Document
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

Date of report (Date of earliest event reported)
November 22, 2016
 
 
 
PATTERSON COMPANIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
 

 
 
 
 
 
Minnesota
 
0-20572
 
41-0886515
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
1031 Mendota Heights Road
St. Paul, Minnesota 55120
(Address of Principal Executive Offices, including Zip Code)
(651) 686-1600
(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:  
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION 
On November 22, 2016, Patterson Companies, Inc. issued a press release announcing its financial results for the second quarter of fiscal year 2017 ended October 29, 2016. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
 
Item 2.06
MATERIAL IMPAIRMENTS
As disclosed in the press release attached hereto as Exhibit 99.1, based on its decision not to extend sales exclusivity for the CEREC product component of its distribution arrangement with Sirona, Patterson Companies, Inc. expects to record a pre-tax non-cash impairment charge of approximately $36 million, or approximately $22 million after taxes or $0.23 per diluted share, in its fiscal 2017 third quarter. Management reviewed this conclusion with the Audit Committee on November 18, 2016.

Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS 

(d)
EXHIBITS
 
 
99.1
Press release of Patterson Companies, Inc., dated November 22, 2016.



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.
 
 
 
 
 
PATTERSON COMPANIES, INC.
 
 
 
 
Date: November 22, 2016
 
 
 
By:
 
/s/ Ann B. Gugino
 
 
 
 
 
 
Ann B. Gugino
 
 
 
 
 
 
 
 
 
 
Executive Vice President, Chief Financial Officer and Treasurer
 
 
 
 
 
 
 
 
 
 
(Principal Financial and Accounting Officer)



EXHIBIT INDEX
 
Exhibit
Number
 
Description
99.1
 
Press release of Patterson Companies, Inc., dated November 22, 2016.