false000000743100000074312023-10-182023-10-18

 

 

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): October 18, 2023

 

 

ARMSTRONG WORLD INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Pennsylvania

1-2116

23-0366390

(State or other jurisdiction

of incorporation or organization)

(Commission

File Number)

(IRS Employer

Identification No.)

 

 

 

 

 

2500 Columbia Avenue P.O. Box 3001

Lancaster, Pennsylvania

 

17603

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (717) 397-0611

NA

(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

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.01 par value per share

 

AWI

 

New York Stock Exchange

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. ◻

 

 

 

 

 

Section 8 – Other Events

Item 8.01. Other Events

On October 18, 2023 Armstrong World Industries, Inc. (the "Company") issued a press release announcing that its Board of Directors has declared a quarterly cash dividend of $0.28 per share of outstanding common stock payable on November 16, 2023 to stockholders of record as of the close of business on November 2, 2023. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.


Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

No. 99.1

 

No. 104

Press Release of Armstrong World Industries, Inc. dated October 18, 2023

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

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.

ARMSTRONG WORLD INDUSTRIES, INC.

 

 

By:

/s/ Austin K. So

 

Austin K. So

 

Senior Vice President, General Counsel, Secretary and Chief Compliance Officer

Date: October 18, 2023

 

3

img106620050_0.jpg 

Exhibit 99.1

 

Armstrong World Industries Announces Increase to Quarterly Dividend

 

LANCASTER, Pa., Oct. 18, 2023 – Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has approved a 10% increase in the company’s quarterly cash dividend to $0.28 per share of common stock. The dividend will be paid on Nov. 16, 2023, to stockholders of record as of the close of business on Nov. 2, 2023.

“Today’s announcement marks our fifth consecutive, annual dividend increase since the inception of our dividend program in 2018 and demonstrates the Board of Directors’ continued confidence in our growth strategy and cash flow generation,” said AWI CFO and Senior Vice President Chris Calzaretta. “Our healthy balance sheet coupled with our proven ability to consistently grow adjusted free cash flow supports returning cash to shareholders as a component of our balanced approach to capital allocation.”

The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow.

 

About Armstrong

Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall solutions in the Americas. With $1.2 billion in revenue in 2022, AWI has approximately 3,000 employees and a manufacturing network of 16 facilities, plus seven facilities dedicated to its WAVE joint venture. For more information, visit www.armstrongceilings.com.

 

Contact
Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354
 

 

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Oct. 18, 2023
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Entity Registrant Name ARMSTRONG WORLD INDUSTRIES, INC.
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Title of 12(b) Security Common Stock, $0.01 par value per share
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