COTT CORP /CN/ false 0000884713 0000884713 2020-02-28 2020-02-28

 

 

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): February 28, 2020

 

Cott Corporation

(Exact name of registrant as specified in its charter) 

 

Canada

 

001-31410

 

98-0154711

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

Corporate Center III

4221 W. Boy Scout Blvd., Suite 400

Tampa, Florida, United States

33607

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (813) 313-1732

N/A

(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:

☐ 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))

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 shares without nominal or par value

 

COT

 

New York Stock Exchange

 

BCB

 

Toronto 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  ☐

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.  ☐

 

 

Item 2.01. Completion of Acquisition or Disposition of Assets.

As previously reported, on January 30, 2020, Cott Corporation (“Cott” or the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Cott Holdings Inc., a wholly-owned subsidiary of Cott (“Holdings”), S. & D. Coffee, Inc., a wholly-owned subsidiary of Cott (“S&D”), and Westrock Coffee Company, LLC (“Purchaser”), providing for the sale of all of the issued and outstanding equity of S&D to the Purchaser (the “Transaction”).

On February 28, 2020, the Company completed the Transaction. The purchase price was $405 million in cash, subject to customary post-closing adjustments. The Company’s unaudited pro forma condensed consolidated financial statements giving effect to the completion of the sale of S&D are filed as Exhibit 99.1 hereto.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with and effective upon the closing of the Transaction, Mr. Charles R. Hinson, Chief Executive Officer of S&D Coffee and Tea, ceased to be an executive officer of Cott.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No.

   

Description

         
 

99.1

   

Cott Corporation Unaudited Pro Forma Condensed Consolidated Financial Statements.

         
 

104

   

Cover Page Interactive Data (embedded within the Inline XBRL document).

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.

 

 

Cott Corporation

 

 

(Registrant)

         

March 2, 2020

 

 

             

 

 

By:

 

/s/ Marni Morgan Poe

 

 

 

Marni Morgan Poe

 

 

 

Chief Legal Officer and Secretary

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