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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 AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 23, 2010
WESCO International, Inc.
(Exact name of registrant as specified in its charter)
Commission file number 001-14989
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Delaware
(State or other jurisdiction
of incorporation or organization)
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25-1723345
(IRS Employer Identification No.) |
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225 West Station Square Drive
Suite 700
Pittsburgh, Pennsylvania 15219
(Address of principal executive offices)
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(412) 454-2200
(Registrants telephone number, including area code) |
N/A
(Former name or former address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On December 23, 2010, WESCO International, Inc. (the Company) announced that it completed
its previously announced redemption (the Redemption) of all of its outstanding 2.625% Convertible
Senior Debentures due 2025 (the Debentures). In accordance with the Redemption, the Company
redeemed $2,509,000 aggregate principal amount of outstanding Debentures in exchange for an
aggregate of approximately $2.5 million in cash, including accrued and unpaid interest to, but
excluding, December 23, 2010.
Prior
to the Redemption, holders of $89,815,000 aggregate principal amount of Debentures
converted their Debentures pursuant to the terms of the Debentures (the Conversion). The
consideration paid by the Company in the Conversion was based on the closing price of the Companys
common stock over a 20-trading-day cash settlement averaging period. In settlement of the
Conversion, the Company paid an aggregate of approximately $89.8 million in cash, including
cash in lieu of fractional shares, and issued 340,213 shares of its common stock in the aggregate.
No Debentures remain outstanding following the Redemption and Conversion.
A copy of the Companys press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit 99.1
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Press Release of WESCO International, Inc., dated as of December 23, 2010 |
SIGNATURE
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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WESCO INTERNATIONAL, INC.
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By: |
/s/ Daniel A. Brailer
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Daniel A. Brailer |
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Vice President, Treasurer and
Investor Relations |
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Dated: December 23, 2010
EXHIBIT INDEX
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Exhibit 99.1
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Press Release of WESCO International, Inc., dated as of December 23, 2010 |