Form 8-K - Current report
31 Octobre 2023 - 9:10PM
Edgar (US Regulatory)
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2023-10-31
2023-10-31
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported): October 31, 2023
BlueLinx Holdings Inc.
(Exact name of registrant as specified
in its charter)
Delaware |
|
001-32383 |
|
77-0627356 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
1950
Spectrum Circle, Suite 300, Marietta, Georgia |
|
30067 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number,
including area code (770) 953-7000
_________________________________________________
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
| o | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common Stock, par value $0.01 per share |
BXC |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company o
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
On October 31, 2023, BlueLinx Holdings Inc. (the “Company”)
announced that its Board of Directors approved a new stock repurchase program pursuant to which the Company may repurchase up to $100
million of its common stock (the “Repurchase Program”). Under the Repurchase Program, the Company may repurchase its common
stock at any time or from time to time, without prior notice, subject to prevailing market conditions and other considerations. The Company’s
repurchases may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated
share repurchase programs, tender offers or pursuant to a trading plan that may be adopted in accordance with the Securities and Exchange
Commission Rule 10b5-1.
On October 31, 2023, the Company issued a press release to announce
the Repurchase Program. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information included in this Item 8.01, as
well as Exhibits 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall
it be deemed incorporated by reference in any filing under the Securities Act of 1933
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
The following exhibits are attached with this Current Report on Form
8-K:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
BlueLinx Holdings Inc. |
|
|
|
|
Dated: October 31, 2023 |
By: |
/s/ Andrew Wamser |
|
|
Senior Vice President and Chief Financial Officer |
Exhibit 99.1
BlueLinx Announces
New $100 Million Share Repurchase Authorization
ATLANTA, October 31, 2023 – BlueLinx
Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today that its Board of Directors has
approved a new share repurchase authorization under which the Company may repurchase $100 million of its outstanding shares of common
stock in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934,
as amended. The new authorization will be funded through a combination of cash on hand and cash flow from operations. The Company completed
its prior $100 million share repurchase program in early fiscal October 2023.
The Company’s decision to repurchase its
shares, as well as the timing of such repurchases, will depend on a variety of factors, including the ongoing assessment of the Company’s
capital needs, the market price of the Company’s common stock, general market conditions and other corporate considerations, as
determined by management. The authorization does not obligate the Company to acquire any particular amount of its common stock and may
be suspended or discontinued at any time.
For further information, please see the Company’s
current report on Form 8-K filed with the Securities and Exchange Commission on October 31, 2023.
ABOUT BLUELINX
BlueLinx (NYSE: BXC) is a leading U.S. wholesale
distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as
lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage
footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to
our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and
industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we
operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit www.bluelinxco.com.
CONTACT
Tom Morabito
Investor Relations Officer
(470) 394-0099
investor@bluelinxco.com
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