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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): August 10, 2022

________________

Primo Water Corporation
(Exact name of registrant as specified in its charter)

________________

     
Ontario
(State or other jurisdiction
of incorporation)
001-31410
(Commission
File Number)
98-0154711
(IRS Employer
Identification No.)
     

1150 Assembly Dr.

Suite 800
Tampa, Florida, United States
(Address of Principal Executive Offices)

33607
(Zip Code)
     

Registrant’s telephone number, including area code: (813) 544-8515

 

4221 West Boy Scout Boulevard
Suite 400
Tampa, Florida 33607
(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:

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 shares without nominal or par value PRMW New York Stock Exchange
  PRMW Toronto 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.

         

 

 

 

 
 
Item 2.02. Results of Operations and Financial Condition.

On August 11, 2022, Primo Water Corporation (the “Company”) issued a press release reporting financial results for the second quarter ended July 2, 2022. A copy of the press release is furnished herewith under the Securities Exchange Act of 1934, as amended, as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 2.02 as if fully set forth herein.

 

Item 8.01. Other Events

On August 10, 2022, the Company announced that the Board of Directors authorized a new $100 million share repurchase program which commences on August 15, 2022 and expires on August 14, 2023. The Company intends to manage this program opportunistically and make repurchases from time to time when management believes market conditions are favorable.

The Company also announced that the Board of Directors declared a dividend of US$0.07 per common share, payable in cash on September 7, 2022 to shareowners of record at the close of business on August 24, 2022.

 

 Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

No.

  Description
     
99.1   Press Release of Primo Water Corporation, dated August 11, 2022 (furnished herewith).
     
104   Cover Page Interactive Data (embedded within the Inline XBRL document).

 

 
 

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.

  Primo Water Corporation
  (Registrant)
   
     
August 11, 2022    
     
     
  By: /s/ Marni Morgan Poe
    Marni Morgan Poe
    Chief Legal Officer and Secretary

 

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