West Marine, Inc. (NYSE:EPD) Files An 8-K Regulation FD Disclosure
Item 7.01.
Regulation FD Disclosure. |
In a press release dated November 22, 2016, ICR, a leading
strategic communications and advisory firm, announced that West
Marine would be presenting at its 2017 conference being held at
the Grand Lakes Resort in Orlando, Florida. On January 10, 2017,
West Marine issued a press release confirming that it will be
attending and presenting at the ICR Conference on January 10 and
January 11, 2017. A copy of this press release and the
presentation being used at the conference are attached hereto as
Exhibit 99.1 and Exhibit 99.2, respectively.
In the presentation, West Marin reiterates previously-issued
guidance for fiscal year 2016. This guidance appears on slides
21, 30 and 32 of Exhibit 99.2. The company also estimates that
capital expenditures for fiscal year 2016 will total $25 million.
Certain statements made in the presentation may constitute
forward-looking statements within the meaning of the safe harbor
provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on management’s beliefs and future plans,
events, expectations, objectives, performance and other future
conditions, as well as assumptions made by, and information
currently available to, management. Because forward-looking
statements are based on expectations as to future financial and
operating results and are not statements of fact, they are
subject to inherent uncertainties, risks, and changes in
circumstances that are difficult to predict and many of which are
outside of the West Marines control, including those risks and
uncertainties described in West Marines Annual Report on Form
10-K for the fiscal year ended January 2, 2016 and its Quarterly
Report on Form 10-Q for the quarter ended April 2, 2016, which
should be reviewed carefully, as well as the presentation and
audit of West Marines financial statements for fiscal year 2016.
Actual results and financial conditions may differ materially
from those indicated in the forward-looking statements and
therefore readers should not place undue reliance upon any of
these forward-looking statements. The information provided in the
presentation is based upon the facts and circumstances known at
this time, and any forward-looking statements made in the
presentation speak only as of the date of January 10, 2017.West
Marine assumes no responsibility to update any forward-looking
statements as a result of new information, future events or
otherwise.
In addition, the presentation discloses certain historical
financial results that are not determined in accordance with
accounting principles, generally accepted in the United States
(GAAP). Specifically, total sales and comparable store sales
presented on slides 13 and 32 for the fiscal year ended January
3, 2015 (Fiscal 2014) exclude sales for the last week of the
fiscal year. Fiscal 2014 consisted of 53 weeks, and the other two
fiscal years presented in the presentation consisted of 52 weeks.
Management believes that excluding the extra week from Fiscal
2014 provides a clearer comparison of operating results over
time. Total sales and comparable store sales excluding sales for
the last week of Fiscal 2014 should not be considered in
isolation or as a substitute for total sales calculated in
accordance with GAAP or comparable store sales calculated using
GAAP sales. Management has reconciled non-GAAP total sales and
comparable store sales to GAAP total sales and comparable store
sales calculated in accordance with GAAP, respectively, in the
table found in the Investor Relations section of West Marines
website at www.westmarine.com under Non-GAAP Measures.
The information furnished under Item7.01 and as Exhibit 99.1 and
Exhibit 99.2 of this report shall not be deemed to be filed for
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the liability
of that section, except if we specifically incorporate it by
reference into a filing under the Securities Act of 1933, as
amended, or the Exchange Act.
Item 9.01. | Financial Statements and Exhibits. |
(a) | Not Applicable. |
(b) | Not Applicable. |
(c) | Not Applicable. |
(d) | Exhibits: |
99.1 |
Press Release dated January 10, 2017 (furnished to Item 7.01). |
99.2 |
West Marine, Inc. 2017 ICR Conference Presentation (furnished to Item 7.01). |
About West Marine, Inc. (NYSE:EPD)
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. West Marine, Inc. (NYSE:EPD) Recent Trading Information
West Marine, Inc. (NYSE:EPD) closed its last trading session 00.00 at 27.56 with 3,871,408 shares trading hands.