Examples of Manitowoc ParentCo in a sentence
Manitowoc ParentCo will distribute the shares of Manitowoc Foodservice common stock in book-entry form, which means that we will not issue physical stock certificates.
Manitowoc ParentCo’s shareholders will not be required to pay any consideration for the shares of Manitowoc Foodservice common stock they receive in the spin-off, surrender or exchange their shares of Manitowoc ParentCo common stock, or take any other action in connection with the spin-off.Manitowoc ParentCo currently owns all of the outstanding shares of Manitowoc Foodservice common stock.
Any representation to the contrary is a criminal offense.This Information Statement is not an offer to sell, or a solicitation of an offer to buy, any securities.The date of this Information Statement is [●], 2016.A notice of this Information Statement’s availability was first sent to holders of record of Manitowoc ParentCo on or about [●], 2016.
Certain employees participate in defined benefit pension plans sponsored by Manitowoc ParentCo. When we become a standalone independent company, we will assume these obligations and provide the benefits directly.
The panel explained that the Crime Victims’ Rights Act and the Mandatory Victim Restitution Act give victims a right to restitution, not a right to criminal forfeiture.
Manitowoc ParentCo will transfer to us the plan liabilities in the amount of $5.9 million and assets in the amount of $5.9 million associated with participant employees of Manitowoc Foodservice.
Manitowoc ParentCo will transfer to us the plan liabilities in the amount of $52.7 million and assets in the amount of $35.3 million associated with participant employees of Manitowoc Foodservice.
The number of shares of Manitowoc Foodservice common stock is based on the number of shares of Manitowoc ParentCo common stock outstanding on September 30, 2015 and an expected distribution ratio of one share of Manitowoc Foodservice common stock for every share of Manitowoc ParentCo common stock.
Coincident with the Spin-Off, Manitowoc ParentCo will change its name to Manitowoc Cranes, Inc.Prior to the Distribution, Manitowoc ParentCo will undertake a series of internal transactions (the “Internal Reorganization”), following which Manitowoc ParentCo will hold, in addition to the shares of our common stock, its current crane business and we will hold the Foodservice Business.
Certain highly compensated and key management employees and directors participate in deferred compensation plans sponsored by Manitowoc ParentCo. When we become a standalone independent company, we will assume these obligations and provide the benefits directly.