Monro, Inc 8-K, filed Feb 14, 2020
Monro, Inc. (MNRO)
About this 8-K
Monro, Inc filed this 8-K on February 14, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934.
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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).
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| Item 8.01 | Voluntary Disclosure of Other Events |
On February 14, 2020, Monro, Inc. (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $.22 per share for the fourth quarter of the Company’s 2020 fiscal year, ending March 28, 2020. The dividend will be payable on March 24, 2020 to shareholders of record as of March 13, 2020, including shares of common stock to which the holders of the Company’s Class C Convertible Preferred Stock are entitled.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | The following is a list of exhibits furnished with this Current Report on Form 8-K: |
| Exhibit |
Description | |||
| 99.1 |
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| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONRO, INC. | ||||||
| (Registrant) | ||||||
| February 14, 2020 |
By: |
/s/ Maureen E. Mulholland | ||||
| Maureen E. Mulholland | ||||||
| Senior Vice President – General Counsel and Secretary |
Exhibit 99.1
| CONTACT: | Kim Rudd |
| Executive Assistant |
| (585) 784-3324 |
| Investors and Media: Melanie Dambre / Jamie Baird |
| FTI Consulting |
| (212) 850-5600 |
FOR IMMEDIATE RELEASE
MONRO, INC. DECLARES QUARTERLY CASH DIVIDEND
ROCHESTER, N.Y. – February 14, 2020 – Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.22 per share on the Company’s outstanding shares of common stock, including the shares of common stock to which the holders of the Company’s Class C Convertible Preferred Stock are entitled. The dividend is payable on March 24, 2020 to shareholders of record at the close of business on March 13, 2020.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a chain of 1,288 Company-operated stores, 99 franchised locations, eight wholesale locations and three retread facilities providing automotive undercar repair and tire sales and services. The Company operates in 32 states, serving the MidAtlantic and New England regions and portions of the Great Lakes, Midwest, Southeast and Western United States. The predecessor to the Company was founded by Charles J. August in 1957 as a Midas Muffler franchise. In 1966, Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of newly constructed stores. The Company went public in 1991 and trades on The Nasdaq Stock Market under the symbol MNRO.