<SEC-DOCUMENT>0001062993-17-004253.txt : 20170927
<SEC-HEADER>0001062993-17-004253.hdr.sgml : 20170927
<ACCEPTANCE-DATETIME>20170927073514
ACCESSION NUMBER:		0001062993-17-004253
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170927
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Material Impairments
FILED AS OF DATE:		20170927
DATE AS OF CHANGE:		20170927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SunOpta Inc.
		CENTRAL INDEX KEY:			0000351834
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			0101

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		171103151

	BUSINESS ADDRESS:	
		STREET 1:		2233 ARGENTIA ROAD
		STREET 2:		SUITE 401
		CITY:			MISSISSAUGA
		STATE:			A6
		ZIP:			L5N 2X7
		BUSINESS PHONE:		(905) 455-1990

	MAIL ADDRESS:	
		STREET 1:		2233 ARGENTIA ROAD
		STREET 2:		SUITE 401
		CITY:			MISSISSAUGA
		STATE:			A6
		ZIP:			L5N 2X7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNOPTA INC
		DATE OF NAME CHANGE:	20031107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STAKE TECHNOLOGY LTD
		DATE OF NAME CHANGE:	19940901
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>SunOpta, Inc. - Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C. 20549
</P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT</B><BR><B>PURSUANT TO SECTION 13 OR 15(d) OF
THE</B><BR><B>SECURITIES EXCHANGE ACT OF 1934</B><BR></P>
<P align=center>Date of Report (Date of earliest event reported):<B> September 22, 2017 </B></P>
<P align=center><B><FONT size=5>SUNOPTA INC.</FONT></B><BR><I>(Exact name
of registrant as specified in its charter) </I></P>
<TABLE
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  <TR vAlign=top>
    <TD align=center><B><U>Canada </U></B></TD>
    <TD align=center width="33%"><B><U>001-34198 </U></B></TD>
    <TD align=center width="33%"><B><U>Not Applicable </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>(State or other jurisdiction of </I></TD>
    <TD align=center width="33%"><I>(Commission File Number) </I></TD>
    <TD align=center width="33%"><I>(IRS Employer Identification </I></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>incorporation) </I></TD>
    <TD align=center width="33%">&nbsp; </TD>
    <TD align=center width="33%"><I>No.) </I></TD></TR></TABLE>
<P align=center><B>2233 Argentia Road, Suite 401</B><BR><B>Mississauga,
Ontario, L5N 2X7, Canada</B><BR><I>(Address of Principal Executive
Offices)</I><BR></P>
<P align=center><B>(905) 821-9669</B><BR><I>(Registrant's telephone
number, including area code)</I><BR></P>
<P align=justify>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:</P>
<P align=justify>[&nbsp; &nbsp;] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</P>
<P align=justify>[&nbsp; &nbsp;] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12)</P>
<P align=justify>[&nbsp;&nbsp; ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))</P>
<P align=justify>[&nbsp; &nbsp;] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) </P>
<P align=justify>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 align=right>Emerging growth company [&nbsp; &nbsp;] </P>
<P align=justify>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. [&nbsp; &nbsp;] </P>
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<P align=justify><B>ITEM 2.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COSTS
ASSOCIATED WITH EXIT OR DISPOSAL</B></P>
<P align=justify>On September 22, 2017, the Board of Directors of SunOpta, Inc.
(the &#147;Company&#148;) approved a plan to exit the Company&#146;s nutrition bar product
lines and operations in Carson City, NV. The Company is working with its
nutrition bar customers to expedite the exit from these operations and is
targeting completion by the end of fiscal 2017. The cessation of operations is
part of the Company&#146;s ongoing portfolio optimization strategy and Value Creation
Plan and reflects a decision by the Company to redeploy financial and human
resources towards more profitable segments of its business.</P>
<P align=justify>The Company expects to incur charges of approximately $8.0
million to $9.5 million relating to the facility closure, including
approximately $5.0 million to $6.0 million of non-cash charges for the
impairment of plant equipment, intangible assets and inventory, and
approximately $3.0 million to $3.5 million of cash expenditures. The cash
charges include approximately $1.0 million for severance and other employee
costs and approximately $2.0 million to $2.5 million for contract termination and other facility closure costs. The Company expects to recognize
the non-cash charges in the third quarter of fiscal 2017, and the cash charges
during the third and fourth quarters of fiscal 2017.</P>
<P align=justify><B>ITEM 2.06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MATERIAL
IMPAIRMENTS </B></P>
<P align=justify>The disclosures contained under Item 2.05 are incorporated
herein by reference. </P>
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<P align=center><B>SIGNATURES</B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>
<P style="MARGIN-LEFT: 50%" align=justify>SUNOPTA INC. </P>
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    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >By: </TD>
  <TD align=left width="45%" ><u>/s/ Robert McKeracher&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </u></TD>
  </TR>
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    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >&nbsp; </TD>
  <TD align=left width="45%" >Robert McKeracher </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >&nbsp; </TD>
    <TD align=left width="45%" >Vice President and Chief
      Financial Officer </TD>
  </TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="5%" >&nbsp; </TD>
  <TD width="45%" >&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >Date: </TD>
    <TD align=left width="45%" >September 27, 2017</TD>
  </TR></TABLE><BR>
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