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 29, 2020
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
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Registrant’s telephone number, including area code: 781 -848-7100
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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 | ||
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Item 7.01 Regulation FD Disclosure.
On June 29, 2020, Haemonetics Corporation (the “Company”) completed the sale to GVS S.p.A. (“GVS”) of its Fajardo, Puerto Rico manufacturing operations for approximately $15.5 million in cash, which includes the transfer of approximately $7.5 million in positive net working capital to GVS as of closing, and simultaneously entered into a long-term supply and development agreement and transition services agreement with GVS, in each case consistent with the terms previously disclosed in the Company’s Current Report on Form 8-K dated June 11, 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HAEMONETICS CORPORATION | ||||||||||||||
| June 29, 2020 | By: | /s/ Christopher A. Simon | ||||||||||||
| Name: | Christopher A. Simon | |||||||||||||
| Title: | President and Chief Executive Officer | |||||||||||||