Ingles Markets Inc 8-K, filed Jun 9, 2020
Ingles Markets Inc (IMKTA)
About this 8-K
Ingles Markets Inc filed this 8-K on June 9, 2020, reporting on events of June 8, 2020.
Items reported
- Item 8.01: Other events
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) | June 8, 2020 |
|---|
INGLES MARKETS, INCORPORATED
(Exact name of registrant as specified in its charter)
| North Carolina | 0-14706 | 56-0846267 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| P.O. Box 6676, Asheville, North Carolina | 28816 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant’s telephone number, including area code | (828) 669-2941 | |
| --- | --- |
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 |
|---|---|---|
| Class A Common Stock, $0.05 par value per share | IMKTA | The NASDAQ Global Select Market |
| 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<br> Exchange Act. | [ ] |
Item 8.01 Other Events
On June 8, 2020, the Company announced the redemption of $150 million of its 5.75% Senior Notes due 2023 (the “Notes”). The Notes will be redeemed July 9, 2020, at 100.958% and the company will recognize debt extinguishment costs of $2.0 million during the quarter ended September 26, 2020. The redemption is expected to be funded by internally generated funds.
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.
| INGLES MARKETS, INCORPORATED | ||
|---|---|---|
| (Registrant) | ||
| Date: June 9, 2020 | ||
| By: | /s/ Ronald B. Freeman | |
| Ronald B. Freeman | ||
| Chief Financial Officer |