MSC Industrial Direct Co., Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by MSC Industrial Direct Co., Inc. on October 21, 2010. The report addresses corporate events occurring on the same date, specifically regarding shareholder distributions.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend declarations:
- Regular Quarterly Dividend: $0.22 per share
- Special Cash Dividend: $1.00 per share
- Total Dividend Declaration: $1.22 per share
Material Changes
The material change reported is the declaration of a special cash dividend in addition to the regular quarterly dividend. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, specific risks, or contingencies beyond the announcement of the dividend. The full press release is incorporated by reference as Exhibit 99.1 but is not included in the provided text.
Investor Verification Checklist
- Verify the record date and payment date for the $0.22 regular and $1.00 special dividends.
- Review the full text of the press release (Exhibit 99.1) for context on the special dividend rationale.
- Confirm the company's cash position in the most recent 10-Q or 10-K to assess the impact of the total $1.22 per share payout on liquidity.