# EDGAR Filing Document

**Accession Number:** 0001679273
**File Stem:** 0001104659-23-027412
**Filing Date:** 2023-3
**Character Count:** 12196
**Document Hash:** 5b3d5c61896d83f8e51510cfe84781ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-027412.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001104659-23-027412

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230228

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lamb Weston Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001679273
- **STANDARD INDUSTRIAL CLASSIFICATION:** CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030]
- **IRS NUMBER:** 611797411
- **FISCAL YEAR END:** 0528

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37830
- **FILM NUMBER:** 23694542

**BUSINESS ADDRESS:**
- **STREET 1:** 599 S. RIVERSHORE LANE
- **CITY:** EAGLE
- **STATE:** ID
- **ZIP:** 83616
- **BUSINESS PHONE:** 208.938.1047

**MAIL ADDRESS:**
- **STREET 1:** 599 S. RIVERSHORE LANE
- **CITY:** EAGLE
- **STATE:** ID
- **ZIP:** 83616

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): February 28, 2023**

**Lamb Weston Holdings, Inc.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Delaware** | &nbsp;&nbsp;**1-37830** | &nbsp;&nbsp;**61-1797411** |
| &nbsp;&nbsp;(State or other jurisdiction<br> of incorporation) | &nbsp;&nbsp;(Commission<br> File Number) | &nbsp;&nbsp;(I.R.S. Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;**599 S. Rivershore Lane** |  |
| &nbsp;&nbsp;**Eagle, Idaho** | &nbsp;&nbsp;**83616** |
| &nbsp;&nbsp;(Address of principal executive offices) | &nbsp;&nbsp;(Zip Code) |

---

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| |
|:---|
| &nbsp;&nbsp;**(208) 938-1047** |
| &nbsp;&nbsp;(Registrant's telephone number, including area code) |
| &nbsp;&nbsp;**N/A** |
| &nbsp;&nbsp;(Former name or former address, if changed since last report) |

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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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $1.00 par value | LW | New York Stock Exchange |

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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 Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp; ¨

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. ¨

**EXPLANATORY NOTE**

On February 28, 2023 (the "Closing Date"), Lamb Weston Holland B.V. ("LWH"), a wholly owned subsidiary of Lamb Weston Holdings, Inc. ("LW" or the "Company"), acquired from Meijer Beheer B.V. ("MB") 100% of the equity interests in Meijer Frozen Foods B.V. ("MFF"), a wholly owned subsidiary of MB (the "Transaction"), such that as of the Closing Date, LWH owns 100% of the equity interests in Lamb Weston/Meijer v.o.f., a joint venture between LWH and MFF engaged in the manufacturing and distribution of frozen potato products principally in Europe, the Middle East and Africa (the "Joint Venture"). The purchase price for the Transaction consisted of (i) cash consideration of approximately €531.6 million (including approximately €6.6 million of interest payable pursuant to the Purchase Agreement (as defined below)), subject to certain post-closing adjustments pursuant to the Purchase Agreement, and (ii) 1,952,421 shares (the "LW Shares") of LW's common stock, par value $1.00 per share ("LW Common Stock"), pursuant to the Sale and Purchase Agreement, dated October 19, 2022, by and among LW, LWH, MB and Mr. Kees Meijer (the "Purchase Agreement").

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which was filed as [Exhibit 2.1 to LW's Current Report on Form 8-K/A on October 21, 2022](https://www.sec.gov/Archives/edgar/data/1679273/000110465922110617/tm2228544d2_ex2-1.htm), and is incorporated by reference herein.

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| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets** |

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On the Closing Date, LW, through its wholly owned subsidiary LWH, acquired from MB 100% of the equity interests in MFF for a purchase price consisting of (i) cash consideration of approximately €531.6 million (including approximately €6.6 million of interest payable pursuant to the Purchase Agreement), subject to certain post-closing adjustments pursuant to the Purchase Agreement, and (ii) the LW Shares, as discussed above. As a result, LW, through LWH, owns 100% of the equity interests in the Joint Venture.

The foregoing description of the Transaction does not purport to be complete and is qualified in its entirety by reference to Item 1.01 of LW's [Current Report on Form 8-K, filed with the SEC on October 20, 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/1679273/000110465922110122/tm2228544d1_8k.htm), and LW's [Current Report on Form 8-K/A, filed with the SEC on October 21, 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/1679273/000110465922110617/tm2228544d2_8ka.htm).

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| | |
|:---|:---|
| **Item 3.02** | **Unregistered Sales of Equity Securities.** |

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On the Closing Date, pursuant to the Purchase Agreement, LW delivered the LW Shares to MB. The issuance of the LW Shares by LW to MB was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 (the "Securities Act"), as the offer and sale of the LW Shares does not involve a public offering of LW Common Stock. MB has represented, and LW has determined, that MB is an "accredited investor" within the meaning of Rule 501(a) under the Securities Act. The certificate or book-entry designations representing the LW Shares will bear appropriate legends to the effect that such securities have not been registered under the Securities Act or the securities laws of any state and may not be sold or transferred in the absence of an effective registration statement under the Securities Act and applicable state securities laws or an exemption from registration thereunder. In addition, such LW Shares are subject to transfer and other restrictions set forth in the Purchase Agreement.

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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On February 28, 2023, LW issued a press release announcing the closing of the Transaction. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Financial Statements of Business Acquired*. No financial
statements of MFF are required to be filed in connection with the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Pro Forma Financial Information*. No pro forma financial
statements are required to be filed in connection with the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Exhibits*.

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| [2.1](https://www.sec.gov/Archives/edgar/data/1679273/000110465922110617/tm2228544d2_ex2-1.htm) | [Sale and Purchase Agreement, by and among Lamb Weston Holdings,Inc., Lamb Weston Holland B.V., Meijer Beheer B.V. and Mr. Kees Meijer, dated as of October 19, 2022 (filed as Exhibit 2.1 to the Current Report on Form 8-K/A filed with the SEC on October 21, 2022 and incorporated herein by reference)](https://www.sec.gov/Archives/edgar/data/1679273/000110465922110617/tm2228544d2_ex2-1.htm) |
| [99.1](tm238161d1_ex99-1.htm) | [Lamb Weston Holdings,Inc. Press Release, dated February 28, 2023](tm238161d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (cover page XBRL tags embedded within the Inline XBRL document) |

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**SIGNATURES**

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

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| | | |
|:---|:---|:---|
| **LAMB WESTON HOLDINGS, INC.** | **LAMB WESTON HOLDINGS, INC.** | **LAMB WESTON HOLDINGS, INC.** |
| By: | /s/ Eryk J. Spytek | /s/ Eryk J. Spytek |
|  | Name: | Eryk J. Spytek |
|  | Title: | Senior Vice President, General Counsel and Chief Compliance Officer |

---

Date: March 1, 2023

## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![](tm238161d1_ex99-1img001.jpg) | **News Release** |
|  | **For more information, please contact:** |
|  | Investor Relations: |
|  | Dexter Congbalay |
|  | 224-306-1535 |
|  | Dexter.Congbalay@lambweston.com |
|  | Media: |
|  | Shelby Stoolman |
|  | 208-424-5461 |
|  | shelby.stoolman@lambweston.com |

---

**Lamb Weston Holdings Completes Acquisition of the Remaining Interests in European Joint Venture Lamb-Weston/Meijer**

EAGLE, ID (Feb. 28, 2023) – Lamb Weston Holdings, Inc. (NYSE: LW) ("Lamb Weston" or the "Company") announced today it has completed its purchase of the remaining equity interests in its European joint venture with Meijer Frozen Foods B.V. The final transaction consideration consisted of €525 million in cash, subject to certain adjustments, and 1,952,421 shares of Lamb Weston common stock. The Company announced its intent to purchase the interest in October 2022.

Having completed the transaction, Lamb Weston owns 100% of Lamb-Weston/ Meijer, v.o.f., which formerly operated as a 50/50 joint venture between a wholly-owned subsidiary of Lamb Weston and Meijer Frozen Foods. With the acquisition, the Company adds an additional five manufacturing facilities to its footprint worldwide, including four facilities in the Netherlands and one in the United Kingdom, as well as a sixth manufacturing facility operated through a 75% interest in a joint venture in Austria. These facilities produce nearly two billion pounds (910,000 MT) of finished frozen products annually.

While it was a 50% owner of Lamb-Weston/Meijer, the Company recorded its 50% portion of earnings in Equity Method Investment Earnings in its financial statements. As of the transaction closing, Lamb-Weston/Meijer will be a wholly-owned subsidiary of the Company, and the Company will fully consolidate Lamb-Weston/Meijer's results in its financial statements.

**<u>About Lamb Weston</u>**

Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities. Learn more about us at lambweston.com.