UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 2.05. | Costs Associated with Exit or Disposal Activities. |
On November 20, 2019, the Company committed to the contemplated initiative previously disclosed in its November 5, 2019 earnings release intended to mitigate stranded costs associated with the spin-off of its Animal Health business as well as to rationalize operations and provide expense efficiencies. These activities are expected to be completed by the end of 2020. The Company is currently unable in good faith to make a determination of an estimate of the amount or range of amounts expected to be incurred in connection with these activities, both with respect to each major type of cost associated therewith and with respect to the total cost, or an estimate of the amount or range of amounts that will result in future cash expenditures. The Company will disclose this information after it determines such estimates or range of estimates.
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SIGNATURE
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.
HENRY SCHEIN, INC. | ||||||
(Registrant) | ||||||
Date: November 26, 2019 |
By: |
/s/ Walter Siegel | ||||
Name: |
Walter Siegel | |||||
Title: |
Senior Vice President and General Counsel |
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