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

 

November 14, 2018
Date of Report (Date of earliest event reported)

 

Wabash National Corporation 

(Exact Name of Registrant as Specified in its Charter)

 

DELAWARE   001-10883   52-1375208
(State or other jurisdiction
of Incorporation) 		  (Commission
File Number)		   (I.R.S. Employer
Identification No.)

 

1000 Sagamore Parkway South,
Lafayette, Indiana		   47905   765-771-5310
(Address of principal executive offices)   (Zip Code)   (Registrant’s telephone number including area code)

 


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 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 8.01Other Events.

 

On November 14, 2018, Wabash National Corporation (the “Company”) announced that its board of directors approved a 6.7% increase in the Company’s regular quarterly dividend, from $0.075 per share to $0.08 per share of common stock. The dividend declared is payable January 24, 2019, to stockholders of record on January 3, 2019.

 

In addition, on November 15, 2018, the Company announced that its board of directors authorized the Company to repurchase up to an additional $100 million of its common stock through February 2022, representing approximately 12 percent of the company’s current market capitalization. This is an increase to the existing repurchase program approved in February 2017, of which approximately $5 million was available as of November 14, 2018. Stock repurchases under this program may be made in the open market or in private transactions at times and in amounts determined by the Company.  The Company, at its sole discretion, may limit or terminate the stock repurchase program at any time based on market conditions, liquidity needs or other factors.

  

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  WABASH NATIONAL CORPORATION  
       
Date:  November 15, 2018 By:

/s/ Jeffery L. Taylor

  
    Jeffery L. Taylor  
    Senior Vice President and Chief Financial Officer