- Current report filing (8-K)
May 06 2009 - 8:30AM
Edgar (US Regulatory)
As filed
with the Securities and Exchange Commission on May 6, 2009
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
Date of report
(Date of earliest event reported):
May 5, 2009
B&G Foods, Inc.
(Exact name of
Registrant as specified in its charter)
Delaware
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001-32316
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13-3918742
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(State or Other
Jurisdiction
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(Commission
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(IRS Employer
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of
Incorporation)
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File Number)
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Identification
No.)
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Four
Gatehall Drive, Suite 110, Parsippany, New Jersey
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07054
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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: (
973) 401-6500
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:
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 May 5,
2009, the Board of Directors of B&G Foods, Inc. approved an increase
to the Companys previously authorized stock and debt repurchase program. The terms of the expanded program permits
B&G Foods to repurchase up to an aggregate of $25.0 million of the Companys
Class A common stock and/or 8% senior notes through May 3, 2010. The Companys existing stock and debt
repurchase program had previously authorized the repurchase of up to $10.0
million of the Companys Class A common stock and/or 8% senior notes. Since the programs inception in October 2008,
the Company has repurchased 763,931 shares of Class A common stock at an
aggregate price of $3.5 million.
Under
the authorization, the Company may purchase shares of Class A common stock
and/or senior notes from time to time in the open market or in privately
negotiated transactions in compliance with the applicable rules and
regulations of the Securities and Exchange Commission. The timing and amount of such repurchases, if
any, will be at the discretion of management, and will depend on available
cash, market conditions and other considerations. Therefore, there can be no assurance as to
the number of shares that will be repurchased under the stock and debt
repurchase program, or the aggregate dollar amount of the shares or principal
amount of senior notes, if any, repurchased.
The Company may suspend or discontinue the program at any time without
prior notice. Any shares repurchased
pursuant to the program will be retired.
Likewise, any senior notes repurchased will be cancelled.
A copy
of the press release announcing the foregoing is attached to this report as Exhibit 99.1
and is furnished pursuant to Item 8.01 and Regulation FD.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
99.1 Press
Release dated May 6, 2009, furnished pursuant to Item 8.01 and Regulation
FD
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SIGNATURE
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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B&G FOODS, INC.
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Dated: May 6, 2009
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By:
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/s/ Robert C. Cantwell
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Robert C. Cantwell
Executive Vice President of Finance and
Chief Financial Officer
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