Item 1.01. Entry into a Material Definitive Agreement.
On July 25, 2020, Franchise Group, Inc., a Delaware corporation (the
"Company"), entered into an Amendment No. 1 (the "Amendment") to the
Underwriting Agreement, dated as of June 25, 2020, by and between the Company
and B. Riley FBR, Inc., as representative (the "Representative") of the several
underwriters named therein (the "Underwriters"). Pursuant to the Amendment, the
Company and the Representative agreed to extend the period during which the
Company granted the Underwriters an option (the "Option") to purchase up to an
additional 630,000 shares of common stock, par value $0.01 per share, of the
Company, to 35 days from June 25, 2020, or July 30, 2020. The Option was
exercised in full by the Underwriters on July 30, 2020.
The foregoing description of the Amendment is qualified in its entirety
by reference to the complete text of the Amendment, a copy of which is filed as
Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 8.01. Other Events.
On July 30, 2020, the Company issued a press release announcing the
exercise in full of the Option by the Underwriters. A copy of the press release
is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Amendment No. 1, dated as of July 25, 2020, to Underwriting
1.1 Agreement, dated June 25, 2020, by and between Franchise Group,
Inc. and B. Riley FBR, Inc., as representative of the several
underwriters.
99.1 Press Release dated July 30, 2020.
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