LANCASTER COLONY CORPORATION Item 1.01 Entry into a Material Definitive Agreement
On
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
Based on its current plans, the Company expects total capital expenditures for
the Project to be approximately
Forward Looking Statements
The Company desires to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). This Current Report on Form 8-K contains various "forward-looking statements" within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words "anticipate," "estimate," "project," "believe," "intend," "plan," "expect," "hope" or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control and could be amplified by the COVID-19 pandemic, which could cause our actual results to differ materially from those expressed in the forward-looking statements. Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:
• significant shifts in consumer demand and disruptions to our employees,
communities, customers, supply chains, operations, and production
processes resulting from COVID-19 and other epidemics, pandemics or
similar widespread public health concerns and disease outbreak;
• efficiencies in plant operations;
• dependence on contract manufacturers, distributors and freight
transporters, including their financial strength in continuing to support
our business;
• the potential for loss of larger programs or key customer relationships;
• fluctuations in the cost and availability of ingredients and packaging;
• capacity constraints that may affect our ability to meet demand or may
increase our costs;
• difficulties in designing and implementing our new enterprise resource
planning system;
• the success and cost of new product development efforts;
• the ability to successfully grow recently acquired businesses;
• cyber-security incidents, information technology disruptions, and data
breaches;
• changes in demand for our products, which may result from loss of brand
reputation or customer goodwill;
• price and product competition;
• the lack of market acceptance of new products;
• the impact of customer store brands on our branded retail volumes;
• the reaction of customers or consumers to price increases we may implement;
• adverse changes in freight, energy or other costs of producing,
distributing or transporting our products;
• stability of labor relations;
• the extent to which recent and future business acquisitions are completed
and acceptably integrated;
• dependence on key personnel and changes in key personnel;
• the effect of consolidation of customers within key market channels;
• the impact of fluctuations in our pension plan asset values on funding
levels, contributions required and benefit costs;
• the possible occurrence of product recalls or other defective or
mislabeled product costs;
• maintenance of competitive position with respect to other manufacturers;
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• changes in estimates in critical accounting judgments;
• the impact of any regulatory matters affecting our food business,
including any required labeling changes and their impact on consumer
demand;
• the outcome of any litigation or arbitration;
• adequate supply of skilled labor; and
• risks related to other factors described under "Risk Factors" in other
reports and statements filed by us with the Securities and Exchange
Commission , including without limitation our Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q (available at www.sec.gov).
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on statements that are based on current expectations.
Information Furnished Pursuant to Item 7.01
The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Design/Build Agreement betweenT. Marzetti Company andGray Construction, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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