TriMas Corporation (NASDAQ: TRS) today announced that Heartland
Industrial Associates, L.L.C., has agreed to sell 1,500,000 shares of
its common stock to Goldman, Sachs & Co. as the sole underwriter in the
registered public offering of those shares. All net proceeds from the
sale of the common stock will be received by the selling stockholder.
TriMas Corporation will not receive any of the proceeds. The total
number of outstanding shares of TriMas Corporation's common stock will
not change as a result of this offering.
The shares are being sold by the selling stockholder pursuant to an
effective shelf registration statement. Goldman, Sachs & Co. may offer
the shares of common stock from time to time for sale in one or more
transactions on the NASDAQ Global Market, in the over-the-counter
market, through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing market
prices or at negotiated prices.
A copy of the prospectus relating to these securities may be obtained,
when available, from Goldman, Sachs & Co., Prospectus Department, 200
West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316, or by emailing [email protected].
Alternatively, interested parties may also obtain these documents, free
of charge, by visiting EDGAR on the SEC Web site at www.sec.gov.
This press release shall not constitute an offer to sell, nor the
solicitation of an offer to buy, TriMas Corporation's common stock or
any other securities, nor shall there be any sale of securities
mentioned in this press release in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
Cautionary Notice Regarding Forward-looking
Any "forward-looking" statements contained herein, including those
relating to market conditions or the Company's financial condition and
results, expense reductions, liquidity expectations, business goals and
sales growth, involve risks and uncertainties, including, but not
limited to, risks and uncertainties with respect to general economic and
currency conditions, various conditions specific to the Company's
business and industry, the Company's leverage, liabilities imposed by
the Company's debt instruments, market demand, competitive factors,
supply constraints, material and energy costs, technology factors,
litigation, government and regulatory actions, the Company's accounting
policies, future trends, and other risks which are detailed in the
Company's Annual Report on Form 10-K for the fiscal year ended December
31, 2012. These risks and uncertainties may cause actual results to
differ materially from those indicated by the forward-looking
statements. All forward-looking statements made herein are based on
information currently available, and the Company assumes no obligation
to update any forward-looking statements.
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ:
TRS) provides engineered and applied products for growing markets
worldwide. TriMas is organized into six reportable segments:
Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent
Asia Pacific and Cequent Americas. TriMas has approximately 5,500
employees at more than 60 different facilities in 17 countries.
Vice President, Investor