<SEC-DOCUMENT>0001157523-20-001351.txt : 20201028
<SEC-HEADER>0001157523-20-001351.hdr.sgml : 20201028
<ACCEPTANCE-DATETIME>20201028060236
ACCESSION NUMBER:		0001157523-20-001351
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201027
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201028
DATE AS OF CHANGE:		20201028

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:		201265989

	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>a52315153.htm
<DESCRIPTION>AMCON DISTRIBUTING COMPANY 8-K
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 OR 15(d) of The Securities Act of 1934</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center;"><u>Date of Report (Date of earliest event reported) </u><font style="font-weight: bold;"><u>October 27, 2020</u></font></div>
      <div style="text-align: center;"><font style="font-weight: bold;"><u> <br>
          </u></font></div>
      <div style="text-align: center;"><br>
        <font style="font-weight: bold;"><u>AMCON DISTRIBUTING COMPANY</u></font><br>
        (Exact name of registrant as specified in its charter)</div>
      <div style="text-align: center;"><font style="font-weight: bold;"><u> <br>
          </u></font></div>
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          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold; text-align: center;">Delaware<font style="font-size: 6pt;" id="TRGRRTFtoHTMLTab"><br>
              </font></div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold; text-align: center;">1-15589<font style="font-size: 6pt;" id="TRGRRTFtoHTMLTab"><br>
              </font></div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold; text-align: center;">47-0702918<font style="font-size: 6pt;" id="TRGRRTFtoHTMLTab"><br>
              </font></div>
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          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">(State or other jurisdiction</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">(Commission</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">(IRS Employer</div>
          </td>
        </tr>
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          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">of incorporation)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">File Number)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center;"><font style="font-weight: bold;"><u>7405 Irvington Road, Omaha NE 68122</u></font></div>
      <div style="text-align: center;">(Address of principal executive offices) (Zip Code)</div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center;"><u>Registrant&#8217;s telephone number, including area code:</u><font style="font-weight: bold;"><u> 402-331-3727</u></font></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><u><font style="font-weight: bold;">Not Applicable</font></u> </div>
    <div style="text-align: center;">(Former name or former address, if changed since last report) </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-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:</div>
    <div><br>
    </div>
    <div style="text-align: justify;">&#9744;&#160; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify;">&#9744;&#160; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify;">&#9744;&#160; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify;">&#9744;&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFO 240.13e-4(c))</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div><br>
    </div>
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          <td style="width: 33.33%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 22.14%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 44.54%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
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          <td style="width: 33.33%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Common Stock, $0.01 par value</div>
          </td>
          <td style="width: 22.14%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">DIT</div>
          </td>
          <td style="width: 44.54%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NYSE American</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-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).</div>
    <div style="text-align: right;">Emerging growth company &#160; &#160;&#160;&#160;&#160;&#160; &#9744;</div>
    <div><br>
    </div>
    <div style="text-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.&#160;&#160;&#160; &#9744;</div>
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    <div style="text-align: justify;"><font style="font-weight: bold;">ITEM 5.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
        of Certain Officers.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">On October 27, 2020, AMCON's Board of Directors appointed Charles J. Schmaderer to serve as Chief Financial Officer of AMCON, in addition to the positions he presently holds as Vice President and Secretary of AMCON.
      Andrew C. Plummer, who has served as AMCON's Chief Financial Officer since January 2007, will continue to serve as AMCON's President and Chief Operating Officer as well as being a member of AMCON's Board of Directors.&#160; There is no arrangement or
      understanding between Mr. Schmaderer and any other person pursuant to which he was selected as an officer of AMCON.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Charles J. Schmaderer, age 51, has served as the Company&#8217;s Vice President since April 2018, as Secretary since October 2018, and as the Company's Corporate Controller from April 2018 to October 2020. From 2006 to 2018,
      Mr. Schmaderer served the Company in various roles including as the Vice President of Financial Reporting and Assistant Secretary, and as the Director of Financial and SEC Reporting. Prior to joining AMCON, Mr. Schmaderer held financial management
      roles with Hewlett Packard (HP) and before that practiced public accounting, primarily with the accounting firm Grant Thornton, LLP. Mr. Schmaderer also holds a Master of Business Administration (MBA) from the University of Nebraska-Omaha.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">A press release announcing that Mr. Schmaderer has been named as Chief Financial Officer of AMCON is set forth in Exhibit 99.1 of this report.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">ITEM 8.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Other Events.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">On October 27, 2020, AMCON issued a press release which, in addition to announcing that Charles J. &#8220;Chuck&#8221; Schmaderer has been named as Chief Financial Officer of AMCON (see Item 5.02 of this report), also announced
      that the Board of Directors of AMCON had declared a quarterly cash dividend and had replenished the number of shares authorized for repurchase under AMCON&#8217;s existing Common Stock repurchase program.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The press release is set forth in Exhibit 99.1 of this report.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">ITEM 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight: bold;">Financial Statements and Exhibits.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Exhibit</div>
    <div style="text-align: justify;"><u>No.</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Description</u></div>
    <div style="text-align: justify;"><a href="a52315153ex99_1.htm">99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a href="a52315153ex99_1.htm">Press release, dated October 27, 2020, issued by AMCON Distributing Company.</a></div>
    <div><br>
    </div>
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    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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    <div style="text-align: center; margin-left: 4.5pt;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Pursuant to the requirements of the Securities and 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><br>
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              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 20%;"><u>AMCON DISTRIBUTING COMPANY</u></td>
          </tr>
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            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; text-align: center;">(Registrant)</td>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
          </tr>
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              <div>&#160;</div>
            </td>
            <td style="width: 20%;">
              <div>&#160;</div>
            </td>
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              <div>&#160;</div>
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              <div>&#160;</div>
            </td>
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            </td>
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              <div>&#160;</div>
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            <td style="width: 50%; padding-bottom: 2px;">Date: October 27, 2020</td>
            <td style="width: 20%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Andrew C. Plummer</td>
            <td style="width: 30%; padding-bottom: 2px;">
              <div>&#160;</div>
            </td>
          </tr>
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            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">
              <div>&#160;</div>
            </td>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">Name:&#160; Andrew C. Plummer</td>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">Title:&#160; President</td>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
          </tr>

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    </div>
    <div><br>
    </div>
    <div></div>
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  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52315153ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div> <br>
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  <div>
    <div class="bw-release">
      <h1 style="text-align: center; list-style-position: inside;FONT-SIZE: 14pt;"> <b>AMCON Distributing Company Announces Charles J. Schmaderer Named CFO and $0.18 Quarterly Dividend</b> </h1>
      <div class="bw-release-body">
        <div class="bw-release-table-js bw-release-story">
          <p>OMAHA, Neb.--(BUSINESS WIRE)--October 27, 2020--AMCON Distributing Company (&#8220;AMCON&#8221;) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce that Charles J. &#8220;Chuck&#8221; Schmaderer has been named as Chief
            Financial Officer of AMCON, in addition to the positions he presently holds as Vice President and Secretary of AMCON. Andrew C. Plummer, who has served as AMCON's Chief Financial Officer since January 2007, will continue to serve as AMCON's
            President and Chief Operating Officer, as well as being a member of AMCON's Board of Directors. </p>
          <p> &#8220;Chuck has been a key member of our financial team at AMCON since 2006 and has worked closely with Andy and I over the years implementing a wide range of long term strategic initiatives,&#8221; said Christopher H. Atayan, AMCON&#8217;s Chairman and Chief
            Executive Officer. </p>
          <p> &#8220;We have built a strong culture of financial stewardship at AMCON over the years, and Chuck&#8217;s hard work and dedication have been central to those efforts. As our footprint continues to grow, the systems and procedures developed by Chuck and
            his finance team will provide a strong foundation to build upon,&#8221; said Andrew C. Plummer, AMCON&#8217;s President and Chief Operating Officer. </p>
          <p> &#8220;One of the key tenets of AMCON&#8217;s operating philosophy over the years has been a relentless focus on the success of our customers. I look forward to building upon the Company&#8217;s foundation of financial strength and capabilities in support of
            this mission in the coming years,&#8221; said Charles J. Schmaderer, AMCON&#8217;s Chief Financial Officer. </p>
          <p> In addition, we are pleased to announce that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on December 1, 2020 to shareholders of record as of November 6, 2020. </p>
          <p> At the same time, the Board of Directors replenished the number of shares authorized for repurchase under AMCON&#8217;s existing Common Stock repurchase program. The program provides for the purchase of up to 75,000 shares of AMCON&#8217;s common stock;
            the shares may be purchased from time to time in open market or negotiated transactions. </p>
          <p> AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and chilled foods, and health and beauty care products with distribution facilities in Illinois, Missouri,
            Nebraska, North Dakota, South Dakota and Tennessee. AMCON also operates twenty-one (21) health and natural product retail stores in the Midwest and Florida. The retail stores operate under the names Akin&#8217;s Natural Foods Market www.akins.com in
            its Midwest market, and Chamberlin's Market &amp; Cafe www.chamberlins.com, and Earth Origins Market www.earthoriginsmarket.com in its Florida market. </p>
          <div> </div>
          <p> <i>This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and
              financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation,
              availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company&#8217;s Annual Report on Form 10-K. Moreover, past financial performance should
              not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to
              all such forward-looking statements. </i> </p>
          <p style="text-align: center; list-style-position: inside;"> <b>Visit AMCON Distributing Company's web site at: www.amcon.com</b> </p>
        </div>
        <div class="bw-release-contact">
          <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
          <p> Christopher H. Atayan <br>
            AMCON Distributing Company <br>
            Ph 402-331-3727 </p>
        </div>
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