Business Context and Reporting Period
This Form 8-K filing by TTM Technologies, Inc. (TTM) reports a corporate event occurring on November 16, 2016. The filing details an underwritten public offering of common stock by a selling stockholder, not by the Company itself.
Key Financial Metrics
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the terms of a secondary equity offering.
- Shares Offered: 12,000,000 shares of common stock.
- Offering Price: $11.50 per share.
- Over-Allotment Option: 1,800,000 additional shares (exercised in full on November 18, 2016).
- Total Shares Sold: 13,800,000 shares.
- Proceeds to Company: $0. The Company receives no proceeds from this offering.
Material Changes
The material change reported is the execution of an Underwriting Agreement for the sale of shares held by a Selling Stockholder. This transaction increases the number of shares outstanding in the public market but does not alter the Company's capital structure or cash position directly, as the proceeds are retained by the Selling Stockholder.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of operational risks. The primary contingency noted is the satisfaction of customary closing conditions for the delivery of shares, which was expected to occur on November 22, 2016. The Underwriting Agreement includes customary representations, warranties, and indemnification obligations.
Investor Verification Checklist
- Verify the identity of the "Selling Stockholder" to assess potential dilution impact or insider sentiment.
- Confirm the final closing date and total number of shares issued, including the exercised option.
- Review the Company's subsequent filings (e.g., 10-Q or 10-K) for any indirect financial impact or changes in share count.
- Note that the Company received no capital from this transaction.