0001593195-19-000078.txt : 20191114 0001593195-19-000078.hdr.sgml : 20191114 20191114090032 ACCESSION NUMBER: 0001593195-19-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191114 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191114 DATE AS OF CHANGE: 20191114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tribune Publishing Co CENTRAL INDEX KEY: 0001593195 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 383919441 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36230 FILM NUMBER: 191216708 BUSINESS ADDRESS: STREET 1: 160 N. STETSON AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 312 222 9100 MAIL ADDRESS: STREET 1: 160 N. STETSON AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 FORMER COMPANY: FORMER CONFORMED NAME: tronc, Inc. DATE OF NAME CHANGE: 20160617 FORMER COMPANY: FORMER CONFORMED NAME: Tribune Publishing Co DATE OF NAME CHANGE: 20131127 8-K 1 a20198kdividend111419.htm 8K Document

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): November 14, 2019

TRIBUNE PUBLISHING COMPANY
(Exact Name of Registrant as Specified in Charter)
Delaware001-3623038-3919441
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification Number)
 
160 N. Stetson Avenue, Chicago, Illinois 60601
(Address of Principal Executive Offices) (Zip Code)
312-222-9100
(Registrant's telephone number, including area code)

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:
 [ ]  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 Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $.01 per shareTPCOThe NASDAQ Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 8.01. Other Events.

On November 13, 2019, Tribune Publishing Company (the “Company”) announced that its Board of Directors (the “Board”) approved the initiation of a cash dividend program under which the Company intends to declare regular quarterly cash dividends in respect of each share of the Company’s outstanding common stock. In conjunction therewith, the Board declared a cash dividend of $0.25 per share of common stock, which will be payable on December 10, 2019 to the Company’s shareholders of record as of the close of business on November 25, 2019. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)        Exhibits

Exhibit No. Description








SIGNATURE

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.
 TRIBUNE PUBLISHING COMPANY
   
   
Date: November 7, 2019
By: /s/ Terry Jimenez        
  Terry Jimenez
  Executive Vice President and Chief Financial Officer
   




EX-99.1 2 exhibit991pressrelease.htm EXHIBIT 99.1 Document

Tribune Publishing Announces Quarterly Cash Dividend Program Dividend Payable on December 10, 2019 to Shareholders of Record on November 25, 2019

CHICAGO, November 14, 2019 - Tribune Publishing Company (NASDAQ: TPCO) today announced that its Board of Directors has approved the initiation of a cash dividend program under which Tribune Publishing intends to declare regular quarterly cash dividends to its shareholders. In conjunction therewith, Tribune Publishing’s Board of Directors has declared an initial quarterly cash dividend of $0.25 per share of common stock. The initial dividend will be payable on December 10, 2019, to Tribune Publishing shareholders of record as of the close of business on November 25, 2019.

“The Board’s decision to institute a regular cash dividend reflects the Company’s financial strength, flexibility and confidence in its strategic plan,” said David Dreier, Tribune Publishing Chairman. “We intend to enhance long-term shareholder value through strong operational performance and cash flow generation, as well as prudent capital allocation, which includes returning cash to investors.”

While Tribune Publishing intends to pay regular quarterly cash dividends for the foreseeable future, all future dividends are subject to the Board of Directors’ determination that such dividends are in compliance with applicable law and that the dividend program continues to be in the best interests of Tribune Publishing and its shareholders. The dividend program may be canceled, suspended, terminated or modified at any time by Tribune Publishing’s Board of Directors, in its discretion.

Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Important factors that could cause actual results, developments and business decisions to differ materially from these forward-looking statements are uncertainties discussed below and in the "Risk Factors" section of the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"). "Forward-looking statements" include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "may," "might," "will," "could," "should," "estimate," "project," "plan," "anticipate," "expect," "intend," "outlook," "seek," "designed," "assume," "implied," "believe" and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain and subject to a number of risks and uncertainties.

About Tribune Publishing Company
Tribune Publishing (NASDAQ: TPCO) is a media company rooted in award-winning journalism. Headquartered in Chicago, Tribune Publishing operates local media businesses in eight markets with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Orlando Sentinel, South Florida's Sun-Sentinel, Virginia’s Daily Press and The Virginian-Pilot, The Morning Call of Lehigh Valley, Pennsylvania, and the Hartford Courant.




In addition to award-winning local media businesses, Tribune Publishing operates national and international brands such as Tribune Content Agency and The Daily Meal, and is the majority owner of the product review website BestReviews.

Our brands are committed to informing, inspiring and engaging local communities. We create and distribute content across our media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities.

Investor Relations Contact:
Michael Ferreter
Tribune Publishing, Head of Investor Relations
312.222.3225
mferreter@tribpub.com

Media Contact:
Tilden Katz
Tribune Publishing, Corporate Communications
312.606.2614
tilden.katz@fticonsulting.com