AEP INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
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001-35117
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22-1916107
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(State or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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95 Chestnut Ridge Road, Montvale, New Jersey
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07645
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(Address of principal executive offices)
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(Zip code)
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Registrants telephone number, including area code: (201) 641-6600
Former name or former address, if changed since last report: N/A
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 (see General Instruction A.2. below):
☒
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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))
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Item 5.07
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Submission of Matter to a Vote of Security Holders.
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On January 18, 2017, AEP Industries Inc., a
Delaware corporation (the Company), held a special meeting (the Special Meeting) of the stockholders of the Company (the Stockholders) in connection with the transactions contemplated by that certain Agreement and
Plan of Merger, dated as of August 24, 2016 (as amended from time to time, the merger agreement), by and among Berry Plastics Group, Inc., a Delaware corporation (Berry), Berry Plastics Corporation, a Delaware
corporation and a direct, wholly owned subsidiary of Berry, Berry Plastics Acquisition Corporation XVI, a Delaware corporation and an indirect, wholly owned subsidiary of Berry, Berry Plastics Acquisition Corporation XV, LLC, a Delaware limited
liability company and an indirect, wholly owned subsidiary of Berry, and the Company, pursuant to which Berry will acquire the Company through a two-step merger process (the mergers) that will result in the Company merging with and into
an indirect, wholly owned limited liability company subsidiary of Berry. All proposals considered and voted on by Stockholders at the Special Meeting were approved. The proposals are described in detail in the Companys definitive proxy
statement filed on December 15, 2016 with the Securities and Exchange Commission (the SEC) and the supplemental disclosures filed with the SEC in the Companys Current Report on Form 8-K on January 10, 2017. On
January 18, 2017, the Company issued a press release announcing the voting results of the Special Meeting.
The following summarizes each of the
proposals and the voting results thereon:
Proposal 1Approval of the Base Merger Consideration Proposal
At the Special Meeting, Stockholders voted to adopt the merger agreement, pursuant to which the Stockholders would be entitled to receive, at the holders
election, $110.00 in cash or 2.5011 shares of Berry common stock in exchange for each share of the Companys common stock (the base merger consideration), subject to the proration mechanics in the merger agreement (the base
merger consideration proposal).
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Votes For
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Votes Against
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Votes Abstain
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Broker Non-Votes
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3,386,443
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441
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17,732
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0
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Proposal 2Approval of the Alternative Merger Consideration Proposal
At the Special Meeting, Stockholders voted to adopt the merger agreement, pursuant to which, in certain limited circumstances (as specified in the merger
agreement), Berry may elect, in its sole discretion, to pay one hundred percent (100%) of the merger consideration in cash (the alternative merger consideration), subject to certain conditions (the alternative merger
consideration proposal).
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Votes For
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Votes Against
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Votes Abstain
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Broker Non-Votes
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3,382,042
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4,977
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17,597
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0
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Proposal 3Advisory Vote to Approve Merger-Related Compensation
At the Special Meeting, Stockholders voted to approve, on a non-binding, advisory basis, the compensation that will or may become payable to the named
executive officers of the Company in connection with the mergers.
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Votes For
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Votes Against
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Votes Abstain
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Broker Non-Votes
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1,910,126
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1,451,476
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43,014
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0
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In connection with the Special Meeting, the Company also solicited proxies with respect to a proposal to adjourn the Special
Meeting, if necessary or appropriate, to solicit additional proxies if there were not sufficient votes to approve either Proposal 1 or Proposal 2 at the time of the Special Meeting. Because the Stockholders approved the adoption of each of Proposal
1 and Proposal 2, as noted above, the adjournment proposal was not brought forward for a vote at the Special Meeting.
The disclosure set forth under Item 5.07 of this Current Report on Form 8-K is
incorporated herein by reference.
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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Dated: January 19, 2017
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AEP INDUSTRIES INC.
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By:
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/s/ L
INDA
N. G
UERRERA
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Name:
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Linda N. Guerrera
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Title:
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Vice President, Finance and Controller
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