Current Report Filing (8-k)
April 10 2020 - 1:39PM
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): April 7, 2020
STONEMOR INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-39172
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80-0103159
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(State or other jurisdiction
of incorporation)
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(Commission
File No.)
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(IRS Employer
Identification No.)
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3600 Horizon Boulevard
Trevose, Pennsylvania
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19053
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(Address of principal executive offices)
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(Zip Code)
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(215) 826-2800
Registrants 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 obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, $0.01 par value per share
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STON
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New York Stock Exchange
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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 2.01.
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Completion of Acquisition or Disposition of Assets.
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On April 7, 2020, StoneMor California Subsidiary, Inc. and StoneMor California, Inc. (collectively, the Company), both
of which are indirect wholly-owned subsidiaries of StoneMor Inc., a Delaware corporation (the Registrant), completed the previously announced sale of substantially all of the assets of the cemetery, funeral establishment and
crematory commonly known as Olivet Memorial Park, Olivet Funeral and Cremation Services, and Olivet Memorial Park & Crematory pursuant to the terms of an Asset Sale Agreement (the Agreement) with Cypress Lawn Cemetery
Association for a net cash purchase price of $24.3 million, subject to certain adjustments, and the assumption of certain liabilities, including $17.1 million in land purchase obligations.
The foregoing description of the Agreement, and the transactions contemplated thereby, does not purport to be complete and is subject to, and
qualified in its entirety by reference to, the full text of the Agreement, a copy of which was included as Exhibit 2.1 to the Current Report on Form 8-K filed by the Registrant with the Securities and Exchange
Commission on March 20, 2020 and is incorporated herein by reference.
Item 7.01
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Regulation FD Disclosure.
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On April 9, 2020, the Registrant issued a press release announcing the closing of the transactions contemplated by the Agreement. A copy
of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be filed for the purposes
of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into any filing made by the Registrant pursuant to the Securities Act or the Exchange Act, other than to the
extent that such filing incorporates any or all of such information by express reference thereto.
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits:
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Date: April 10, 2020
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STONEMOR INC.
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By:
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/s/ Jeffrey DiGiovanni
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Jeffrey DiGiovanni
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Senior Vice President, Chief Financial Officer
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