TUPPERWARE BRANDS CORPORATION

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TUPPERWARE BRANDS CORP : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

11/29/2021 | 08:22am EDT

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on July 27, 2020, Tupperware Brands Corporation (the "Company") entered into a definitive purchase and sale agreement (as amended, the "Purchase and Sale Agreement") with O'Connor Management LLC ("O'Connor"), and on October 30, 2020, the Company and O'Connor closed on Phase I (as defined in the Purchase and Sale Agreement), involving the sale and leaseback of the Company's corporate headquarters in Orlando, Florida, and Phase II (as defined in the Purchase and Sale Agreement), involving portions of the Company's owned real property in Orlando, Florida, for an aggregate gross purchase price of $43.7 million.

On November 23, 2021, the Company closed on the sale of the remaining undeveloped land in Orlando, consisting of 125 acres of developable land and 490 acres of common areas and wetlands, for $37,329,408 (inclusive of $329,408 of impact fee credits).

In addition, on November 22, 2021, the Company and O'Connor entered into a tenth amendment to the Purchase and Sale Agreement, which amendment, among other things:

•Requires that the prior deposit made by O'Connor be non-refundable; and •Reduces the scope of cleanup and remediation efforts required by the Company.

Item 7.01 Regulation FD Disclosure.

On November 29, 2021, the Company issued a press release announcing that closing of the sale of the remaining undeveloped land in Orlando. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of, or otherwise regarded as filed under, the Exchange Act, nor shall it be deemed incorporated by reference into any filing under the Securities Act, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



Exhibit Number         Description
                  99.1   Press Release of Tupperware Brands Corporation dated November 29, 2021.
                   104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


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