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): August 12, 2019 (August 9, 2019)
KLX Energy Services Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware | | 001-38609 | | 36-4904146 |
(State or other
jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
1300 Corporate Center Way, Wellington, Florida
(Address of principal executive offices) | | 33414-2105
(Zip Code) |
Registrant’s telephone number, including area code: (561) 383-5100
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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).
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: | | Trading Symbol(s) | | Name of each exchange on which registered: |
Common Stock, $0.01 Par Value | | KLXE | | The Nasdaq Global Select Market |
Emerging growth company x
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. o
Item 8.01 Other Events
On August 9, 2019, the Board of Directors of KLX Energy Services Holdings, Inc. (the “Company”) authorized a share repurchase program providing for the repurchase of up to $50 million of the Company’s common stock. The timing, price and volume of repurchases will be based on market conditions, relevant legal requirements and other factors. The stock repurchases may be made from time to time, through transactions in the open market or through privately negotiated transactions, at times and prices considered appropriate by the Company. There is no set start or end date for the share repurchase program and it may be suspended or discontinued at any time.
A copy of the Company’s press release announcing these matters is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
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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.
Dated: August 12, 2019
| KLX ENERGY SERVICES HOLDINGS, INC. |
| | |
| | |
| By: | /s/ Thomas P. McCaffrey |
| | Name: | Thomas P. McCaffrey |
| | Title: | Senior Vice President and Chief Financial Officer |
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