0001301787-16-000223.txt : 20160901 0001301787-16-000223.hdr.sgml : 20160901 20160901063944 ACCESSION NUMBER: 0001301787-16-000223 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160901 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160901 DATE AS OF CHANGE: 20160901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlueLinx Holdings Inc. CENTRAL INDEX KEY: 0001301787 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER, PLYWOOD, MILLWORK & WOOD PANELS [5031] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32383 FILM NUMBER: 161864520 BUSINESS ADDRESS: STREET 1: 4300 WILDWOOD PARKWAY CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 770-953-7000 MAIL ADDRESS: STREET 1: 4300 WILDWOOD PARKWAY CITY: ATLANTA STATE: GA ZIP: 30339 8-K 1 a8-kaugust2016.htm 8-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 1, 2016
 
BLUELINX HOLDINGS INC.
(Exact name of registrant specified in its charter)
 
Delaware
001-32383
77-0627356
(State or other
(Commission
(I.R.S. Employer
jurisdiction of
incorporation)
File Number)
Identification No.)
 
 
4300 Wildwood Parkway, Atlanta, Georgia
30339
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (770) 953-7000
 
Not applicable
(Former name or former address, if changed since last report.)
 
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 (see General Instruction A.2. below):

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 September 1, 2016, BlueLinx Holdings Inc. (“BlueLinx” or “the Company”) issued a press release announcing sales of certain properties, while providing an update on the Company’s real estate optimization efforts. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information included in this Item 8.01, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01     Financial Statements and Exhibits

(d)        Exhibits

Exhibit No.
 
Description
99.1
 
Press release






SIGNATURES
 
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.
 
 
 
 
 
 
BlueLinx Holdings Inc.
 
 
 
(Registrant)
 
 
 
 
 
Dated: September 1, 2016
By:
/s/ Shyam K. Reddy
 
 
 
Shyam K. Reddy
 
 
 
Senior Vice President, General Counsel, and Corporate Secretary

 


 
 



EX-99.1 2 ex991pressrelease-august20.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1



bxclogoa14.jpg
4300 Wildwood Parkway
Atlanta, GA  30339
1-888-502-BLUE
www.BlueLinxCo.com

BlueLinx Contact Information:
 
 
Susan O’Farrell, SVP, CFO & Treasurer
 
Natalie Poulos, Investor Relations
BlueLinx Holdings Inc.
 
BlueLinx Holdings Inc.
(770) 953-7000
 
(770) 953-7522
 
 
investor.relations@bluelinxco.com

FOR IMMEDIATE RELEASE

BlueLinx Advances Delevering Strategy with Completion of Three Facility Sales
Provides Update on Real Estate Sale Optimization Efforts

ATLANTA - September 1, 2016 - BlueLinx Holdings Inc. (NYSE:BXC), announced today that it has recently completed the sale of its Jackson, Mississippi; Little Rock, Arkansas; and Shreveport, Louisiana facilities, for aggregate net proceeds of approximately $1.9 million.
In addition to these property sales, the Company has six other non-operating facilities under contract with various purchasers in transactions expected to generate in excess of approximately $30 million of aggregate net proceeds before year-end, subject to satisfaction of customary closing conditions. The Company also continues to actively market several Company-owned operating facilities for possible sale leaseback transactions as part of the Company’s real estate sale optimization efforts.
The net proceeds arising out of these real estate efforts are being used to pay down the Company’s mortgage. There can be no assurance, however, that any of these pending or potential sales will close on favorable terms, or at all.
“Earlier this year we announced an initiative to reduce the Company’s financial leverage and improve our working capital performance. We are pleased to share that we are continuing to successfully execute on our strategy to deleverage BlueLinx by reducing our mortgage as a result of these transactions,” said Mitch Lewis, President and Chief Executive Officer.
About BlueLinx Holdings Inc.
BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in the United States. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its national network of distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its website at www.BlueLinxCo.com.
Forward-looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our ability to return to profitability, and our guidance regarding anticipated financial results. All of these forward-looking statements are based on estimates and assumptions made by our management that, although believed by BlueLinx to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of BlueLinx’s control that may cause its business, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include, among other things: changes in the prices, supply and/or demand for products that it distributes; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the

1



availability of capital and interest rates; adverse weather patterns or conditions; acts of cyber intrusion; the Company’s ability to realize expected net proceeds from its real estate sales optimization efforts to meet the debt reduction obligations under the Company’s mortgage; and other factors described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for the year ended January 2, 2016, its Quarterly Reports on Form 10-Q, and in its periodic reports filed with the Securities and Exchange Commission from time to time. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. BlueLinx undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, and changes in expectation or otherwise, except as required by law.



2
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