UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. | Other Events. |
On November 4, 2019, Crocs, Inc. (the “Company”) closed its previously announced underwritten public offering (the “Offering”) in which certain investment funds affiliated with The Blackstone Group Inc. (the “Selling Stockholders”) sold 6,864,545 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, to Morgan Stanley & Co. LLC (“Morgan Stanley”) at a price of $35.54 per Share.
In connection with the Offering, the Selling Stockholders and the Company entered into an underwriting agreement, dated as of October 30, 2019 (the “Underwriting Agreement”), with Morgan Stanley. Subject to the terms and conditions stated in the Underwriting Agreement, Morgan Stanley agreed to purchase, and the Selling Stockholders agreed to sell to Morgan Stanley, the number of Shares set forth opposite each Selling Stockholder’s name in Schedule I thereto. The Company did not receive any proceeds from the sale of the Shares by the Selling Stockholders.
The Offering was made pursuant to a prospectus supplement, dated October 30, 2019, to the prospectus, dated October 30, 2019, included in the Company’s registration statement on Form S-3 (File No. 333-234383), which was filed with the Securities and Exchange Commission on October 30, 2019 and which was automatically effective upon filing.
The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the Shares by the Selling Stockholders to Morgan Stanley, indemnification and contribution obligations and other terms and conditions typical to agreements of this type.
The above description of the Underwriting Agreement does not purport to be a complete summary of and is subject to and qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
1.1 | Underwriting Agreement, dated as of October 30, 2019, by and among Crocs, Inc., the Selling Stockholders named in Schedule I thereto and Morgan Stanley & Co. LLC. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
CROCS, INC. | ||
Date: November 4, 2019 | By: | /s/ Anne Mehlman |
Anne Mehlman | ||
Executive Vice President and Chief Financial Officer |