0001474903-16-000116.txt : 20160603 0001474903-16-000116.hdr.sgml : 20160603 20160603111308 ACCESSION NUMBER: 0001474903-16-000116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160602 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160603 DATE AS OF CHANGE: 20160603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BG Staffing, Inc. CENTRAL INDEX KEY: 0001474903 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 260656684 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36704 FILM NUMBER: 161694564 BUSINESS ADDRESS: STREET 1: 5850 GRANITE PARKWAY STREET 2: SUITE 730 CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 972-692-2422 MAIL ADDRESS: STREET 1: 5850 GRANITE PARKWAY STREET 2: SUITE 730 CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: LTN Staffing, LLC DATE OF NAME CHANGE: 20091020 8-K 1 form8-k06x03x16.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):
June 2, 2016
 
 
BG STAFFING, INC.

(Exact Name of Registrant as Specified in its Charter)
 
Delaware
001-36704
26-0656684
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification
Number)
  
5850 Granite Parkway, Suite 730
Plano, Texas 75024
(Address of principal executive offices, including zip code)
 
(972) 692-2400
(Registrant’s telephone number, including area code)
 
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 obligations 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 8.01
Other Events.

On June 2, 2016, BG Staffing, Inc. (the “Company”) issued a press release announcing that it had sold, in a previously announced public offering, 1,075,000 shares of the Company’s common stock, par value $0.01 per share, at a price to the public of $14.00 per share.
The press release is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference.


Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits
Exhibit No.
Description
 
 
99.1
Press release dated
June 2, 2016











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.
 
 
 
 
BG STAFFING, INC.
 
 
 
 
 
 
 
 
Date:
June 3, 2016
 
/s/ Dan Hollenbach
 
 
Name:
Title:
Dan Hollenbach
Chief Financial Officer and Secretary
(Principal Financial Officer)






















    






EXHIBIT INDEX
Exhibit No.
Description
 
 
99.1
Press release dated
June 2, 2016



    

EX-99.1 2 ex991closingpressreleasebg.htm EXHIBIT 99.1 Exhibit



BG STAFFING, INC. CLOSES $15 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK

PLANO, Texas – June 2, 2016 BG Staffing, Inc. (NYSE MKT: BGSF), a rapidly growing national provider of temporary staffing services, today closed its previously announced underwritten public offering of 1,075,000 newly issued shares of the Company's common stock at the public offering price of $14.00 per share. The gross proceeds of this offering were $15,050,000. Net proceeds to the Company, after deducting the underwriter’s discounts and commission and other estimated offering expenses payable by the Company, were approximately $13.6 million.
The Company intends to use the net proceeds received from the sale of the common stock to reduce outstanding indebtedness.
Roth Capital Partners and Taglich Brothers are acting as book-running managers for the offering.
The securities described above are being offered by BG Staffing pursuant to a shelf registration statement on Form S-3 previously filed with and subsequently declared effective by the Securities and Exchange Commission. The offering will be made only by means of the written prospectus and prospectus supplement that form a part of the registration statement. An electronic prospectus supplement and the accompanying prospectus relating to the offering has also been filed with the SEC and is available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from Roth Capital Partners, 888 San Clemente, Newport Beach, California 92660, Attn: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com, or from Taglich Brothers, 275 Madison Avenue, Suite 1618, New York, New York 10016, Attn: Robert Schroeder, via telephone (212) 661-6886 or via email at schroeder@taglichbrothers.com.
This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of BG Staffing being offered, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About BG Staffing, Inc.
Headquartered in Plano, Texas, BG Staffing provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a temporary staffing platform that has integrated several regional and national brands.

Forward-Looking Statements
The forward looking statements in this press release, including with respect to the intended use of the proceeds of the offering, are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results could differ materially from those indicated by forward-looking statements because of various risks and uncertainties including those listed in Item 1A of the Company’s Annual Report on Form 10-K and in the Company’s other filings and reports with the Securities and Exchange Commission, including in the “Risk Factors” section of the prospectus supplement. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this press release, the words “believes,” “plans,” “expects,” “will,” “intends,” and “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT:
Terri MacInnis, VP of Investor Relations
Bibicoff + MacInnis, Inc.
818.379.8500
terri@bibimac.com



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