Fabrinet 8-K Filing Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fabrinet on September 2, 2015, regarding a material definitive agreement entered into on the same date. The transaction involves Fabrinet Co., Ltd., a wholly-owned subsidiary of the registrant.
Key Financial Metrics
The filing details a specific capital expenditure transaction rather than periodic financial performance metrics. The total purchase price for the real estate is 426,142,000 Thai Baht (approximately $11.85 million). Approximately 20% of this amount has been deposited into escrow. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The primary material change is the entry into a land purchase agreement to acquire a parcel of real estate in Chonburi, Thailand. The property consists of approximately 120.04 rai (47.4 acres). The seller is Hemaraj Land and Development Public Company Limited.
Outlook, Risks, and Unusual Items
The balance of the purchase price is scheduled to be paid at the close of escrow, expected on or before December 22, 2015. This closing is subject to the satisfaction of closing conditions. No other risks, contingencies, or management commentary regarding future guidance are provided in this specific filing.
Key Facts for Investor Verification
- Transaction Date: September 2, 2015.
- Asset Acquired: 47.4 acres of land in Chonburi, Thailand.
- Total Cost: Approximately $11.85 million (426,142,000 Thai Baht).
- Payment Status: 20% deposited in escrow; balance due at closing.
- Closing Deadline: On or before December 22, 2015, subject to conditions.