Form 8-K - Current report
21 Febbraio 2025 - 10:30PM
Edgar (US Regulatory)
0001100682false00011006822025-02-202025-02-20
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
February 20, 2025
Date of Report (Date of earliest event reported)
CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
| | | | | | | | |
Delaware | 001-15943 | 06-1397316 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
251 Ballardvale Street
Wilmington, Massachusetts 01887
(Address of Principal Executive Offices) (Zip Code)
781-222-6000
(Registrant’s Telephone Number, including Area Code)
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 | CRL | New York Stock Exchange |
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) |
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☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 Other Events
Purchase of Shares of Company Common Stock
On February 20, 2025:
• Mr. James C. Foster, Chair, President and Chief Executive Officer of Charles River Laboratories International, Inc. (the “Company”) purchased 6,075 shares of the Company’s common stock at an average price of $165.01 for an aggregate purchase price of approximately $1 million in open market transactions.
•Ms. Birgit Girshick, Corporate Executive Vice President and Chief Operating Officer of the Company purchased 1,514 shares of the Company’s common stock at an average price of $164.63 for an aggregate purchase price of approximately $250,000 in open market transactions.
Both Mr. Foster and Ms. Girshick indicated that they engaged in these transactions in recognition of the confidence they have in the strategic direction and long-term growth prospects of the Company. Mr. Foster’s and Ms. Girshick's purchases will be reported separately on Forms 4 to be filed with the Securities and Exchange Commission.
Termination of Rule 10b5-1 Trading Plans
On February 19, 2025:
•Mr. Foster terminated his Rule 10b5-1 Trading Plan (the “Foster Plan”) dated February 26, 2024. The Foster Plan allowed for the sale of a maximum of 129,721 shares of the Company’s common stock at times specified in the Foster Plan pursuant to a pre-established formula. Mr. Foster terminated the Foster Plan in order to facilitate the purchase of shares of common stock of the Company on February 20, 2025, as described above, without concern of unintentionally violating short swing profit rules of Section 16 of the Securities Exchange Act of 1934, as amended, by affecting open market sales within six months of open market purchases. Mr. Foster sold 25,000 shares pursuant to the Foster Plan on August 1, 2024.
•Ms. Girshick terminated her Rule 10b5-1 Trading Plan (the “Girshick Plan”) dated November 22, 2023. The Girshick Plan allowed for the sale of a maximum of 22,362 shares of the Company’s common stock at times specified in the Girshick Plan pursuant to a pre-established formula. Ms. Girshick terminated the Girshick Plan in order to facilitate the purchase of shares of common stock of the Company on February 20, 2025, as described above, without concern of unintentionally violating short swing profit rules of Section 16 of the Securities Exchange Act of 1934, as amended, by affecting open market sales within six months of open market purchases. Mr. Girshick did not sell any shares pursuant to the Girshick Plan.
This Current Report on Form 8-K includes “safe harbor” language pursuant to the Private Securities Litigation Reform Act of 1995, as amended, indicating that certain statements contained in this Current Report are “forward-looking,” rather than historic. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “will,” “may,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements also include statements about Mr. Foster’s and Ms. Girshick's beliefs in the Company’s strategic direction and growth prospects.
Forward-looking statements are based on the Company’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. Those risks and uncertainties include, but are not limited to, statements about Mr. Foster’s and Ms. Girshick's beliefs with regard to the Company’s strategic direction and growth prospects. Furthermore, these and other risks relating to the Company are set forth in the documents filed by the Company with the Securities and Exchange Commission, including without limitation, the Company’s Annual Report on Form 10-K filed February 19, 2025. The Company does not undertake, and assumes no obligation and expressly disclaims any duty to update or revise its forward-looking statements or any of the information contained in this Current Report on Form 8-K, including related to future events or circumstances except as required by law.
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.
| | | | | | | | | | | |
| | | CHARLES RIVER LABORATORIES INTERNATIONAL, INC. |
| | | |
Date: | February 21, 2025 | By: | /s/ Matthew L. Daniel |
| | | Matthew L. Daniel, Corporate Senior Vice President, |
| | | General Counsel, Corporate Secretary & Chief Compliance Officer |
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