Company: PRMB
Filing Date: 2025-02-12
Form Type: 8-K
Source: 0001193125-25-025172
Chunk: 1

Company: Primo Brands Corp
Filing Date: 2025-02-12
Form: 8-K
Item: Item 3.02
Chunk 1
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Item 3.02.      Unregistered Sales of Equity Securities.  

In connection with the Class B Conversion (as defined below), on the Early Settlement Date, the Company issued, in reliance upon the exemption from the registration requirements of the U. S. Securities Act of 1933, as amended, provided by Section 3(a)(9) thereof, 64,512,579 shares of the Company’s Class A common stock (the “ Conversion Shares”) to One Rock (as defined below) upon conversion of an equal number of shares of Class B common stock of the Company held by One Rock. No commission or other remuneration was paid in connection with the Class B Conversion. Such Conversion Shares may not be re-offeredor sold in the United States absent an effective registration statement or an exemption from the registration requirements under applicable federal and state securities laws.

The information set forth in Item 5.01 of this Current Report is incorporated into this Item 3.02 by reference.

For additional information regarding the Class A common stock, see the Company’sForm 8-Afiled with the Securities and Exchange Commission on November 8, 2024.

  Item 3.03      Material Modifications to Rights of Shareholders.  

The information set forth in Item 1.01 of this Current Report is incorporated into this Item 3.03 by reference.

  Item 5.01.      Changes in Control of Registrant.  

As a result of the Supplemental Indentures becoming operative on the Early Settlement Date as well as the termination of the Existing Primo Revolving Credit Facility, among other things, (i) each of the 64,512,579 shares of the Company’s Class B common stock, which were held by an affiliate of One Rock Capital Partners, LLC (together with its affiliates, “ One Rock”), was converted (the “ Class B Conversion”) into one share of the Company’s Class A common stock and all of the shares of Class B common stock were retired, and (ii) One Rock is no longer subject to the limitation on voting no more than 49% of the shares of the Company’s Class A common stock outstanding, as described in the Company’s amended and restated certificate of incorporation, and is entitled to one vote per share of Class A common stock that it owns. Accordingly, the Company no longer has any outstanding shares of Class B common stock. In addition, as a result of the Class B Conversion, a change in control occurred and One Rock became the