UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of report (Date of earliest event reported): November 20, 2018 |
National Beverage Corp.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 1-14170 | 59-2605822 | |||
| (Commission File Number) |
(IRS Employer Identification No.) |
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| 8100 SW Tenth Street, Suite 4000 | ||||
| Fort Lauderdale, Florida | 33324 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
(954) 581-0922
(Registrant’s Telephone Number, Including Area Code)
(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 (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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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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
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Item 8.01 |
Other Events |
On November 20, 2018, National Beverage Corp. announced a special cash dividend of $2.90 per share to shareholders of record on November 30, 2018 to be paid on or before January 29, 2019. This press release is furnished as Exhibit 99.1 hereto.
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Item 9.01 |
Financial Statements and Exhibits |
(c) Exhibit 99.1 Press release dated November 20, 2018.
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 thereunto duly authorized.
National Beverage Corp.
(Registrant)
| Date: November 21, 2018 |
/s/ George R. Bracken |
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George R. Bracken |
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| Executive Vice President – Finance | |
| Principal Financial Officer | |
EXHIBIT INDEX
Exhibit 99.1 Press release dated November 20, 2018.
Exhibit 99.1
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NATIONAL BEVERAGE CORP. DECLARES DIVIDEND
WITH THANKS AND GRATITUDE
THIS JOYFUL HOLIDAY
FORT LAUDERDALE, FL, November 20, 2018 . . . National Beverage Corp. (NASDAQ: FIZZ) continues industry-leading growth and earnings momentum, announcing in its last quarterly release its fifteenth consecutive quarter of revenue and earnings growth. The Board of Directors today announced a special cash dividend of $2.90 per share to shareholders of record on November 30, 2018. FIZZ will trade ex-dividend on November 29, 2018 and the payment date for this distribution shall be on or before January 29, 2019.
“This cash dividend reflects the Board’s confidence in the sparkling future of National Beverage and is a vote of confidence for the outstanding job that Team National has done,” stated Lead Board Member, Samuel Hathorn, Jr. “I have known our founder and Chairman, Mr. Nick A. Caporella, for many years and the masterful transformative job he has done with the National Beverage Corp. assets to transform healthy hydration in America is not being given appropriate recognition. Nick has always put the interests of all shareholders ahead of any personal considerations. While the management of many other companies use corporate funds to repurchase shares to enrich their personal holdings, Nick has always encouraged the Board to favor cash dividends over stock repurchases. If National Beverage had used the cash paid in dividends to purchase stock, the Company would today be 100% owned by Nick and the last seven plus years of shareholder appreciation would have gone to Nick. His acts of compassion set him apart from most humans I am aware of,” concluded Mr. Hathorn.
“This payment represents the ninth cash dividend paid over the last fourteen years while significantly growing our business to over $1 billion in revenues and maintaining an enviable balance sheet. Cumulatively, FIZZ holders will have received cash dividends of $14.56 per share, or $675 million,” stated Chairman and Chief Executive Officer, Nick A. Caporella.
Our Way is Tastefully . . .
Sparkling !!
Innovation should be new – but ours has the ‘essence’ to refresh and captivate
with FIZZ + Fun
“Patriotism” – If Only We Could Bottle It!
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and other factors described in the Company's SEC filings which may cause actual results or achievements to differ from the results or achievements expressed or implied by such statements. The Company disclaims an obligation to update or announce revisions to any forward-looking statements.
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