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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/15/20 Primoris Services Corp. 8-K:1,7,8,912/14/20 14:9M Toppan Merrill/FA |
Document/Exhibit Description Pages Size
1: 8-K Current Report HTML 35K
2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, HTML 396K
Liquidation or Succession
3: EX-99.1 Miscellaneous Exhibit HTML 22K
4: EX-99.2 Miscellaneous Exhibit HTML 30K
5: EX-99.3 Miscellaneous Exhibit HTML 84K
10: R1 Cover HTML 48K
12: XML IDEA XML File -- Filing Summary XML 13K
9: XML XBRL Instance -- tm2038489d1_8k_htm XML 16K
11: EXCEL IDEA Workbook of Financial Reports XLSX 6K
7: EX-101.LAB XBRL Labels -- prim-20201214_lab XML 97K
8: EX-101.PRE XBRL Presentations -- prim-20201214_pre XML 65K
6: EX-101.SCH XBRL Schema -- prim-20201214 XSD 13K
13: JSON XBRL Instance as JSON Data -- MetaLinks 25± 34K
14: ZIP XBRL Zipped Folder -- 0001104659-20-135754-xbrl Zip 130K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
i Primoris Services Corporation
(Exact name of Registrant as specified in its charter)
| i Delaware | i 001-34145 | i 20-4743916 | ||
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | ||
| of incorporation) | Identification No.) |
i 2300 N. Field Street, i Suite 1900, i Dallas, i Texas i 75201
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
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 (see General Instruction A.2. below):
i ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ¨ 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 |
| i Common Stock, $0.0001 par value | i PRIM | i The 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 (§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. ¨
| Item 1.01. | Entry into a Material Definitive Agreement. |
On December 14, 2020, Primoris Services Corporation, a Delaware corporation (“Primoris”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Future Infrastructure Holdings, LLC, a Delaware limited liability company (the “Company”), Primoris Merger Sub, LLC, a Delaware limited liability company and wholly-owned subsidiary of Primoris (“Merger Sub”), and Tower Arch Capital, L.P., a Delaware limited partnership, solely in its capacity as representative as set forth in the Merger Agreement. Pursuant to the Merger Agreement, at the closing of the transactions contemplated thereby (the “Closing”), Merger Sub will merge with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Primoris (the “Merger”). At Closing, Primoris will pay aggregate consideration of $620.0 million in cash, subject to a customary purchase price adjustment mechanism providing that the Company be free of cash and debt at Closing. The equityholders of the Company approved the Merger Agreement by written consent immediately after the parties executed and delivered the Merger Agreement.
Consummation of the Merger is subject to customary conditions, including the absence of legal restraints and the termination or expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Each party’s obligation to consummate the Merger is also subject to the accuracy of the representations and warranties of the other parties (subject to certain exceptions) and the performance in all material respects of the other parties’ respective covenants under the Merger Agreement. Consummation of the Merger is not subject to a financing condition.
The Merger Agreement contains certain termination rights for both Primoris, on the one hand, and the Company, on the other hand.
The foregoing description of the Merger Agreement is only a summary and is qualified in its entirety by reference to the full text of the Merger Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated by reference herein.
The Merger Agreement is filed with this Current Report on Form 8-K to provide security holders with information regarding its terms. It is not intended to provide any other factual information about Primoris, the Company or Merger Sub. The representations, warranties and covenants contained in the Merger Agreement were made solely for purposes of such agreement and as of specific dates, are solely for the benefit of the parties to the Merger Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purpose of allocating contractual risk between the parties to the Merger Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to security holders. Security holders should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of Primoris, the Company or Merger Sub. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Merger Agreement, which subsequent information may or may not be fully reflected in Primoris’ public disclosures, except to the extent required by law.
| Item 7.01. | Regulation FD Disclosure. |
On December 14, 2020, Primoris issued a press release announcing the signing of the Merger Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
On December 15, 2020, Primoris held a webcast regarding the Merger Agreement. A copy of the investor presentation and the transcript of the webcast are attached Exhibit 99.2 and 99.3 hereto and incorporated herein by reference.
| Item 8.01. | Other Events. |
To the extent required, the information included in Item 7.01 of this Current Report on Form 8-K is incorporated into this Item 8.01.
C:
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed herewith:
|
Exhibit No. |
Description | |
| 2.1* | Agreement and Plan of Merger, dated December 14, 2020, among Primoris Services Corporation, Future Infrastructure Holdings, LLC, Primoris Merger Sub, LLC and Tower Arch Capital, L.P. | |
| 99.1 | Press Release dated December 14, 2020 | |
| 99.2 | Investor Presentation dated December 14, 2020 | |
| 99.3 | Investor Call Transcript | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and included in Exhibit 101). |
* Schedules and certain exhibits to the Merger Agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Primoris hereby undertakes to furnish supplemental copies of any of the omitted schedules and exhibits upon request by the SEC.
C:
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 thereunto duly authorized.
| PRIMORIS SERVICES CORPORATION | ||
| Dated: December 15, 2020 | By: | /s/ Kenneth M. Dodgen |
| Kenneth M. Dodgen | ||
| Executive Vice President, Chief Financial Officer |
C:
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 12/15/20 | None on these Dates | ||
| For Period end: | 12/14/20 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/27/24 Primoris Services Corp. 10-K 12/31/23 109:14M Toppan Merrill Bridge/FA 2/28/23 Primoris Services Corp. 10-K 12/31/22 105:14M Toppan Merrill Bridge/FA 3/01/22 Primoris Services Corp. 10-K 12/31/21 107:13M Toppan Merrill Bridge/FA 11/09/21 Primoris Services Corp. 10-Q 9/30/21 79:8.9M Toppan Merrill Bridge/FA 8/04/21 Primoris Services Corp. 10-Q 6/30/21 76:8.9M Toppan Merrill Bridge/FA 5/06/21 Primoris Services Corp. 10-Q 3/31/21 76:7.3M Toppan Merrill Bridge/FA 2/23/21 Primoris Services Corp. 10-K 12/31/20 103:14M Toppan Merrill Bridge/FA 1/15/21 Primoris Services Corp. S-8 1/15/21 5:220K Toppan Merrill/FA 1/15/21 Primoris Services Corp. 8-K:1,2,7,8 1/11/21 13:1.2M Toppan Merrill/FA |