Cover and table of contents
10K characters. Original on sec.gov · Markdown
Cover and table of contents
10-K 1 the10k_2017.htm THE 2017 ANNUAL 10-K REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 30, 2017
__ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 0-27078
HENRY SCHEIN, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 135 Duryea Road |
|---|---|
| (State or other jurisdiction of | Melville, New York |
| incorporation or organization) | (Address of principal executive offices) |
| 11-3136595 | 11747 |
| (I.R.S. Employer Identification No.) | (Zip Code) |
(631) 843-5500
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Name of each exchange on which registered |
|---|---|
| Common Stock, par value $.01 per share | The NASDAQ Global Select Market |
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
YES: X NO: __
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
YES: __ NO: X
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES: X NO: __
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
YES: X NO: __
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10‑K. X
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer: X Accelerated filer: __ Non-accelerated filer: __ Smaller reporting company: __ Emerging growth company: __
(Do not check if a smaller reporting 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. □
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
YES: __ NO: X
The aggregate market value of the registrant’s voting stock held by non-affiliates of the registrant, computed by reference to the closing sales price as quoted on the NASDAQ Global Select Market on July 1, 2017, was approximately $14,360,474,000.
As of February 15, 2018, there were 153,694,200 shares of registrant’s Common Stock, par value $.01 per share, outstanding.
Documents Incorporated by Reference:
Portions of the Registrant’s definitive proxy statement to be filed pursuant to Regulation 14A not later than 120 days after the end of the fiscal year (December 30, 2017) are incorporated by reference in Part III hereof.
| TABLE OF CONTENTS | |||||||
| Page | |||||||
| Number | |||||||
| PART I. | |||||||
| ITEM 1. | Business............................................................................................................................................................................. | 3 | |||||
| ITEM 1A. | Risk Factors......................................................................................................................................................................... | 21 | |||||
| ITEM 1B. | Unresolved Staff Comments.................................................................................................................................................... | 36 | |||||
| ITEM 2. | Properties............................................................................................................................................................................ | 37 | |||||
| ITEM 3. | Legal Proceedings................................................................................................................................................................. | 38 | |||||
| ITEM 4. | Mine Safety Disclosures........................................................................................................................................................ | 39 | |||||
| PART II | |||||||
| ITEM 5. | Market for Registrant's Common Equity, Related Stockholder Matters | ||||||
| and Issuer Purchases of Equity Securities............................................................................................................................. | 40 | ||||||
| ITEM 6. | Selected Financial Data.......................................................................................................................................................... | 43 | |||||
| ITEM 7. | Management's Discussion and Analysis of Financial Condition | ||||||
| and Results of Operations.................................................................................................................................................. | 45 | ||||||
| ITEM 7A. | Quantitative and Qualitative Disclosures About Market Risk......................................................................................................... | 75 | |||||
| ITEM 8. | Financial Statements and Supplementary Data............................................................................................................................ | 77 | |||||
| ITEM 9. | Changes in and Disagreements With Accountants on Accounting | ||||||
| and Financial Disclosure.................................................................................................................................................... | 123 | ||||||
| ITEM 9A. | Controls and Procedures........................................................................................................................................................ | 123 | |||||
| ITEM 9B. | Other Information................................................................................................................................................................. | 127 | |||||
| PART III | |||||||
| ITEM 10. | Directors, Executive Officers and Corporate Governance............................................................................................................... | 127 | |||||
| ITEM 11. | Executive Compensation........................................................................................................................................................ | 127 | |||||
| ITEM 12. | Security Ownership of Certain Beneficial Owners and Management | ||||||
| and Related Stockholder Matters......................................................................................................................................... | 128 | ||||||
| ITEM 13. | Certain Relationships and Related Transactions, and Director Independence.................................................................................... | 128 | |||||
| ITEM 14. | Principal Accountant Fees and Services.................................................................................................................................... | 128 | |||||
| PART IV. | |||||||
| ITEM 15. | Exhibits,Financial Statement Schedules.................................................................................................................................... | 129 | |||||
| ITEM 16. | Form 10-K Summary.............................................................................................................................................................. | 136 | |||||
| Signatures........................................................................................................................................................................... | 137 | ||||||
PART I