<SEC-DOCUMENT>0001157523-19-001379.txt : 20190606
<SEC-HEADER>0001157523-19-001379.hdr.sgml : 20190606
<ACCEPTANCE-DATETIME>20190606070046
ACCESSION NUMBER:		0001157523-19-001379
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190606
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190606
DATE AS OF CHANGE:		20190606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TREX CO INC
		CENTRAL INDEX KEY:			0001069878
		STANDARD INDUSTRIAL CLASSIFICATION:	LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400]
		IRS NUMBER:				541910453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14649
		FILM NUMBER:		19881498

	BUSINESS ADDRESS:	
		STREET 1:		160 EXETER DRIVE
		CITY:			WINCHESTER
		STATE:			VA
		ZIP:			22603-8605
		BUSINESS PHONE:		5405426300

	MAIL ADDRESS:	
		STREET 1:		160 EXETER DRIVE
		CITY:			WINCHESTER
		STATE:			VA
		ZIP:			22603-8605
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51995207.htm
<DESCRIPTION>TREX COMPANY, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 16pt"><b>UNITED STATES</b></font><br><br><font style="font-size: 16pt">SECURITIES
      AND EXCHANGE COMMISSION</font><br><br><font style="font-size: 16pt">WASHINGTON,
      DC&#160;&#160;20549</font>
    </p>
    <hr style="height: 1.0 pt; width: 15%; color: #000000; text-align: center">


    <p style="text-align: center">
      <br>
      <font style="font-size: 16pt">FORM 8-K</font><br><br>
    </p>
    <p style="text-align: center">
      CURRENT REPORT<br>PURSUANT TO SECTION 13 OR 15(d) OF THE<br>SECURITIES
      EXCHANGE ACT OF 1934
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: left">
      Date of Report (Date of earliest event reported):&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">June
      6, 2019</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt">TREX COMPANY, INC.</font>
    </p>
    <hr style="height: 1.0 pt; width: 25%; color: #000000; text-align: center">


    <p style="text-align: center">
      (Exact Name of Registrant as Specified in Charter)
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 34%; padding-left: 0.0px; text-align: center" valign="top">
          Delaware
        </td>
        <td style="width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top">
          001-14649
        </td>
        <td style="width: 34%; white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top">
          54-1910453
        </td>
      </tr>
      <tr>
        <td style="width: 34%; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction<br>of Incorporation)
          </p>
        </td>
        <td style="width: 32%; padding-left: 0.0px; text-align: center" valign="top">
          (Commission File Number)
        </td>
        <td style="width: 34%; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 50%; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            160 Exeter Drive
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Winchester, Virginia
          </p>
        </td>
        <td style="width: 50%; white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top">
          <br>
          22603-8605
        </td>
      </tr>
      <tr>
        <td style="width: 50%; padding-left: 0.0px; text-align: center" valign="top">
          (Address of Principal Executive Offices)
        </td>
        <td style="width: 50%; padding-left: 0.0px; text-align: center" valign="top">
          (ZIP Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="white-space: nowrap">
      Registrant&#8217;s telephone number, including area code:&#160;&#160;(540) 542-6300
    </p>
    <p style="text-align: center">
      Not Applicable
    </p>
    <hr style="width: 20%; color: #000000; height: 1.0 pt; text-align: center">


    <p style="text-align: center">
      (Former Name or Former Address, if Changed Since Last Report)
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Emerging growth company&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      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&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      Securities registered pursuant to Section 12(b) of the Act:
    </p>
    <div style="text-align:center">
    <table style="width: 95%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; width: 20%; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          Title of each class
        </td>
        <td style="border-bottom-color: black; width: 20%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          Trading Symbol(s)
        </td>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          Name of each exchange on which registered
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          Common stock
        </td>
        <td style="border-bottom-color: black; width: 20%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          TREX
        </td>
        <td style="border-bottom-color: black; width: 40%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: center" valign="top">
          New York Stock Exchange
        </td>
      </tr>
    </table>
    </div>
    <p>
      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):
    </p>
    <p>
      [ ] Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)
    </p>
    <p>
      [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)
    </p>
    <p>
      [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
    </p>
    <p>
      [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On June 6, 2019 Trex Company, Inc. issued a press release announcing its
      new multi-year capital expenditure program projected at approximately
      $200 million that involves the construction of a new decking facility at
      its existing Virginia site and the installation of additional production
      lines at its Nevada site. A copy of such press release is attached
      hereto as Exhibit 99.1 and incorporated herein by reference.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(d) Trex Company, Inc. herewith files the following exhibits:
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit</b>
          </p>
        </td>
        <td style="width: 1%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="border-bottom-color: black; width: 92%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: left" valign="bottom">
          <b>Description of Exhibit</b>
        </td>
      </tr>
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        <td style="width: 7%; white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51995207ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 1%; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="width: 92%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51995207ex99_1.htm">Press release dated June 6, 2019
            announcing a new multi-year capital expenditure program.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      SIGNATURE
    </p>
    <p style="text-indent: 120.0px; margin-right: 30.0px">
      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.<br><br><br>
    </p>
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    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
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        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            TREX COMPANY, INC.
          </p>
        </td>
      </tr>
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        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 22%">

        </td>
        <td style="width: 28%">
          &#160;
        </td>
      </tr>
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        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 22%">

        </td>
        <td style="width: 28%; padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
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        <td style="width: 4%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="width: 46%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            June 6, 2019
          </p>
        </td>
        <td style="border-bottom-color: black; width: 22%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Bryan H. Fairbanks
          </p>
        </td>
        <td style="width: 28%">

        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Bryan H. Fairbanks
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Executive Vice President and<br>&#160;&#160;&#160;&#160;Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51995207ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Trex
      Company Announces New Multi-Year Capital Expenditure Program to Support
      Expanding Product Demand</b></font>
    </p>
    <p>
      WINCHESTER, Va.--(BUSINESS WIRE)--June 6, 2019--Trex Company, Inc.
      (NYSE:TREX), the world&#8217;s number one brand of decking and railing and
      leader in high-performance, low-maintenance outdoor living products, and
      a leading national provider of custom-engineered railing and staging
      systems, announced a new capital expenditure program to increase
      production capacity at its Winchester, VA, and Fernley, NV, facilities.
    </p>
    <p>
      The Company&#8217;s new multi-year capital expenditure program is projected at
      approximately $200 million between now and 2021, and involves the
      construction of a new decking facility at the existing Virginia site and
      the installation of additional production lines at the Nevada site. The
      additional production lines in Nevada will come online beginning in the
      third quarter of 2019. Additional lines will also be installed by the
      end of the second quarter of 2020. The Virginia capacity will begin to
      come online in the first quarter of 2021. The investment will allow Trex
      to increase production output for future projected growth related to its
      strategy of converting wood demand to Trex composite decking. The
      Company expects to fund the capital expenditures primarily from
      operating cash flows.
    </p>
    <p>
      Management noted that demand for its newly launched Enhance Basics and
      Naturals decking and its legacy flagship decking product Transcend
      continues to be robust, and reaffirmed its commitment to dedicate
      significant resources to increasing production throughput at its
      existing manufacturing facilities. Current production rates at both the
      Virginia and Nevada facilities have attained planned levels, and
      operating efficiency improvements are underway and are consistent with
      the Company&#8217;s comments shared in its first quarter 2019 earnings
      announcement in late April.
    </p>
    <p>
      Trex President and CEO James E. Cline noted, &#8220;Demand trends indicate the
      conversion from wood has accelerated at a faster pace than expected with
      our recent introduction of the Enhance decking products. This has
      required that we accelerate our planned capacity expansion by one year.
      We appreciate the brand loyalty of our customers and we are making the
      requisite investments to ensure the quality and availability of the
      entire portfolio of Trex decking and railing products. When completed
      these investments will increase our capacity by approximately 70%.&#8221;
    </p>
    <p>
      As a result of the new capital expenditure program, the Company has
      revised its capital expenditure guidance for 2019 to $75 million - $80
      million.
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About Trex Company</b>
    </p>
    <p>
      Trex Company is the world&#8217;s largest manufacturer of high-performance
      wood-alternative decking and railing, with more than 25 years of product
      experience. Stocked in more than 6,700 retail locations worldwide,&#160;Trex
      outdoor living products offer a wide range of style options with fewer
      ongoing maintenance requirements than wood, as well as a truly
      environmentally responsible choice. Also,&#160;Trex&#160;is a leading national
      provider of custom-engineered railing and staging systems for the
      commercial and multi-family market, including performing arts venues and
      sports stadiums. For more information, visit&#160;trex.com.
    </p>
    <p>
      CONTACT:<br>Bryan Fairbanks<br>Exec. Vice President and CFO<br>540-542-6300
    </p>
    <p>
      Lynn Morgen/Viktoriia Nakhla<br>AdvisIRy Partners<br>212-750-5800
    </p>
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