FALSE000089707700008970772019-09-112019-09-11

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): September 11, 2019
 
Alamo Group Inc.
(Exact name of registrant as specified in its charter)
 
State of Delaware
0-2122074-1621248
(State or other jurisdiction of incorporation)(Commission File No.)(IRS Employer Identification No.)

1627 E. Walnut, Seguin, Texas
78155
(Address of Registrant’s principal executive offices)(Zip Code)

(830) 379-1480
Registrant's telephone number, including area code:

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, par value
$.10 per share
ALGNew York Stock Exchange

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))

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  

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 September 11, 2019, Alamo Group Inc. (the “Company”), through Alamo Acquisition Corporation, an indirect wholly-owned subsidiary of the Company, entered into a definitive Securities Purchase Agreement to acquire 100% of the equity interests in Morbark Holdings Group, LLC (“Morbark”) and its direct and indirect subsidiaries. Sellers include Stellex Capital Partners, LP and certain of its affiliates and certain of the existing management of Morbark (collectively, the “Sellers”). The total consideration for the purchase is approximately $352,000,000 subject to certain adjustments. The Purchase Agreement contains representations and warranties by Morbark and the Sellers as to Morbark and its subsidiaries and various covenants regarding the conduct of the business of Morbark and its subsidiaries during the period between the signing of the Purchase Agreement and the closing of the transaction, which is expected to occur in the fourth quarter of 2019. The consummation of the transaction is subject to the satisfaction or waiver of certain customary and other closing conditions, including receipt of any necessary governmental approvals, including approval under the Hart-Scott-Rodino Antitrust Improvements Act. Morbark and its wholly-owned subsidiaries are leading manufacturers of equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets. The Company is in discussions with its current lenders about expanding the Company’s existing credit facility to accommodate this acquisition.

The above description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits
(d) Exhibits:

Exhibit No.Description
10.1Securities Purchase Agreement, dated as of September 11, 2019, by and among Alamo Acquisition Corporation, a Delaware corporation, Alamo Group Inc., a Delaware corporation, Stellex Capital Partners, LP, a Delaware limited partnership, and in its capacity as the initial representative of the other Sellers and Morbark Holdings Group, LLC, a Delaware limited liability company.
104Inline XBRL for the cover page of this Current Report on Form 8-K




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.
 
September 16, 2019
By:  /s/ Edward T. Rizzuti              
 Edward T. Rizzuti
 Vice President, General Counsel & Secretary
 






























EXHIBIT INDEX
 
Exhibit No.
Description
10.1  
104  Inline XBRL for the cover page of this Current Report on Form 8-K