8-K
National Beverage Corp (FIZZ)
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): December 2, 2021
National Beverage Corp.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 1-14170 | 59-2605822 |
|---|---|
| (Commission File Number) | (IRS Employer Identification No.) |
| 8100 SW Tenth Street, Suite 4000 | |
| Fort Lauderdale, Florida | 33324 |
| (Address of Principal Executive Offices) | (Zip Code) |
(954) 581-0922
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
| Title of each Class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $.01 per share | FIZZ | The NASDAQ Global Select Market |
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):
| ☐ | 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)) |
| --- | --- |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 Other Events
On December 2, 2021, National Beverage Corp. announced a special cash dividend of $3.00 per share to shareholders of record on December 13, 2021 to be paid on or before February 11, 2022. This press release is furnished as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
| (d) Exhibit 99.1 | Press release dated December 2, 2021 announcing the Company’s declaration of a special cash dividend. |
|---|---|
| Exhibit 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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 thereunto duly authorized.
National Beverage Corp.
(Registrant)
| By: | /s/ George R. Bracken |
|---|
George R. Bracken
Executive Vice President – Finance
(Principal Financial Officer)
Date: December 3, 2021
EXHIBIT INDEX
| 99.1 | Press release dated December 2, 2021 announcing the Company’s declaration of a special cash dividend. |
|---|---|
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
| --- | --- |
ex_313083.htm
Exhibit 99.1
 <br><br> <br>NASDAQ: FIZZ<br><br> <br>For Immediate Release<br><br> <br>Contact: Office of the Chairman, Grace Keene |
|---|
NATIONAL BEVERAGE CORP.
AGAIN ENRICHES THE HOLIDAY SEASON
WITH A SPECIAL CASH DIVIDEND
FORT LAUDERDALE, FL, December 2, 2021 . . . National Beverage Corp. (NASDAQ: FIZZ) today announced its Board of Directors has declared a special cash dividend of $3.00 per share to shareholders of record on December 13, 2021. FIZZ will trade ex-dividend on December 10, 2021 and the payment date for this distribution will be on or before February 11, 2022.
“With this special cash dividend, our eleventh in the past 17 years, FIZZ holders will have received $13.28 per share or over $1.2 billion,” stated a company spokesperson. “Our superior performance and innovative products have continued to generate strong operating cash flow and allowed us to reward shareholders while maintaining one of the industry’s strongest balance sheets. As our nation faces new and lingering pandemic-related concerns, supply chain issues and uncertainty regarding future tax legislation, we feel exceptionally blessed to brighten this holiday season for loyal FIZZ holders.”
“One of Team National’s profound tenets is its dedication to do good and give back . Since the beginning of the pandemic, we have refreshed devoted hospital workers with shipments of LaCroix and continue our steadfast support of numerous community groups and charitable organizations. Our sincere hope is to share our mission of giving to others and bringing joy throughout this special time of year,” the spokesperson concluded.
National Beverage plans to announce results for its second quarter ended October 30, 2021 on or before December 9, 2021.
“Patriotism” **** – If Only We Could Bottle It!
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims an obligation to update or announce revisions to any forward-looking statements.
