<SEC-DOCUMENT>0001157523-20-000472.txt : 20200406
<SEC-HEADER>0001157523-20-000472.hdr.sgml : 20200406
<ACCEPTANCE-DATETIME>20200406165327
ACCESSION NUMBER:		0001157523-20-000472
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200401
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200406
DATE AS OF CHANGE:		20200406

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMCON DISTRIBUTING CO
		CENTRAL INDEX KEY:			0000928465
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & GENERAL LINE [5141]
		IRS NUMBER:				470702918
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15589
		FILM NUMBER:		20777556

	BUSINESS ADDRESS:	
		STREET 1:		7405 IRVINGTON ROAD
		STREET 2:		POST OFFICE BOX 641940 (68164-7940)
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68122
		BUSINESS PHONE:		4023313727

	MAIL ADDRESS:	
		STREET 1:		7405 IRVINGTON ROAD
		STREET 2:		POST OFFICE BOX 641940 (68164-7940)
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68122
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52199606.htm
<DESCRIPTION>AMCON DISTRIBUTING COMPANY 8-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 11pt;"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">FORM 8-K</div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 11pt;"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Pursuant to Section 13 OR 15(d) of The Securities Act of 1934</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><u>Date of Report (Date of earliest event reported) April 1, 2020</u></div>
    <div style="font-family: 'Times New Roman',Times,serif;"><u> <br>
      </u></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><br>
      <font style="font-weight: bold; font-size: 11pt;"><u>AMCON DISTRIBUTING COMPANY</u></font><br>
      (Exact name of registrant as specified in its charter)</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><u> <br>
      </u></div>
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          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Delaware</font><font id="TRGRRTFtoHTMLTab" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font></div>
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">1-15589</font><font id="TRGRRTFtoHTMLTab" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font></div>
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">47-0702918</font><font id="TRGRRTFtoHTMLTab" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font></div>
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            <div style="text-align: center;">(State or other jurisdiction</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">(Commission</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">(IRS Employer</div>
          </td>
        </tr>
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          <td style="width: 32%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">of incorporation)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">File Number)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>

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    </div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>7405 Irvington Road, Omaha NE 68122</u></font><font style="text-indent: 0px; font-family: 'Times New Roman',Times,serif;"><br>
      </font></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Address of principal executive offices) (Zip Code)</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">
      <div style="text-align: center;"><u>Registrant's telephone number, including area code:<font style="font-weight: bold;"> 402-331-3727</font></u></div>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;"><u>Not Applicable</u></font></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Former name or former address, if changed since last report)</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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:</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 11pt;">&#9744;<font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160; Written communications pursuant to Rule 425 under the Securities Act (17
        CFR 230.425)</font></div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 11pt;">&#9744;<font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)</font></div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 11pt;">&#9744;<font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160; Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act (17 CFR 240.14d-2(b))</font></div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 11pt;">&#9744;<font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the
        Exchange Act (17 CFO 240.13e-4(c))</font></div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
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            <div style="text-align: center;">Title of each class</div>
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            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
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            <div style="text-align: center;">Name of each exchange on which registered</div>
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            <div style="text-align: center;">Common Stock, $0.01 par value</div>
          </td>
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            <div style="text-align: center;">DIT</div>
          </td>
          <td style="width: 44.18%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">NYSE American</div>
          </td>
        </tr>

    </table>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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).</div>
    <div style="text-align: right;"><font style="font-family: 'Times New Roman',Times,serif;">Emerging growth company</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#9744;</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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; &#9744;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"> <br>
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              <td style="width: 72pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 8.01</td>
              <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
                <div style="font-weight: bold;">Other Events.</div>
              </td>
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    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">As previously announced, AMCON Distributing Company ("AMCON") and Chas. M. Sledd Company, a West Virginia based wholesale distributor serving the
      convenience store industry ("Sledd"), entered into a contribution agreement ("Contribution Agreement") providing for their joint ownership and operation of a limited liability company ("Team Sledd") formed for the purpose of owning and operating
      Sledd's wholesale distribution business.</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">On April 1, 2020, AMCON closed on the aforementioned transactions contemplated by the Contribution Agreement. At the closing, Sledd contributed
      substantially all of its assets and stated liabilities to Team Sledd while AMCON contributed $10.0 million in cash, of which $6.5 million was structured as equity and $3.5 million was in the form of a secured loan to Team Sledd which is subordinate
      to the liens of Team Sledd's existing secured lenders.</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">In connection with the closing contemplated by the Contribution Agreement, Sledd and AMCON entered into an Operating Agreement for Team Sledd to
      set forth their respective ownership interests and capital contributions in Team Sledd and to provide for the management of the business and affairs of Team Sledd. At the transaction closing date, Sledd and AMCON owned approximately 55% and 45% of
      Team Sledd&#8217;s outstanding equity, respectively. As contemplated by the Contribution Agreement and the Operating Agreement, it is anticipated that certain membership interests in Team Sledd will be redeemed over a six year period, or potentially
      longer, with such redemptions to be funded from the operations of Team Sledd. These redemptions would result in corresponding increases in the percentage of the outstanding equity of Team Sledd owned by AMCON.</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">*</font><font id="TRGRRTFtoHTMLTab" style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">*<font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>*</font></div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
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    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SIGNATURE</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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.</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z6a713864556344798d97fb5e6cb9666a">

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            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;" rowspan="1" colspan="2">AMCON DISTRIBUTING COMPANY</td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 47%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 47%;">
              <div>&#160;</div>
            </td>
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            <td style="width: 50%;">Dated: April 6, 2020</td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 47%;">
              <div>&#160;</div>
            </td>
          </tr>
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            <td style="width: 50%; padding-bottom: 2px;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; padding-bottom: 2px;">By:<br>
            </td>
            <td style="width: 47%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Andrew C. Plummer</td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 47%;">Andrew C. Plummer</td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 47%;">President &amp; Chief Financial Officer</td>
          </tr>

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