Item 8.01. Other Events
On December 16, 2020, Armstrong World Industries, Inc. ("AWI," the "Company,"
"we," "our," or "us") issued a press release announcing the completion of the
previously announced acquisition of Arktura LLC, a California limited liability
company ("Arktura") and its subsidiaries comprising Arktura's business and
operations in the United States and Argentina. Arktura is an award-winning
designer and fabricator of ceilings, walls, partitions and facades based in Los
Angeles, California.
AWI acquired Arktura for approximately $91 million in cash, plus an additional
$24 million of deferred cash payments to be made over a period of five years and
an additional $6 million of common stock of AWI to be issued over a period of
five years, in each case subject to the applicable Seller's continued employment
with AWI. A copy of the press release is attached hereto as Exhibit 99.1 and is
hereby incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
No. 99.1 Press Release of Armstrong World Industries, Inc. dated December 16,
2020
No. 104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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