Business Context and Reporting Period
Company: Integer Holdings Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 28, 2016
Event Date: November 22, 2016
Context: The filing reports a temporary suspension of trading (blackout period) under the Greatbatch, Inc. 401(k) Retirement Plan due to the liquidation of Integer Holdings Corporation common stock held in the plan's stock fund.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing discloses a procedural change regarding employee and insider trading capabilities rather than a change in financial condition or operations. Specifically, a blackout period was initiated to facilitate the liquidation of company stock within the 401(k) plan.
Guidance, Outlook, and Risks
- Blackout Period Details: Scheduled to begin at 4:00 p.m. Eastern Time on Monday, December 19, 2016, and expected to end during the week of February 12, 2017.
- Restrictions: Plan participants cannot direct or diversify investments in or out of the Stock Fund during this period.
- Insider Trading Prohibition: Directors and officers are prohibited from purchasing or selling shares of Common Stock (including derivatives) acquired through service or employment during the blackout period, pursuant to Section 306(a) of the Sarbanes-Oxley Act.
- Information Access: Security holders may obtain information regarding the actual beginning and ending dates of the blackout period by contacting the General Counsel for two years following the end of the period.
Investor Verification Checklist
- Verify the actual start and end dates of the blackout period, as the filing only provides an expected end date (week of February 12, 2017).
- Confirm the status of the liquidation of Integer Holdings Corporation shares within the Greatbatch, Inc. 401(k) Plan.
- Review the attached Exhibit 99.1 for the full text of the Blackout Notice sent to directors and officers.