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:
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).
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. ¨
Cautionary Statements Regarding Forward-Looking
Information
This
document contains forward-looking statements made pursuant to and within the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Company’s use of forward-looking terminology
such as “anticipate”, “are confident”, “assume”, “believe”, “continue”, “could”,
“estimate”, “expect”, “intend”, “look ahead”, “look forward”, “may”,
“might”, “on track”, “outlook”, “plan”, “potential”, “predict”,
“reaffirm”, “seek”, “should”, “trend”, “will”, or “vision”, or
the negative thereof or comparable terminology regarding future events or conditions. The forward-looking statements are not historical
facts, and are based upon the Company’s current expectations, beliefs, estimates and projections, and various assumptions, many
of which, by their nature, are inherently uncertain and beyond its control. There can be no assurance that management’s expectations,
beliefs, estimates and projections will be achieved and actual results may differ materially from what is expressed in or indicated by
the forward-looking statements.
Forward-looking
statements are subject to significant known and unknown risks and uncertainties that may cause actual results, performance or achievements
in future periods to differ materially from those assumed, projected or contemplated in the forward-looking statements, including, but not
limited to, the following factors: the ongoing global COVID-19 pandemic and related challenges, risks and uncertainties, including historical
and potential future measures taken by governmental and regulatory authorities (such as requiring store closures), which have significantly
disrupted the Company’s business, employees, customers and global supply chain, and for a period of time, adversely impacted its
financial condition (including resulting in goodwill impairment) and financial performance, and which disruption and adverse impacts may
continue in the future; the recent and ongoing direct and indirect adverse impacts of the global COVID-19 pandemic to the global economy
and retail industry; the eventual timing and duration of economic stabilization and recovery from the COVID-19 pandemic, which depends
largely on future developments; general economic conditions in the United States and globally, including consumer confidence and spending,
and any changes to current favorable macroeconomic trends of strong home sales, nesting and de-urbanization (which were enhanced and accelerated
due to COVID-19, and may not continue upon a successful vaccine rollout in significant numbers that impacts consumer behavior); the Company’s
indebtedness and its ability to increase future leverage, as well as limitations on future sources of liquidity, including debt covenant
compliance; the Company’s ability to implement its growth strategy of opening new stores, which was suspended for fiscal 2021 (with
the exception of stores that were at or near completion) and, while ramping significantly, will be limited in the near term; the Company’s
ability to effectively obtain, manage and allocate inventory, and satisfy changing consumer preferences; increasing freight and transportation
costs (including the adverse effects of international equipment shortages) and increasing commodity prices; the Company’s reliance
on third-party vendors for a significant portion of its merchandise, including supply chain disruption matters and international trade
regulations (including tariffs) that have, and may continue to, adversely impact many international vendors; the loss or disruption to
operating the Company’s distribution network; significant competition in the fragmented home décor industry, including increasing
e-commerce; the implementation and execution of the Company’s At Home 2.0 and omnichannel strategies and related investments; natural
disasters and other adverse impacts on regions in the United States where the Company has significant operations; the Company’s
success in obtaining favorable lease terms and of its sale-leaseback strategy; the Company’s reliance on the continuing growth and
utility of its loyalty program; the Company ability to attract, develop and retain employee talent and to manage labor costs; the disproportionate
impact of its seasonal sales activity to its overall results; risks related to the loss or disruption of the Company’s information
systems and data and its ability to prevent or mitigate breaches of its information security and the compromise of sensitive and confidential
data; the Company’s ability to comply with privacy and other laws and regulations, including those associated with entering new
markets; and the significant volatility of the trading price of the Company’s common stock; the possibility that the Company may
be unable to obtain required stockholder approval or that other conditions to closing the proposed Merger may not be satisfied, such that
the proposed Merger will not close or that the closing may be delayed; general economic conditions; the proposed Merger may involve unexpected
costs, liabilities or delays; risks that the transaction disrupts current plans and operations of the Company; the outcome of any legal
proceedings related to the proposed Merger; the occurrence of any event, change or other circumstances that could give rise to the termination
of the Merger Agreement. For more details on these and other potential risks and uncertainties, please refer to the Proxy Statement, the
definitive proxy statement (when it becomes available) and the other relevant documents that the Company files with the SEC. You are cautioned
not to place undue reliance on the forward-looking statements included herein, which speak only as of the date hereof or the date otherwise
specified herein. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statements
for any reason, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits:
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.
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AT HOME GROUP INC.
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Date: June 15, 2021
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By:
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/s/ MARY JANE BROUSSARD
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|
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Name:
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Mary Jane Broussard
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|
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Title:
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Chief Administrative Officer, General Counsel & Corporate Secretary
|
Exhibit 99.1
At
Home Group Inc. Announces Postponement of 2021 Annual Meeting of Stockholders
June
15, 2021 01:31 PM Eastern Daylight Time
PLANO, Texas--(BUSINESS WIRE)--At Home Group
Inc. (“At Home” or “the Company”) (NYSE: HOME), the home décor superstore, today announced that due to
the pending merger transaction with funds affiliated with Hellman & Friedman, the Company will postpone its 2021 Annual Meeting of
Stockholders. The Annual Meeting, which was scheduled to be held tomorrow, will be held in the event the H&F transaction is not approved
or otherwise does not occur, in which case a new date for the Annual Meeting will be announced.
About At Home
At Home (NYSE: HOME), the home decor superstore,
offers over 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art and housewares to tabletop, patio
and seasonal decor. At Home is headquartered in Plano, Texas, and currently operates 227 stores in 40 states. For more information, please
visit us online at investor.athome.com.
Additional Information and Where to Find
It
This communication may be deemed to be solicitation
material in respect of the proposed acquisition of the Company by an affiliate of Hellman & Friedman LLC. In connection with the proposed
Merger, the Company filed a preliminary proxy statement (the “Proxy Statement”) with the Securities and Exchange Commission
(“SEC”) on June 2, 2021, and will file with the SEC and furnish to its stockholders a definitive proxy statement and other
relevant documents. INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING
THE PROXY STATEMENT AND THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES AVAILABLE (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders of the Company may obtain a free copy of the Proxy Statement, the
definitive proxy statement (when it becomes available) and other relevant documents filed by the Company with the SEC at the SEC’s
Web site at http://www.sec.gov. The Proxy Statement, the definitive proxy statement (when it becomes available) and such other documents
once filed by the Company with the SEC may also be obtained for free from the Investor Relations section of the Company’s web site
(http://investor.athome.com/) or by directing a request to: the Company, 1600 East Plano Parkway, Plano, Texas, 75074, Attention: Investor
Relations. Copies of documents filed by the Company with the SEC may also be obtained for free at the SEC’s Web site at http://www.sec.gov.
Participants in the Solicitation
The Company and its officers and
directors may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with
the proposed Merger. Information about the Company’s executive officers and directors is set forth in the Company’s
Annual Report on Form 10-K, which was filed by the Company with the SEC on March 24, 2021, the proxy statement for the
Company’s 2021 annual meeting of stockholders, which was filed by the Company with the SEC on May 4, 2021 and the Proxy
Statement, which was filed by the Company with the SEC on June 2, 2021. Investors and stockholders of the Company may obtain more
detailed information regarding the direct and indirect interests of the Company and its executive officers and directors in the
proposed Merger by reading the Proxy Statement and the definitive proxy statement regarding the proposed Merger when it is filed
with the SEC. You may obtain free copies of these documents as described in the preceding paragraph (including the definitive proxy
statement, when available).
Cautionary Statements Regarding Forward-Looking
Information
This document contains forward-looking statements
made pursuant to and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can
generally identify forward-looking statements by the Company’s use of forward-looking terminology such as “anticipate”,
“are confident”, “assume”, “believe”, “continue”, “could”, “estimate”,
“expect”, “intend”, “look ahead”, “look forward”, “may”, “might”,
“on track”, “outlook”, “plan”, “potential”, “predict”, “reaffirm”,
“seek”, “should”, “trend”, “will”, or “vision”, or the negative thereof or
comparable terminology regarding future events or conditions. The forward-looking statements are not historical facts, and are based upon
the Company’s current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature,
are inherently uncertain and beyond its control. There can be no assurance that management’s expectations, beliefs, estimates and
projections will be achieved and actual results may differ materially from what is expressed in or indicated by the forward-looking statements.
Forward-looking statements are subject
to significant known and unknown risks and uncertainties that may cause actual results, performance or achievements in future
periods to differ materially from those assumed, projected or contemplated in the forward-looking statements, including, but not
limited to, the following factors: the ongoing global COVID-19 pandemic and related challenges, risks and uncertainties, including
historical and potential future measures taken by governmental and regulatory authorities (such as requiring store closures), which
have significantly disrupted the Company’s business, employees, customers and global supply chain, and for a period of time,
adversely impacted its financial condition (including resulting in goodwill impairment) and financial performance, and which
disruption and adverse impacts may continue in the future; the recent and ongoing direct and indirect adverse impacts of the global
COVID-19 pandemic to the global economy and retail industry; the eventual timing and duration of economic stabilization and recovery
from the COVID-19 pandemic, which depends largely on future developments; general economic conditions in the United States and
globally, including consumer confidence and spending, and any changes to current favorable macroeconomic trends of strong home
sales, nesting and de-urbanization (which were enhanced and accelerated due to COVID-19, and may not continue upon a successful
vaccine rollout in significant numbers that impacts consumer behavior); the Company’s indebtedness and its ability to increase
future leverage, as well as limitations on future sources of liquidity, including debt covenant compliance; the Company’s
ability to implement its growth strategy of opening new stores, which was suspended for fiscal 2021 (with the exception of stores
that were at or near completion) and, while ramping significantly, will be limited in the near term; the Company’s ability to
effectively obtain, manage and allocate inventory, and satisfy changing consumer preferences; increasing freight and transportation
costs (including the adverse effects of international equipment shortages) and increasing commodity prices; the Company’s
reliance on third-party vendors for a significant portion of its merchandise, including supply chain disruption matters and
international trade regulations (including tariffs) that have, and may continue to, adversely impact many international vendors; the
loss or disruption to operating the Company’s distribution network; significant competition in the fragmented home
décor industry, including increasing e-commerce; the implementation and execution of the Company’s At Home 2.0 and
omnichannel strategies and related investments; natural disasters and other adverse impacts on regions in the United States where
the Company has significant operations; the Company’s success in obtaining favorable lease terms and of its sale-leaseback
strategy; the Company’s reliance on the continuing growth and utility of its loyalty program; the Company ability to attract,
develop and retain employee talent and to manage labor costs; the disproportionate impact of its seasonal sales activity to its
overall results; risks related to the loss or disruption of the Company’s information systems and data and its ability to
prevent or mitigate breaches of its information security and the compromise of sensitive and confidential data; the Company’s
ability to comply with privacy and other laws and regulations, including those associated with entering new markets; and the
significant volatility of the trading price of the Company’s common stock; the possibility that the Company may be unable to
obtain required stockholder approval or that other conditions to closing the proposed Merger may not be satisfied, such that the
proposed Merger will not close or that the closing may be delayed; general economic conditions; the proposed Merger may involve
unexpected costs, liabilities or delays; risks that the transaction disrupts current plans and operations of the Company; the
outcome of any legal proceedings related to the proposed Merger; the occurrence of any event, change or other circumstances that
could give rise to the termination of the Merger Agreement. For more details on these and other potential risks and uncertainties,
please refer to the Proxy Statement, the definitive proxy statement (when it becomes available) and the other relevant documents
that the Company files with the SEC. You are cautioned not to place undue reliance on the forward-looking statements included
herein, which speak only as of the date hereof or the date otherwise specified herein. Except as required by law, the Company does
not undertake any obligation to update or revise any forward-looking statements for any reason, whether as a result of new
information, future events or otherwise.
HOME-F
Contacts
Investor Relations:
Arvind Bhatia, CFA / 972.265.1299 / ABhatia@AtHome.com
Bethany Johns / 972.265.1326 / BJohns@AtHome.com
Proxy Solicitor:
Dan Burch
MacKenzie Partners, Inc.
212.929.5500
Media:
Carey Marin / 214.914.1157 / MediaRelations@AtHome.com
or
Sharon Stern / Adam Pollack / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449