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Section 1: 8-K (8-K)

false000153899000015389902019-09-102019-09-10

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): September 10, 2019

STORE Capital Corporation

(Exact name of registrant as specified in its charter)

Maryland

    

001-36739

    

45-2280254

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

8377 East Hartford Drive, Suite 100

Scottsdale, AZ 85255

(Address of Principal Executive Offices, Including Zip Code)

(480) 256-1100

(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:

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:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

STOR

New York Stock Exchange

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

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.

Item 7.01

Regulation FD Disclosure.

On September 10, 2019, STORE Capital Corporation (the “Company”) issued a press release announcing that its Board of Directors has authorized, and the Company has declared, a regular quarterly cash dividend on its common stock. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information set forth in this Item 7.01 and in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 8.01

Other Events.

On September 10, 2019, STORE Capital Corporation (the “Company”) announced that its Board of Directors has authorized, and the Company has declared, a regular quarterly cash dividend on its common stock of $0.35 per share for the third quarter ending September 30, 2019. The dividend will be paid on October 15, 2019 to the Company’s stockholders of record as of the close of business on September 30, 2019.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

 

Description

99.1

Press Release dated September 10, 2019

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.

 

 

STORE Capital Corporation

 

 

Dated: September 10, 2019

 

By:

/s/ Chad A. Freed

 

 

Chad A. Freed

 

 

Executive Vice President-General Counsel

 

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Section 2: EX-99.1 (EX-99.1)

Exhibit 991

Exhibit 99.1

 

Picture 1  

 

 

STORE Capital Increases Quarterly Dividend to $0.35 per Share

or 6.1% Over Prior Quarter

 

SCOTTSDALE, Ariz., September 10, 2019 -- STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it has declared a regular quarterly cash dividend on its common stock of $0.35 per share for the third quarter ending September 30, 2019. On an annualized basis, this dividend of $1.40 per common share represents an increase of $0.08 per share over the previous annualized dividend. The dividend will be paid on October 15, 2019 to STORE Capital stockholders of record as of the close of business on September 30, 2019.

“This dividend increase reflects our Board’s continued confidence in the sustainability and growth of the company’s adjusted funds from operations,” said Christopher H. Volk, President and Chief Executive Officer of STORE Capital. “We are committed to delivering superior returns to our stockholders, including a well-protected dividend. This represents the fifth increase in as many years as we have been a public company.”

About STORE Capital

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,300 property locations, substantially all of which are profit centers, in all 50 states. Additional information about STORE Capital can be found on its website at www.storecapital.com.

Contacts:

 

Financial Profiles, Inc.

[email protected]

 

Investors:

Moira Conlon, 310-622-8220

Lisa Mueller, 310-622-8231

or

Media:

Tricia Ross, 310-622-8226

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