Form 8-K VALSPAR CORP For: Dec 19
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 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): December 19, 2016
THE VALSPAR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
State or other jurisdiction of incorporation)
1-3011 | 36-2443580 | |
(Commission File Number) |
(I.R.S. Employer Identification No.) | |
1101 South 3rd Street, Minneapolis, Minnesota | 55415 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (612) 851-7000
Not Applicable
(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 Instructions A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. | Regulation FD Disclosure. |
On December 19, 2016, The Valspar Corporation (Valspar) and The Sherwin-Williams Company (Sherwin-Williams) issued a press release commenting on market speculation. A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description of Exhibit | |
99.1 | Press Release, December 19, 2016. |
SIGNATURES
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.
THE VALSPAR CORPORATION |
/s/ Rolf Engh |
Name: Rolf Engh |
Title: Executive Vice President, General Counsel and Secretary |
Dated: December 19, 2016
EXHIBIT INDEX
Exhibit No. |
Description of Exhibit | |
99.1 | Press Release, December 19, 2016. |
Exhibit 99.1
The Sherwin-Williams Company and Valspar Comment on Market Speculation
Companies Continue to Expect the Transaction to Close by the End of Q1 Calendar Year 2017
CLEVELAND & MINNEAPOLIS(BUSINESS WIRE)The Sherwin-Williams Company (NYSE:SHW) and The Valspar Corporation (NYSE: VAL) today issued the following statement in response to unfounded market rumors concerning regulatory approvals for the definitive agreement between Sherwin-Williams and Valspar, which was announced on March 20, 2016:
Sherwin-Williams and Valspar continue to cooperate fully with the FTC staff and continue to expect the transaction will close by the end of Q1 calendar year 2017. Given the complementary nature of the businesses and the benefits this transaction will provide to customers, Sherwin-Williams and Valspar continue to believe that no or minimal divestitures should be required to complete the transaction.
The transaction, which has been approved by Valspar shareholders, is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act and regulatory approvals in various other jurisdictions.
About The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers. The company manufactures products under well-known brands such as Sherwin-Williams(R), HGTV HOME(R) by Sherwin-Williams, Dutch Boy(R), Krylon(R), Minwax(R), Thompsons(R) Water Seal(R), and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams(R) branded products are sold exclusively through a chain of more than 4,100 company-operated stores and facilities, while the companys other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Global Finishes Group distributes a wide range of products in more than 115 countries around the world. For more information, visit www.sherwin.com.
About Valspar
Valspar is a global leader in the coatings industry providing customers with innovative, high-quality products and value-added services. Our 11,100 employees worldwide deliver advanced coatings solutions with best-in-class appearance, performance, protection and sustainability to customers in more than 100 countries. Valspar offers a broad range of superior coatings products for the consumer market, and highly-engineered solutions for the construction, industrial, packaging and transportation markets. Founded in 1806, Valspar is headquartered in Minneapolis. Valspars reported net sales in fiscal 2015 were $4.4 billion and its shares are traded on the New York Stock Exchange (symbol: VAL). For more information, visit www.valspar.com and follow @valspar on Twitter.
Additional Information and Where to Find it
Valspar has filed with the SEC a preliminary proxy statement in connection with the contemplated transactions. The definitive proxy statement will be sent or given to Valspar stockholders and will contain important information about the contemplated transactions. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT (INCLUDING THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES AVAILABLE) AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE. Investors and security holders may obtain a free copy of the preliminary proxy statement and the definitive proxy statement (when it is available) and other documents filed with the SEC at the SECs website at www.sec.gov.
Contacts
For The Sherwin-Williams Company
Investor Relations:
Bob Wells
Senior Vice President, Corporate Communications and Public Affairs
216- 566-2244
Media:
Mike Conway
Director, Corporate Communications
216-515-4393
For Valspar
Investor:
Bill Seymour
Vice President, Finance and Investor Relations
612-656-1328
Media:
Kimberly A. Welch
Vice President, Communications
612-656-1347
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- International Seaways, Inc. Announces Nomination of New Independent Directors
- /C O R R E C T I O N -- University of Bridgeport/
- NATURE'S OWN DEBUTS FOUR NEW PRODUCTS TO INSPIRE CULINARY CREATIVITY
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!