UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM i 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):
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i National
Vision Holdings, Inc.
(Exact name of registrant as specified in its charter)
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|
| | | | |
i Delaware | | i 46-4841717 |
(State
or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| | | | |
i 2435
Commerce Ave. | | |
i Building 2200 | | i 30096 |
i Duluth | , | i Georgia | | (Zip
Code) |
(Address of principal executive offices) | | |
( i 770) i 822‑3600
(Registrant’s
telephone number, including area code)
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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: | |
i ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.42 |
| |
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, par value $0.01 per share | | i EYE | | i Nasdaq |
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 i ☐
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 February
26, 2020, National Vision Holdings, Inc. (“National Vision”) issued a press release announcing it's financial results for the quarter and full fiscal year ended December 28, 2019. As disclosed in the press release, beginning with the first quarter of 2020, National Vision intends to update certain components of its presentation of non-GAAP financial measures. First, the company will begin reporting the new measures, Adjusted Operating Income and Adjusted Operating Margin, as described further in the “Non-GAAP Financial Measures” section of the press
release. In addition, consistent with its presentation of Adjusted Operating Income, beginning with the first quarter of fiscal 2020, the company will update its definitions (the “2020 Definitions”) of Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS, so that such measures no longer exclude new store pre-opening expenses and non-cash rent. The fiscal 2020 outlook presented in the press release gives effect to the 2020 Definitions.
In connection with the updates to the presentation of non-GAAP financial measures, on February 26, 2020, National Vision also made available on the Investor page of its website
(www.nationalvision.com) certain supplemental information, including a reconciliation of Non-GAAP to GAAP financial measures utilizing the 2019 definitions (where applicable) and 2020 Definitions for Adjusted Operating Income, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS for the three-month periods within and the fiscal years ended December 28, 2019 and December 29, 2018.
The information in this Current Report on Form 8-K, including exhibits, is being furnished to the Securities and Exchange Commission (the “SEC”) pursuant to Item 2.02 of Form 8-K 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 incorporated by reference into any of National Vision’s filings with the SEC under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a
filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
| |
Exhibit No. | Description |
| |
| National
Vision Holdings, Inc. Non-GAAP Measures Supplemental Tables |
104 | |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. |
| | | | |
| | |
| | | | National
Vision Holdings, Inc. |
| | |
| | By: | | |
| | Name: | | |
| | Title: | | Senior Vice President, General Counsel and Secretary |
