Current Report Filing (8-k)
July 18 2017 - 6:05AM
Edgar (US Regulatory)
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): July 18, 2017 (July 17, 2017)
FLOWERS FOODS, INC.
(Exact name of registrant as specified in its charter)
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Georgia
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1-16247
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58-2582379
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1919 Flowers Circle, Thomasville, GA
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31757
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (229)
226-9110
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):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 2.05.
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Costs Associated with Exit or Disposal Activities.
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On July 17, 2017, Flowers
Foods, Inc. (the Company) commenced a voluntary employee separation incentive plan (the VSIP) as part of its effort to restructure, streamline operations and better position the Company for profitable growth. The VSIP is
available to certain salaried employees who meet the VSIPs age,
length-of-service
and business function criteria. Employees who elect to participate in the VSIP
will receive enhanced separation benefits. The VSIP is expected to be substantially completed by the end of fiscal 2017.
The Company
currently does not know which employees will elect to participate in the VSIP. Accordingly, the Company is unable to estimate the costs of the VSIP, which will consist primarily of employee severance and benefits-related costs. The Company will
provide an estimate of the amount or range of costs and benefits when a good faith determination can be made, which is expected to be in the third quarter of 2017.
A copy of the press release announcing the VSIP is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits.
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Exhibit
Number
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Description
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99.1
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Press Release of Flowers Foods, Inc. dated July 17, 2017
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2
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.
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FLOWERS FOODS, INC.
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By:
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/s/ R. Steve Kinsey
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Name:
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R. Steve Kinsey
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Title:
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Executive Vice President and Chief Financial Officer
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Dated:
July 18, 2017
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EXHIBIT INDEX
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Exhibit
Number
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Description
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99.1
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Press Release of Flowers Foods, Inc. dated July 17, 2017
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4
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