UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure |
On February 6, 2023, MSC Industrial Direct Co., Inc. (the “Company”) issued a press release, a copy of which release is furnished with this report as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
| Item 8.01. | Other Events |
On January 31, 2023, the Board of Directors of the Company (the “Board”) received a proposal (the “Proposal”) from the Company’s controlling shareholders, the Jacobson/Gershwind family, to exchange their Class B common stock for shares of Class A common stock, reclassify the Company’s Class B common stock and Class A common stock into a single class of common stock and eliminate the current dual-class share structure. The Board has formed a Special Committee composed entirely of independent directors to evaluate the Proposal, which will be advised by independent financial and legal advisors. Under the terms of the Proposal, any definitive agreement would first require approval by the Special Committee and the Board, as well as the holders of a majority of the Class A common stock that do not also hold Class B common stock.
| Item 9.01. | Financial Statements and Exhibits |
| (d) Exhibits: | ||
| 99.1 | Press Release, dated February 6, 2023, issued by MSC Industrial Direct Co., Inc. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
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.
| MSC INDUSTRIAL DIRECT CO., INC. | ||
| Date: February 6, 2023 | By: | /s/ KRISTEN ACTIS-GRANDE |
| Name: | Kristen Actis-Grande | |
| Title: | Executive Vice President and Chief Financial Officer | |