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 30, 2015
Nortek, Inc.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) | 001-34697 (Commission File Number) | 05-0314991 (I.R.S. Employer Identification No.) |
500 Exchange Street,
Providence, Rhode Island 02903-2360
(Address of principal executive offices, including zip code)
401-751-1600
(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:
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)) |
Item 8.01. Other Events.
On June 30, 2015, Nortek, Inc. (the “Company”) announced that it has acquired through its wholly-owned subsidiary, Nortek Security & Control LLC, mobile personal emergency response system (mPERS) and telehealth business assets from Numera, Inc., a privately held company. Nortek funded the transaction using cash on hand and borrowings under its existing asset-based lending facility. The transaction is valued at $12 million plus consideration based on future sales, as defined under the purchase agreement. The acquired business recorded unaudited net sales under $3 million in 2014, its first full year of sales. The business will be reported under the Security & Control Solutions segment in the Company’s financial statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description |
99.1 | Press Release dated June 30, 2015. |
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.
NORTEK, INC.
By: /s/ Kevin W. Donnelly
Name: Kevin W. Donnelly
Title: Senior Vice President, General
Counsel and Secretary
Date: June 30, 2015
EXHIBIT INDEX
Exhibit Number | Description |
99.1 | Press Release dated June 30, 2015. |