The Simply Good Foods Company Announces Conyers Park Share Distribution
- This was a pro rata distribution to members of the Conyers Park Sponsor Investment Team in accordance with the unit ownership interests of the members of
Conyers Park Sponsor;
- The Conyers Park Sponsor’s organizational documents contemplated this distribution would occur on or about the fifth anniversary of the closing of the initial business combination that created
Simply Good Foods;
- Investment entities controlled by
James M. Kiltsand Brian K. Ratzanand David J. Westreceived a significant majority of the distributed shares (approximately 8 million shares in the aggregate). Messrs. Kilts, Ratzan and West are senior investment professionals of Centerview Capital Consumer and members of the Company’s Board of Directors. Mr. Kiltsremains the Company’s Chairman and Mr. Westremains Vice Chairman. The remainder of the shares were distributed to unitholders who are neither officers nor directors of Simply Good Foods; and
- Each of Messrs. Kilts, Ratzan and West have informed the Company that they, and their investment entities as applicable, currently intend to hold onto the shares of the Company’s common stock received in connection with the distribution and remain on the Board.
Forward Looking Statements
Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by or include words such as “will”, “expect”, “intends” or other similar words, phrases or expressions. These statements relate to future events or our future financial or operational performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. We caution that these forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Undue reliance should not be placed on forward-looking statements. These statements reflect our current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. These forward-looking statements include, among other things, statements regarding the effect of the novel coronavirus (“COVID-19”) on our business, financial condition and results of operations, our ability to continue to operate at a profit, the sufficiency of our sources of liquidity and capital, our ability to maintain current operation levels, our ability to maintain and gain market acceptance for our products or new products, our ability to capitalize on attractive opportunities, our ability to respond to competition and changes in the economy, unexpected costs, the amounts of or changes with respect to certain anticipated restructuring, raw materials and other costs, difficulties and delays in achieving the synergies and cost savings in connection with the Quest Acquisition, changes in the business environment in which we operate including general financial, economic, capital market, regulatory and political conditions affecting us and the industry in which we operate, unforeseen business disruptions or other effects due to current global geopolitical tensions, including relating to
Vice President, Investor Relations,
Source: Simply Good Foods USA, Inc.