UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-K/A
(Amendment No. 1)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2017
Commission file number 001-33274
TRAVELCENTERS OF AMERICA LLC
(Exact Name of Registrant as Specified in Its Charter)
Delaware |
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20-5701514 |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) | |||
24601 Center Ridge Road, Suite 200, Westlake, OH 44145-5639
(Address of Principal Executive Offices)
(440) 808-9100
(Registrants Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Name of each exchange on which registered |
Common Shares |
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The Nasdaq Stock Market LLC |
8.25% Senior Notes due 2028 |
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The Nasdaq Stock Market LLC |
8.00% Senior Notes due 2029 |
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The Nasdaq Stock Market LLC |
8.00% Senior Notes due 2030 |
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The Nasdaq Stock Market LLC |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer o |
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Accelerated filer x |
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Non-accelerated filer o |
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Smaller reporting company o | |||
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(Do not check if a smaller reporting company) |
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Emerging growth company o | |||
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. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x
The aggregate market value of the voting common shares of beneficial ownership, no par value, or common shares, of the registrant held by non-affiliates was $133.1 million based on the $4.10 closing price per common share on The Nasdaq Stock Market LLC on June 30, 2017. For purposes of this calculation, an aggregate of 3,563,122 common shares held directly by, or by affiliates of, the directors and the officers of the registrant, plus 3,420,000 common shares held by Hospitality Properties Trust, have been included in the number of common shares held by affiliates.
Number of the registrants common shares outstanding as of February 27, 2018: 39,983,742.
DOCUMENTS INCORPORATED BY REFERENCE
Certain information required in Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for our 2018 Annual Meeting of Shareholders to be filed pursuant to Regulation 14A, or our definitive Proxy Statement.
EXPLANATORY NOTE
TravelCenters of America LLC, or TA, is filing this Amendment No. 1 on Form 10-K/A, or this Amendment, to its Annual Report on Form 10-K for the fiscal year ended December 31, 2017, previously filed with the Securities and Exchange Commission, or SEC, on February 28, 2018, or the Original Filing, solely for the purposes of (i) amending the signature page of the Original Filing to eliminate the signature of President and Chief Operating Officer Barry A. Richards, as such signature page had erroneously included Mr. Richards as a signatory and principal executive officer of TA and (ii) making technical corrections to the cover page.
In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, currently dated certifications by TAs principal executive officer and principal financial officer required in accordance with Rule 13a-14(a) are being filed as exhibits to this Amendment and the exhibit list included in Item 15 of Part IV of the Original Filing has been amended accordingly; however, paragraphs 3, 4 and 5 of the certifications have been omitted because this Amendment does not contain any financial statements nor does it contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K.
Except as described above, no other changes have been made to the Original Filing. This Amendment does not reflect events occurring after the date of the Original Filing nor does it modify or update the disclosures contained in the Original Filing that may be affected by subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Filing and our other filings made with the SEC subsequent to the filing of the Original Filing.
PART IV
Item 15. Exhibits and Financial Statement Schedules
(b) Exhibits
3.1 |
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3.2 |
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3.3 |
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4.1 |
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4.2 |
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4.3 |
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4.4 |
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4.5 |
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4.6 |
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Form of 8.25% Senior Notes due 2028 (included in Exhibit 4.3 above) |
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4.7 |
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Form of 8.00% Senior Notes due 2029 (included in Exhibit 4.4 above) |
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4.8 |
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Form of 8.00% Senior Notes due 2030 (included in Exhibit 4.5 above) |
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10.1 |
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10.2 |
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10.3 |
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10.4 |
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10.5 |
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10.6 |
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10.7 |
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10.8 |
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10.9 |
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10.10 |
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10.11 |
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10.12 |
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10.13 |
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10.14 |
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10.15 |
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10.16 |
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10.17 |
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10.18 |
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10.19 |
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10.20 |
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10.21 |
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10.22 |
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10.23 |
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10.24 |
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10.25 |
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10.26 |
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10.27 |
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10.28 |
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10.29 |
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10.30 |
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10.31 |
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10.32 |
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10.33 |
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10.34 |
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10.35 |
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10.36 |
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10.37 |
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10.38 |
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10.39 |
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10.40 |
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10.41 |
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10.42 |
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10.43 |
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10.44 |
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10.45 |
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10.46 |
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10.47 |
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10.48 |
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10.49 |
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10.50 |
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10.51 |
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10.52 |
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10.53 |
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10.54 |
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10.55 |
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10.56 |
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10.57 |
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10.58 |
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10.59 |
* |
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10.60 |
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10.61 |
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10.62 |
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10.63 |
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10.64 |
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10.65 |
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10.66 |
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10.67 |
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10.68 |
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10.69 |
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10.70 |
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10.71 |
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10.72 |
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10.73 |
* |
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10.74 |
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12.1 |
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21.1 |
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23.1 |
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31.1 |
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31.2 |
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31.3 |
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Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer (filed herewith) |
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31.4 |
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Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer (filed herewith) |
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32.1 |
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99.1 |
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99.2 |
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99.3 |
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99.4 |
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101.1 |
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The following materials from TravelCenters of America LLCs Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations and Comprehensive Income (Loss), (iii) the Consolidated Statements of Cash Flows, and (iv) related notes to these financial statements, tagged as blocks of text (Incorporated by reference to Exhibit 101.1 to our Annual Report on Form 10-K for the year ended December 31, 2017, filed on February 28, 2018) |
* Management contract or compensatory plan or arrangement.
Confidential treatment has been granted as to certain portions of this Exhibit.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TRAVELCENTERS OF AMERICA LLC | |||
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Date: |
February 28, 2018 |
By: |
/s/ William E. Myers | |
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Name: |
William E. Myers | |
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Title: |
Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer) | |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature |
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Title |
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Date |
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/s/ Andrew J. Rebholz |
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Chief Executive Officer (Principal Executive Officer) |
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Andrew J. Rebholz |
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February 28, 2018 |
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/s/ William E. Myers |
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Executive Vice President, Chief Financial Officer and Treasurer |
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William E. Myers |
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(Principal Financial Officer and Principal Accounting Officer) |
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February 28, 2018 |
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/s/ Adam D. Portnoy |
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Adam D. Portnoy |
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Managing Director |
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February 28, 2018 |
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/s/ Barbara D. Gilmore |
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Barbara D. Gilmore |
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Independent Director |
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February 28, 2018 |
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/s/ Lisa Harris Jones |
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Lisa Harris Jones |
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Independent Director |
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February 28, 2018 |
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/s/ Joseph L. Morea |
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Joseph L. Morea |
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Independent Director |
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February 28, 2018 |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 on Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized.
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TRAVELCENTERS OF AMERICA LLC | |||
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Date: March 6, 2018 |
By: |
/s/ William E. Myers | ||
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Name: |
William E. Myers | |
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Title: |
Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer) | |