Performance Food Group Co. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Performance Food Group Company on December 7, 2017. The report details the closing of a previously announced underwritten secondary offering of common stock.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The transaction involved the sale of 6,272,914 shares of common stock at a public offering price of $30.00 per share. The Selling Stockholder received all net proceeds from the offering; the Company received no proceeds from this transaction.
Material Changes
The primary event reported is the completion of the secondary offering on December 7, 2017. No material changes to the Company's financial position or operations are reported in this filing, as the proceeds were not received by the Company.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies related to the Company's operations. The document focuses solely on the mechanics of the stock offering and the filing of the legal opinion from Simpson Thacher & Bartlett LLP.
Key Facts for Investor Verification
- The secondary offering of 6,272,914 shares closed on December 7, 2017.
- The public offering price was $30.00 per share.
- The Company did not receive any proceeds from this offering; all net proceeds went to the Selling Stockholder.
- The offering was registered under the Company's Form S-3 filed on November 16, 2016.