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): June 16, 2011
BLUELINX HOLDINGS INC.
(Exact name of registrant specified in its charter)
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Delaware
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001-32383
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77-0627356 |
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(State or other
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(Commission
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(I.R.S. Employer |
jurisdiction of
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File Number)
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Identification No.) |
incorporation) |
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4300 Wildwood Parkway, Atlanta, Georgia
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30339 |
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(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (770) 953-7000
Not applicable
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
In connection with the previously announced rights offering (the Rights Offering) by
BlueLinx Holdings Inc. (the Company), on June 16, 2011, the Company entered into a registration
rights agreement (the Registration Rights Agreement) with Stadium Capital Management, LLC
(Stadium), pursuant to which the Company has agreed to file a resale registration statement
(the Resale Registration Statement) with the U.S. Securities and Exchange Commission (the SEC)
covering all shares of common stock issued to Stadium in connection with its exercise of rights in
the Rights Offering (including any shares issued in connection with the exercise of the
over-subscription privilege). The obligation to file the Resale Registration Statement is
conditioned upon Stadium exercising in full its pro rata basic subscription right in the Rights
Offering.
The Company has agreed to file the Resale Registration Statement within ten trading days after
the closing date of the Rights Offering (the Filing Date) and has agreed to use its reasonable
best efforts to have the Resale Registration Statement declared effective within 60 days of the
closing of the Rights Offering (the Effectiveness Deadline). The Company is obligated to pay
Stadium a fee of 4% of the aggregate purchase price paid by Stadium in connection with the exercise
of rights in the Rights Offering (the Stadium Investment), payable in cash, if (i) the Resale
Registration Statement is not declared effective by the Effectiveness Deadline, (ii) if the Resale
Registration Statement ceases for any reason to remain continuously effective or Stadium is not
otherwise permitted to utilize the prospectus therein for more than 10 consecutive trading days or
more than an aggregate of 20 trading days during any 12-month period, or (iii) the Company shall
fail for any reason to satisfy the current public information requirement under Rule 144
promulgated by the SEC pursuant to the Securities Act of 1933, as amended (collectively, the
Registration Defaults). The Company is also obligated to pay Stadium an additional fee of 2% of
the Stadium Investment, payable in cash, for every month in which any of the above Registration
Defaults continues, up to a maximum of 18% of the Stadium Investment.
The foregoing description of the Registration Rights Agreement contained herein does not
purport to be complete and is qualified in its entirety by reference to the Registration Rights
Agreement, attached hereto as Exhibit 4.1 and incorporated herein by reference.
This Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the
securities described herein, nor shall there be any offer or sale of such securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. A registration statement
relating to these securities has been filed with the Securities and Exchange Commission. The
offering will be made only by means of a prospectus, when available, which is a part of such
registration statement. A copy of the prospectus may be obtained from the information agent, Eagle
Rock Proxy Advisors, LLC at (855) 612-6975.
Forward-looking Statements
This Form 8-K includes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements relating to the completion of the
rights offering. All of these forward-looking statements are based on estimates and assumptions
made by our management that, although believed by the Company to be reasonable, are inherently
uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited
to, economic, competitive, governmental and technological factors outside of the Companys control
that may cause its business, strategy or actual results to differ materially from the
forward-looking statements. These risks and uncertainties may include, among other things:
completion of the proposed rights offering, including satisfaction of the conditions to the
backstop commitment; changes in the supply and/or demand for products that it distributes,
especially as a result of conditions in the residential housing market; general economic and
business conditions in the United States; the activities of competitors; changes in significant
operating expenses; changes in the availability of capital, including the availability of
residential mortgages; the ability to identify acquisition opportunities and effectively and
cost-efficiently integrate acquisitions; adverse weather patterns or conditions; acts of war or
terrorist activities; variations in the performance of the financial markets; and other factors
described under Risk Factors in the Companys preliminary prospectus included as part of the
Registration Statement on Form S-1 filed by the Company in connection with the Rights Offering and
in its periodic reports filed with the Securities and Exchange Commission from time to time. Given
these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking
statements. The Company undertakes no obligation to publicly update or revise any forward-looking
statement as a result of new information, future events, changes in expectation or otherwise,
except as required by law.