Masonite files registration statement for NYSE listing
Masonite International Corporation has filed to become a U.S. reporting company on the New York Stock Exchange, with plans to withdraw its previous Form S-1 registration statement after a proposed $150 million initial public offering in February.
Additionally, the company applied for the listing of its common shares under the "DOOR" ticker symbol.
“Given Masonite’s strong balance sheet and future growth prospects, the company decided to register under the 1934 Act and list the Company’s shares on the New York Stock Exchange without a concurrent equity offering,” said CFO and executive VP Mark Erceg.
“This action is consistent with the desire expressed to us by a large portion of our shareholder base that they be able to maintain their existing ownership positions in advance of what many economists expect to be a multi-year, multi-stage recovery in the United States housing and construction markets,” added president and CEO Fred Lynch.
Masonite was previously a public company, but was acquired by private equity firm Kohlberg Kravis Roberts & Co. LP in 2005. It then filed for (and emerged from) Chapter 11 bankruptcy in 2009.
Actor Josh Duhamel and Valspar pitch in for Habitat for Humanity
Josh Duhamel, an actor best known for his role in ABC’s All My Children and the Transformers movie series, recently teamed up with Valspar Paint to launch Valspar Hands & Hearts for Habitat.
Valspar Hands & Hearts for Habitat will auction off celebrity handprints created with Valspar Paint and benefits Habitat for Humanity’s Disaster Response Program.
Autographed handprints have already been received from the likes of Duhmael, Kate Bosworth, Mischa Barton, Fergie Duhamel, Ethan Hawke, Heather Graham, Minka Kelly, Jenny McCarthy, Lea Michele, Bette Midler, Susan Sarandon, Naomi Watts and more.
"I am proud to partner with Valspar Paint and Habitat for Humanity for this important program which benefits a cause that is very near and dear to my heart," said Duhamel. "The rebuilding process is ongoing; I’ve seen it first-hand in my hometown of Minot, North Dakota with the destructive floods in 2011. Through this program, everyone can support Habitat families as they repair and rebuild their communities and gain access to safe and secure places to live. Please, bid now."
Valspar will donate $1,000 to the fund for each set of handprints in addition to proceeds from the auction, with a minimum donation of $25,000.
Greg Brooks on board to speak at ProDealer Industry Summit
Greg Brooks is one of five speakers slated to speak at this year’s ProDealer Industry Summit, taking place Oct. 23-25 in Nashville, Tenn.
Brooks, a market analyst specializing in residential building material distribution in North America, is the editor of LBM Executive and the president of Building Supply Channel. He also serves on the Harvard University Joint Center for Housing Studies committee and is the author of the NLBMDA’s "Scope of the Lumber and Building Materials Industry," as well as a co-author of "The Next Decade in North American Building Product Distribution."
Brooks’ 45 years of experience in the construction supply business promises to inform his contribution to the event, which hosts LBM dealers, suppliers, wholesalers, distributors and manufacturers.