false 0000050493 0000050493 2024-10-03 2024-10-03
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported) October 3, 2024
 
 
 
 
INGLES MARKETS, INCORPORATED
(Exact name of registrant as specified in its charter)
 
 
North Carolina 0-14706 56-0846267
(State or other jurisdiction Identification No.) (Commission File Number)
(IRS Employer
of incorporation)
 
 
P.O. Box 6676, Asheville, NC 28816
(Address of principal executive offices)                    (Zip Code)
 
Registrant’s telephone number, including area code (828) 669-2941
 
 
N/A
(Former name or former address, if changed since last report.)
 
 
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:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, $0.05 par value per share
IMKTA
The NASDAQ Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
  
   
Emerging growth company
☐
   
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.
☐
 
 
 
 
Item 7.01. Regulation FD Disclsoure.
 
On October 3, 2024, Ingles Markets, Incorporated, a North Carolina corporation (the “Company”), issued a press release with respect to hurricane Helene’s impact on the Company’s operations. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 7.01.
 
The information contained in this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except to the extent expressly stated in such filing.
 
Item 9.01 Financial Statements and Exhibits.
 
(d)         Exhibits.
 
 
Exhibit Number
Description of Exhibit
 
99.1
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
     
 
 
 
SIGNATURES
 
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.
 
INGLES MARKETS, INCORPORATED
  (Registrant)  
Date: October 3, 2024
By:
/s/ Patricia E. Jackson
Patricia E. Jackson
Chief Financial Officer         
 
 
 

Exhibit 99.1

 

 

 

Ingles Markets, Inc.

Contact: Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

October 3, 2024

For Immediate Release

 

 

Ingles Markets, Incorporated Reports Update

on the Impact of Hurricane Helene

 

 

ASHEVILLE, N.C. - Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that Hurricane Helene has impacted both stores and distribution center operations. Our hearts are heavy for those in our communities who lost lives, loved ones, homes and access to basic necessities. Hurricane Helene brought with it unprecedented flooding and property damage, together with continuing power and water outages, which have impacted our footprint of operations.

 

Currently, of our 198 stores, 186 stores are open for business, but a lack of internet access and other connectivity has limited transactions in many locations. Of the locations that remain closed, we expect all will reopen upon restoration of power to their respective areas, but we do not have a timeline for power restoration.

 

 

About Ingles Markets, Incorporated

 

Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Ingles supermarkets and unaffiliated customers. To learn more about Ingles Markets visit ingles-markets.com.

 

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “aim,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things: business and economic conditions generally in the Company’s operating area, including inflation or deflation; shortages of labor, distribution capacity, and some product shortages; inflation in food, labor and gasoline prices; the impact of weather-related events and natural disasters; the Company’s ability to successfully implement our expansion and operating strategies; pricing pressures and other competitive factors, including online-based procurement of products the Company sells; sudden or significant changes in the availability of gasoline and retail gasoline prices; the maturation of new and expanded stores; general concerns about food safety; the Company’s ability to manage technology and data security; the availability and terms of financing; and increases in costs, including food, utilities, labor and other goods and services significant to the Company’s operations. Detailed information about these factors and additional important factors can be found in the documents that the Company files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. The Company does not undertake an obligation to update forward-looking information, except to the extent required by applicable law.

 

 

 
v3.24.3
Document And Entity Information
Oct. 03, 2024
Document Information [Line Items]  
Entity, Registrant Name INGLES MARKETS, INCORPORATED
Document, Type 8-K
Document, Period End Date Oct. 03, 2024
Entity, Incorporation, State or Country Code NC
Entity, File Number 0-14706
Entity, Tax Identification Number 56-0846267
Entity, Address, Address Line One P.O. Box 6676
Entity, Address, City or Town Asheville
Entity, Address, State or Province NC
Entity, Address, Postal Zip Code 28816
City Area Code 828
Local Phone Number 669-2941
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock
Trading Symbol IMKTA
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000050493
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