its customers’ needs. The Company distributes a range of products, such as equipment, including residential ducted and ductless air conditioners, gas, electric and oil furnaces, commercial air conditioning and heating equipment and systems and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts, and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives and other ancillary supplies. WATSCO, INC. (NYSE:WSO) Recent Trading Information
WATSCO, INC. (NYSE:WSO) closed its last trading session up +0.22 at 150.49 with 473,015 shares trading hands.
