$CORE (Core-Mark Holding Company, Inc.)

$CORE {{ '2016-02-25T20:52:55+0000' | timeago}} • Announcement

$CORE said that Stacy Loretz-Congdon, Senior Vice President and Chief Financial Officer, has informed the BoD of her intent to retire from the company at the end of 2016. The company's BoD will appoint Christopher Miller, currently Vice President and Chief Accounting Officer, to the Chief Financial Officer position, effective May 1, 2016.

$CORE {{ '2017-09-27T13:41:44+0000' | timeago}} • Announcement

$CORE said that Scott McPherson, SVP of Business Operations and Strategic Opportunities, will be the new President and COO, effective Oct 1, 2017. Christopher Hobson, SVP of Sales and Marketing, will assume the position of SVP of US Distribution-West. He succeeds Christopher Walsh, who is retiring.

$CORE {{ '2017-09-21T13:02:10+0000' | timeago}} • Announcement

$CORE, marketers of fresh and broad-line supply solutions to convenience retail industry, has announced that it has renewed its 3-year supply chain agreement with $RAD. Core-Mark is currently providing service to approx 4,500 Rite Aid stores. Finer details of the agreement are under wraps.

$CORE {{ '2017-08-28T13:25:20+0000' | timeago}} • Announcement

$CORE's BoD authorized the company to repurchase up to $40MM of its common stock. CEO Thomas Perkins said the board's action, combined with ongoing dividend program, is a clear sign of continued confidence in the company's strategy to create shareholder value.

$CORE {{ '2017-07-11T13:05:58+0000' | timeago}} • Announcement

Supply solutions provider $CORE has closed the acquisition of Farner-Bocken Company. Core-Mark acquired all of the assets of Farner-Bocken for about $174MM in cash. The transaction was funded with borrowings under the company’s credit facility. Core-Mark expects to spend around $1.5MM in start-up and due diligence costs.

$CORE {{ '2017-05-25T14:21:10+0000' | timeago}} • Announcement

$CORE appointed Jordana Kammerud as SVP and Chief Human Resource Officer, effective immediately. Joe Wegener, its current VP of Human Resources, will retire on June 30, 2017 and in the interim, will work closely with Kammerud in transitioning leadership.

$CORE {{ '2017-05-22T13:48:32+0000' | timeago}} • Announcement

$CORE entered into a Definitive Asset Purchase Agreement to buy substantially all of the assets of Farner-Bocken Co. located in Carroll, Iowa. The purchase price is expected to be about $190MM, predicated on the value of certain assets to be determined at closing. The acquisition is expected to be accretive within the first year following closing.

$CORE {{ '2017-03-29T13:49:11+0000' | timeago}} • Announcement

$CORE amended its credit facility to increase the size from $600MM to $750MM, extending the facility to March 2022. The amendment also includes an expansion feature to increase the facility by an additional $200MM to a total of $950MM.

$CORE {{ '2017-03-01T14:45:58+0000' | timeago}} • Announcement

For FY17, $CORE expects net sales to be in the range of $15.2-15.5Bil. This increase compared to FY16 is driven primarily by organic growth. The company anticipates FY17 diluted EPS to be about $1.18-1.25.

$CORE {{ '2017-03-01T14:43:30+0000' | timeago}} • Announcement

Seller of fresh and broad-line supply solutions $CORE 4Q16 earnings rose 5.6% to $18.7MM from $17.7MM during 4Q15, helped by increased net sales. Diluted EPS during the quarter rose to $0.41 from $0.38 during 4Q15. Net sales rose 36.3% YoY to $3.8Bil.

$CORE {{ '2017-01-24T17:32:08+0000' | timeago}} • Announcement

$CORE announced the expiration of its supply agreement with Kroger Convenience effective April 2017. The expiring agreement covers about 680 stores, reducing the company's total location count to about 44,000.

$CORE {{ '2016-12-16T01:26:40+0000' | timeago}} • Announcement

$CORE signed a 3-year supply agreement to service approx. 530 $WMT Neighborhood Markets and Supercenter stores in 5 western states such as Arizona, California, New Mexico, Nevada and Utah. This agreement is expected to increase $CORE's overall Candy sales by approx. 40-50%.

$CORE {{ '2016-08-30T06:49:50+0000' | timeago}} • Announcement

$CORE, who distributes fresh, chilled and frozen merchandise to convenience stores, said its supply agreement with Circle K Stores for the Southeastern Region of the US will expire effective Jan. 2017. This will reduce number of Circle K stores that $CORE currently serves by about 1,100, a 36% reduction.

$CORE {{ '2016-06-30T18:22:14+0000' | timeago}} • Announcement

Seller of fresh and broad-line supply solutions $CORE said that it has named Laura Flanagan as an Independent Director to its Board of Directors for a term that expires on the date of the company's 2017 annual meeting of stockholders. Prior to joining $CORE, Ms. Flanagan was President of the Snacks Division of $CAG.

$CORE {{ '2016-06-07T18:39:00+0000' | timeago}} • Announcement

$CORE said its key assumptions for 2016 remain unchanged and include $13MM of LIFO expense, a 38.5% tax rate and 23.4MM fully diluted shares outstanding. The company also reaffirmed CapEx estimates for 2016 of approx. $50MM, which will be used for expansion projects, including a new warehouse in Las Vegas, and maintenance investments.

$CORE {{ '2016-06-07T18:36:32+0000' | timeago}} • Announcement

$CORE said 2016 net sales are now expected to be $14.0-14.5Bil, up from $13.4-13.8Bil. Adjusted EBITDA for 2016 is now expected to be $157-164MM, up from $153-160MM. Diluted EPS for the full year is expected to be $2.31-2.46, up from $2.26-2.41. Diluted per-share estimates, excluding LIFO expense, are expected to be $2.65-2.80, up from $2.60-2.75.

$CORE {{ '2016-06-07T18:34:09+0000' | timeago}} • Announcement

$CORE said it funded the purchase of Pine State Convenience with a combination of cash on hand and borrowings under its credit facility. The company expects to spend about $1.6MM in start-up and due diligence costs in 2016 and expects to incur another $1.5MM in system conversion costs during 2017 in connection with the transaction.

$CORE {{ '2016-06-07T18:32:51+0000' | timeago}} • Announcement

South San Francisco, California-based $CORE said that it closed its previously announced acquisition of Pine State Convenience, a division of Pine State Trading Company located in Gardiner, Maine. The adjusted purchase price was approx. $88MM, paid in cash and is subject to post-closing adjustments.

$CORE {{ '2016-05-26T16:09:09+0000' | timeago}} • Announcement

$CORE said the outstanding shares, following the split, will increase from about 23MM to about 46MM. The split will have no impact on the $0.16 per share cash dividend declared on May 10, 2016, which is payable on pre-split shares.

$CORE {{ '2016-05-26T16:08:08+0000' | timeago}} • Announcement

$CORE said its BoD has approved a two-for-one stock split of its outstanding common shares in the form of a stock dividend. The additional shares will be distributed on June 27 to stockholders of record on June 9. The company anticipates its common stock to begin trading at the split-adjusted price on June 28.

$CORE {{ '2016-04-25T18:25:31+0000' | timeago}} • Announcement

$CORE said it agreed to acquire substantially all of the assets of Pine State Convenience, a division of Pine State Trading Company, in an-all cash transaction. The purchase price is estimated to be approx. $112MM, predicated on the value of certain assets to be determined at closing. The deal is expected to be accretive year one.

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