Sportsman's Warehouse Holdings, Inc 8-K, filed Jul 26, 2023
Sportsman's Warehouse Holdings, Inc. (SPWH)
About this 8-K
Sportsman's Warehouse Holdings, Inc filed this 8-K on July 26, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
On July 26, 2023, Sportsman’s Warehouse Holdings, Inc. (the “Company”) issued a statement in response to the Schedule 13D/A filing made by Cannell Capital LLC (“Cannell”) with the U.S. Securities and Exchange Commission on July 25, 2023.
The full text of the statement is set forth below:
“Our management team and Board are confident we are taking the right steps to create value for all stockholders. This includes working expeditiously to hire a long-term CEO to lead the Company forward. Our current Board is comprised of seven highly qualified directors with a diverse skillset, more than half of whom have been added in the past four years. We remain open to engaging with all stockholders and to reaching a constructive solution with Cannell that avoids any further unnecessary public distraction for the Company.”
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in any such filing.
Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Current Report on Form 8-K include, but are not limited to, statements regarding: the steps taken by our management team and our board of directors to create value for all stockholders, including our ongoing efforts to hire a long-term CEO to lead the Company forward. Investors can identify these statements by the fact that they use words such as “aim,” “anticipate,” “assume,” “believe,” “can have,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “likely,” “may,” “objective,” “plan,” “positioned,” “potential,” “predict,” “should,” “target,” “will,” “would” and similar terms and phrases. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management’s beliefs and assumptions. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to many factors including, but not limited to: our inability to find a new CEO on our anticipated timeline; the impact of the announcement of a successor CEO on the Company’s stock and its employees, suppliers and customers; our inability to reach a constructive solution with Cannell and the resulting diversion of management resources and additional expenses incurred; general economic, market and other conditions and changes in consumer spending; macroeconomic factors, such as political trends, social unrest, inflationary pressures, and recessionary trends; the Company’s expansion into new markets and planned growth; the impact of COVID-19 on the Company’s operations; and other factors that are set forth in the Company's filings with the SEC, including under the caption “Risk Factors” in the Company’s Form 10-K for the fiscal year ended January 28, 2023 which was filed with the SEC on April 13, 2023, and the Company’s other public filings made with the SEC and available at www.sec.gov. If one or more of these risks or uncertainties materialize, or if any of the Company’s assumptions prove incorrect, the Company’s actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this Current Report on Form 8-K speaks only as of the date on which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
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.
| SPORTSMAN’S WAREHOUSE HOLDINGS, INC. | ||
| By: | /s/ Jeff White | |
| Name: | Jeff White | |
| Title: | Secretary and Chief Financial Officer | |
Date: July 26, 2023