0001354327-14-000062.txt : 20141219 0001354327-14-000062.hdr.sgml : 20141219 20141218210054 ACCESSION NUMBER: 0001354327-14-000062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141218 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20141219 DATE AS OF CHANGE: 20141218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PGT, Inc. CENTRAL INDEX KEY: 0001354327 STANDARD INDUSTRIAL CLASSIFICATION: METAL DOORS, SASH, FRAMES, MOLDING & TRIM [3442] IRS NUMBER: 200634715 STATE OF INCORPORATION: DE FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52059 FILM NUMBER: 141297514 BUSINESS ADDRESS: STREET 1: 1070 TECHNOLOGY DRIVE CITY: NORTH VENICE STATE: FL ZIP: 34275 BUSINESS PHONE: 941-480-1600 MAIL ADDRESS: STREET 1: 1070 TECHNOLOGY DRIVE CITY: NORTH VENICE STATE: FL ZIP: 34275 8-K 1 form8k_121814.htm CURRENT REPORT ON FORM 8-K 12-18-2014 form8k_121814.htm

 
 

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): December 17, 2014
 
 
PGT, Inc.
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
000-52059                                                                20-0634715
 (Commission File Number)             (IRS Employer Identification No.)
 
 
1070 Technology Drive, North Venice, Florida 34275
(Address of Principal Executive Offices, Including Zip Code)
 
 
(941) 480-1600
(Registrant's Telephone Number, Including Area Code)
 
 

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:

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

ITEM 1.01.  Entry into a Material Definitive Agreement.

On December 17, 2014, PGT, Inc., through its wholly-owned subsidiary PGT Industries, Inc. (the “Company”) entered into a Supply Agreement (the “Agreement”), with Kuraray America, Inc., (“Kuraray”) for the supply by Kuraray and the purchase by the Company of 100% of the Company’s requirements of Butacite® polyvinyl butyral interlayer and SentryGlas® ionoplast interlayer, each produced by Kuraray and sold pursuant to the Agreement.  A copy of the Agreement is included herein as Exhibit 10.1.


ITEM 9.01.
 Financial Statements and Exhibits.
 
(d)
Exhibits
 
See Exhibit Index.






 
 


 

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.

PGT, INC.


By: /s/   Mario Ferrucci III           
       Name:  Mario Ferrucci III
       Title:  Vice President, General Counsel, and
         Secretary



    Dated:  December 18, 2014


 
 

EXHIBIT INDEX
 
     
Exhibit No.
  
Description
10.1
  
Supply Agreement, executed on December 17, 2014, by and between PGT Industries, Inc. and Kuraray America, Inc.





 
 
 


 
 

 

EX-10.1 2 ex101-121814.htm SUPPLY AGREEMENT ex101-121814.htm
                                                       Exhibit 10.1
 
This Sales Contract ("Contract") is effective as of the 1st day of January, 2015, by and between
Kuraray America, Inc.,
The Applied Bank Center
2200 Concord Pike
Wilmington, DE  19803
(hereinafter known as “Kuraray” or “Seller”)
and
PGT Industries, Inc.
1070 Technology Drive
Nokomis, FL 34275
(hereinafter known as “Buyer")

Kuraray and PGT Industries, Inc. are hereinafter collectively referred to as the “Parties” and individually as a “Party.”  Intending to be legally bound, Buyer agrees to purchase from Kuraray and Kuraray agrees to sell to Buyer pursuant to the following conditions:


1. PRODUCTS/QUANTITY.  Kuraray shall sell and Buyer shall purchase Butacite® polyvinyl butyral interlayer and SentryGlas® ionoplast interlayer (“Product(s)”).  Buyer agrees throughout the term of this Contract that it will purchase one hundred percent (100%) of its laminated glass interlayer requirements for PGT Branded Products from Kuraray.

2. TERM OF CONTRACT.  This Contract shall be effective from January 1, 2015 to December 31, 2016.

3. PRICE.  Buyer shall pay Kuraray the prices listed in Attachment B for the Products it purchases from Kuraray for all of calendar year 2015. The prices stated in Attachment B may be changed by Kuraray only in accordance with the price increase provision in Attachment B.  Such changes shall be applicable to all material shipped hereunder on and after the date they become effective, unless subsequently again revised by Seller as provided herein.  In the event Buyer desires to terminate this Contract early as a result of any price increase, Buyer shall have the option to terminate within thirty (30) days after the price increase announcement.  If Buyer elects to terminate, Buyer will provide Seller thirty (30) days prior written notice of its intent to terminate upon receiving the price increase notification.  Notwithstanding termination, Buyer will be obligated to purchase any inventory, Product in transit, or Product made specifically for Buyer.

4. DELIVERY TERMS. Delivery will be made within the 48 contiguous United States and Canada.  Transportation will be by method, route and carrier selected by Kuraray; Buyer to bear the excess cost of any alternate method, route, or carrier selected by Buyer. Buyer will be provided a freight credit or discount for any material backhauled from Kuraray on Buyer’s equipment.

5. USER PROTECTION.  Buyer acknowledges that it has received and is familiar with Kuraray’s labeling and literature concerning the Products and will communicate such information to its employees who handle, use, or process such Products.

6. ENTIRE AGREEMENT.  This Contract along  with Kuraray’s  Terms and Conditions for Sale constitute the
entire contract between the Parties regarding the subject matter described herein.  The Terms and Conditions for Sale are attached hereto and marked as Attachment A.  There are no other agreements, warranties, terms or conditions, expressed or implied, between the Parties.






7.  
ASSIGNMENT/AMENDMENT/WAIVER.  This Contract is  neither  assignable nor transferable, in whole or
in part, except by in writing signed by both Parties.  This Contract may not be amended except by in writing signed by both Parties.  No waiver of any provision of this Contract by either Party shall be enforceable against that Party unless it is in writing and signed by both Parties.

8.  
NOTICES.  All notices required  hereunder shall be sent by United  States Postal or a recognized carrier to
to the Party to be notified at the addresses specified above.

9.  HARDSHIP.  The Parties agree that it is not their intention that the effect or consequences of entering into this Contract should be to cause hardship but, despite the Parties’ best intent and as a result of changes in economic or market conditions, such hardship may be caused to either Party in complying with the terms of this Contract at the negotiated prices.  If such hardship arises, either Party may give notice in writing that it wishes to review the provisions of this Contract in light of such changed economic or market conditions.  The Parties agree that within thirty (30) days of the giving of such notice by either Party, the Parties shall negotiate in good faith modifications to this Contract to relieve such hardship in a manner equitable to both Parties.  If, within forty-five (45) days after giving of such notice, the Parties are unable to agree upon modification to this Contract, either Party may refer the dispute to an upper management representative from both Parties.  If thirty (30) days after the referral date, the Parties are still unable to resolve the dispute, the dispute shall be referred to arbitration and settled by binding arbitration in accordance with the rules of the American Arbitration Association.

10. TERMS  AND   CONDITIONS   OF  SALE.  All  sales  and  purchases  under  this  Contract  are  subject to
Kuraray’s Terms and Conditions of Sale (attached hereto as Attachment A) except to the extent inconsistent with the terms of this Contract.

11. GOVERNING LAW.  This Contract shall be governed by the laws of the State of Delaware.

12. CONFIDENTIALITY.  Any knowledge or information disclosed between Buyer and Kuraray which relates in
any way to the Products and services of this Contract, the prices contained within the Contract,  or the fact of this Contract, unless otherwise agreed to in writing, or required by a governmental agency, shall be deemed proprietary and confidential and shall not be disclosed by either Party to any third party.  Both Parties shall keep confidential any technical, process, or economic information derived from the other in connection with this Contract and shall not divulge such information, directly or indirectly, for the benefit of any Party unless previously agreed to in writing by the other Party.




PGT INDUSTRIES, INC.                                                                                                   KURARAY AMERICA, INC



By: /s/ Brad Voss                                                                                          By: /s/ Stephen L. Cox                                                      

By: Brad Voss                               By: Stephen L. Cox 

Title:  Director - Strategic Purchasing                                     Title: Vice President - Glass Laminating Solutions / Vinyls

Date: ___________________________________                              Date: ___________________________________