As filed with the Securities and Exchange Commission on June 1, 2015
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 26, 2015
B&G Foods, Inc.
(Exact name of Registrant as specified in its charter)
Delaware |
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001-32316 |
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13-3918742 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
of Incorporation) |
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File Number) |
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Identification No.) |
Four Gatehall Drive, Parsippany, New Jersey |
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07054 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (973) 401-6500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On May 26, 2015, B&G Foods entered into a logistics services agreement with DSC Logistics, Inc., a leading logistics and supply chain management company. Pursuant to the agreement, DSC will, after a transition period, provide all warehousing and distribution management services at B&G Foods three primary distribution centers.
The initial term of the agreement is five years. Pursuant to the agreement, the parties will negotiate annual budgets for the warehousing and distribution services. B&G Foods will reimburse DSC for its actual costs of performing the services on a cost-plus basis that includes a management fee to DSC. The agreement specifies certain key performance indicators by which DSCs performance will be measured.
On May 29, 2015, B&G Foods issued a press release announcing the agreement with DSC. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated May 29, 2015.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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B&G FOODS, INC. | |
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Dated: June 1, 2015 |
By: |
/s/ Scott E. Lerner |
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Scott E. Lerner |
Exhibit 99.1
B&G Foods Announces Strategic Partnership with DSC Logistics
DSC Logistics to Provide Logistics Services for B&G Foods Distribution Centers
PARSIPPANY, N.J., May 29, 2015 B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into a five-year logistics services agreement with DSC Logistics, a leading logistics and supply chain management company. Pursuant to the agreement, DSC will provide all warehousing and distribution management services at B&G Foods three primary distribution centers after the distribution centers are transitioned over the next three to nine months.
Robert C. Cantwell, President and Chief Executive Officer of B&G Foods, stated, We are excited to partner with DSC Logistics. DSCs capabilities and experience providing logistics services in the food industry make them an excellent choice to help us improve customer service and ensure that our warehousing and distribution systems are well-equipped to support our acquisition strategy and expected future growth. In addition, we expect to begin realizing cost benefits from this arrangement during the second half of 2016.
B&G Foods has awarded DSC Logistics the logistics management of its distribution centers because of DSCs track record of excellent service, our collaborative approach and B&G Foods confidence in our ability to execute, remarked Ann Drake, Chief Executive Officer of DSC Logistics. We look forward to working with B&G Foods, and are committed to helping B&G Foods achieve its business goals and future growth objectives.
About DSC Logistics, Inc.
DSC Logistics is a leader in transforming logistics and supply chain management into a critical business strategy based on collaborative partnerships, innovative thinking, and high-performance operations. DSC achieves the business goals of Fortune 500 and other dynamic companies by designing, integrating, managing and adapting customized supply chain solutions. As a Lead Logistics Partner (LLP) and third-party logistics (3PL) provider, DSC delivers value by reducing total system costs, optimizing business processes, facilitating growth and change, and maximizing the potential of the supply chain. In todays environment, filled with rapid and unpredictable change, DSC helps customers achieve their goals by being ready for anything! For more information: www.dsclogistics.com.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods products are marketed under many recognized brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Carys, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emerils, Grandmas Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonalds, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirates Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappeys, TrueNorth, Underwood, Vermont Maid and Wrights. B&G Foods also sells and distributes Static Guard, a household product brand.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute forward-looking statements. The forward-looking statements contained in this press release include without limitation statements related to B&G Foods expectations regarding the timing of the transition of logistics services at the three distribution centers from B&G Foods to DSC, cost benefits and the timing thereof, improved customer service, and the ability of such warehousing and distribution services to support B&G Foods acquisition strategy and expected future growth. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms believes, belief, expects, projects, intends, anticipates or plans to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods filings with the Securities and Exchange Commission, including under Item 1A, Risk Factors in the Companys most recent Annual Report on Form 10-K and in its subsequent reports, if any, on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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