(Mark One) | |||||||||||
☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||||||||
For the quarterly period ended | June 30, 2022 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||
For the transition period from to |
HAMILTON BEACH BRANDS HOLDING COMPANY | |||||||||||||||||
(Exact name of registrant as specified in its charter) | |||||||||||||||||
Delaware | 31-1236686 | ||||||||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||||||||
4421 WATERFRONT DR. | GLEN ALLEN | VA | 23060 | ||||||||||||||
(Address of principal executive offices) | (Zip code) | ||||||||||||||||
(804) | 273-9777 | ||||||||||||||||
(Registrant's telephone number, including area code) | |||||||||||||||||
N/A | |||||||||||||||||
(Former name, former address and former fiscal year, if changed since last report) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Class A Common Stock, Par Value $0.01 Per Share | HBB | New York Stock Exchange |
Large accelerated filer | o | Accelerated filer | þ | Non-accelerated filer | o | Smaller reporting company | ☑ | Emerging growth company | ☑ |
Page Number | |||||||||||||||||
Part I. | FINANCIAL INFORMATION | ||||||||||||||||
Item 1 | Financial Statements | ||||||||||||||||
Item 2 | |||||||||||||||||
Item 3 | |||||||||||||||||
Item 4 | |||||||||||||||||
Part II. | OTHER INFORMATION | ||||||||||||||||
Item 1 | |||||||||||||||||
Item 1A | |||||||||||||||||
Item 2 | |||||||||||||||||
Item 3 | |||||||||||||||||
Item 4 | |||||||||||||||||
Item 5 | |||||||||||||||||
Item 6 | Exhibits | ||||||||||||||||
JUNE 30 2022 | DECEMBER 31 2021 | JUNE 30 2021 | |||||||||||||||
(In thousands) | |||||||||||||||||
Assets | |||||||||||||||||
Current assets | |||||||||||||||||
Cash and cash equivalents | $ | 701 | $ | 1,125 | $ | 1,108 | |||||||||||
Trade receivables, net | 99,723 | 119,580 | 102,898 | ||||||||||||||
Inventory | 228,353 | 183,382 | 151,728 | ||||||||||||||
Prepaid expenses and other current assets | 13,105 | 14,273 | 18,220 | ||||||||||||||
Total current assets | 341,882 | 318,360 | 273,954 | ||||||||||||||
Property, plant and equipment, net | 28,680 | 30,485 | 30,319 | ||||||||||||||
Goodwill | 6,253 | 6,253 | 6,253 | ||||||||||||||
Other intangible assets, net | 1,592 | 1,692 | 1,792 | ||||||||||||||
Deferred income taxes | 1,364 | 4,006 | 3,425 | ||||||||||||||
Deferred costs | 19,411 | 18,703 | 14,192 | ||||||||||||||
Other non-current assets | 5,509 | 3,005 | 3,070 | ||||||||||||||
Total assets | $ | 404,691 | $ | 382,504 | $ | 333,005 | |||||||||||
Liabilities and stockholders' equity | |||||||||||||||||
Current liabilities | |||||||||||||||||
Accounts payable | $ | 121,552 | $ | 131,912 | $ | 99,387 | |||||||||||
Accrued compensation | 7,376 | 11,719 | 7,666 | ||||||||||||||
Accrued product returns | 5,286 | 6,429 | 6,276 | ||||||||||||||
Other current liabilities | 12,939 | 14,116 | 17,957 | ||||||||||||||
Total current liabilities | 147,153 | 164,176 | 131,286 | ||||||||||||||
Revolving credit agreements | 127,003 | 96,837 | 99,170 | ||||||||||||||
Other long-term liabilities | 13,733 | 19,212 | 19,461 | ||||||||||||||
Total liabilities | 287,889 | 280,225 | 249,917 | ||||||||||||||
Stockholders' equity | |||||||||||||||||
Class A Common stock | 106 | 103 | 102 | ||||||||||||||
Class B Common stock | 39 | 40 | 41 | ||||||||||||||
Capital in excess of par value | 63,390 | 61,586 | 60,881 | ||||||||||||||
Treasury stock | (7,600) | (5,960) | (5,960) | ||||||||||||||
Retained earnings | 70,145 | 60,753 | 45,188 | ||||||||||||||
Accumulated other comprehensive loss | (9,278) | (14,243) | (17,164) | ||||||||||||||
Total stockholders' equity | 116,802 | 102,279 | 83,088 | ||||||||||||||
Total liabilities and stockholders' equity | $ | 404,691 | $ | 382,504 | $ | 333,005 |
THREE MONTHS ENDED JUNE 30 | SIX MONTHS ENDED JUNE 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(In thousands, except per share data) | (In thousands, except per share data) | ||||||||||||||||||||||
Revenue | $ | 147,527 | $ | 154,655 | $ | 293,878 | $ | 303,904 | |||||||||||||||
Cost of sales | 115,549 | 126,272 | 233,670 | 243,828 | |||||||||||||||||||
Gross profit | 31,978 | 28,383 | 60,208 | 60,076 | |||||||||||||||||||
Selling, general and administrative expenses | 26,503 | 27,447 | 41,936 | 53,826 | |||||||||||||||||||
Amortization of intangible assets | 50 | 50 | 100 | 100 | |||||||||||||||||||
Operating profit (loss) | 5,425 | 886 | 18,172 | 6,150 | |||||||||||||||||||
Interest expense, net | 867 | 698 | 1,600 | 1,418 | |||||||||||||||||||
Other expense (income), net | (252) | (224) | 1,214 | (53) | |||||||||||||||||||
Income (loss) before income taxes | 4,810 | 412 | 15,358 | 4,785 | |||||||||||||||||||
Income tax expense (benefit) | (279) | 326 | 3,096 | 1,823 | |||||||||||||||||||
Net income (loss) | $ | 5,089 | $ | 86 | $ | 12,262 | $ | 2,962 | |||||||||||||||
Basic and diluted earnings (loss) per share | $ | 0.36 | $ | 0.01 | $ | 0.87 | $ | 0.21 | |||||||||||||||
Basic weighted average shares outstanding | 14,068 | 13,875 | 14,065 | 13,865 | |||||||||||||||||||
Diluted weighted average shares outstanding | 14,095 | 13,887 | 14,093 | 13,881 |
THREE MONTHS ENDED JUNE 30 | SIX MONTHS ENDED JUNE 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||
Net income (loss) | $ | 5,089 | $ | 86 | $ | 12,262 | $ | 2,962 | |||||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||
Foreign currency translation adjustment | (926) | (755) | (2,116) | (77) | |||||||||||||||||||
(Loss) gain on long-term intra-entity foreign currency transactions | 140 | 1,367 | 1,598 | 334 | |||||||||||||||||||
Cash flow hedging activity | 1,368 | (560) | 3,421 | (396) | |||||||||||||||||||
Reclassification of foreign currency adjustments into earnings | — | — | 2,085 | — | |||||||||||||||||||
Reclassification of hedging activities into earnings | (35) | 101 | (132) | 226 | |||||||||||||||||||
Reclassification of pension adjustments into earnings | 84 | 112 | 109 | 225 | |||||||||||||||||||
Total other comprehensive income (loss), net of tax | 631 | 265 | 4,965 | 312 | |||||||||||||||||||
Comprehensive income (loss) | $ | 5,720 | $ | 351 | $ | 17,227 | $ | 3,274 |
SIX MONTHS ENDED JUNE 30 | |||||||||||
2022 | 2021 | ||||||||||
(In thousands) | |||||||||||
Operating activities | |||||||||||
Net income (loss) | $ | 12,262 | $ | 2,962 | |||||||
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||
Depreciation and amortization | 2,465 | 1,847 | |||||||||
Deferred income taxes | 1,533 | 3,925 | |||||||||
Stock compensation expense | 1,806 | 2,532 | |||||||||
Brazil foreign currency loss | 2,085 | — | |||||||||
Other | 223 | (55) | |||||||||
Net changes in operating assets and liabilities: | |||||||||||
Affiliate payable | — | (471) | |||||||||
Trade receivables | 19,846 | 45,150 | |||||||||
Inventory | (45,714) | 23,159 | |||||||||
Other assets | 1,019 | (6,824) | |||||||||
Accounts payable | (10,275) | (53,674) | |||||||||
Other liabilities | (10,706) | (10,126) | |||||||||
Net cash provided by (used for) operating activities | (25,456) | 8,425 | |||||||||
Investing activities | |||||||||||
Expenditures for property, plant and equipment | (661) | (7,616) | |||||||||
Net cash provided by (used for) investing activities | (661) | (7,616) | |||||||||
Financing activities | |||||||||||
Net additions (reductions) to revolving credit agreements | 30,237 | 686 | |||||||||
Purchase of treasury stock | (1,640) | — | |||||||||
Cash dividends paid | (2,870) | (2,689) | |||||||||
Other financing | — | (163) | |||||||||
Net cash provided by (used for) financing activities | 25,727 | (2,166) | |||||||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (36) | 78 | |||||||||
Cash, cash equivalents and restricted cash | |||||||||||
Increase (decrease) for the period | (426) | (1,279) | |||||||||
Balance at the beginning of the period | 2,150 | 3,436 | |||||||||
Balance at the end of the period | $ | 1,724 | $ | 2,157 | |||||||
Reconciliation of cash, cash equivalents and restricted cash | |||||||||||
Cash and cash equivalents | $ | 701 | $ | 1,108 | |||||||
Restricted cash included in prepaid expenses and other current assets | 62 | 213 | |||||||||
Restricted cash included in other non-current assets | 961 | 836 | |||||||||
Total cash, cash equivalents, and restricted cash | $ | 1,724 | $ | 2,157 |
Class A Common Stock | Class B Common Stock | Capital in Excess of Par Value | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | |||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||
Balance, January 1, 2022 | $ | 103 | $ | 40 | $ | 61,586 | $ | (5,960) | $ | 60,753 | $ | (14,243) | $ | 102,279 | |||||||||
Net income (loss) | — | — | — | — | 7,173 | — | 7,173 | ||||||||||||||||
Issuance of common stock, net of conversions | 2 | (1) | (1) | — | — | — | — | ||||||||||||||||
Share-based compensation expense | — | — | 764 | — | — | — | 764 | ||||||||||||||||
Cash dividends, $0.10 per share | — | — | — | — | (1,392) | — | (1,392) | ||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | 2,321 | 2,321 | ||||||||||||||||
Reclassification adjustment to net income (loss) | — | — | — | — | — | 2,013 | 2,013 | ||||||||||||||||
Balance, March 31, 2022 | 105 | 39 | 62,349 | (5,960) | 66,534 | (9,909) | 113,158 | ||||||||||||||||
Net income (loss) | — | — | — | — | 5,089 | — | 5,089 | ||||||||||||||||
Purchase of treasury stock | — | — | — | (1,640) | — | — | (1,640) | ||||||||||||||||
Issuance of common stock, net of conversions | 1 | — | (1) | — | — | — | — | ||||||||||||||||
Share-based compensation expense | — | — | 1,042 | — | — | — | 1,042 | ||||||||||||||||
Cash dividends, $0.105 per share | — | — | — | — | (1,478) | — | (1,478) | ||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | 582 | 582 | ||||||||||||||||
Reclassification adjustment to net income (loss) | — | — | — | — | — | 49 | 49 | ||||||||||||||||
Balance, June 30, 2022 | $ | 106 | $ | 39 | $ | 63,390 | $ | (7,600) | $ | 70,145 | $ | (9,278) | $ | 116,802 | |||||||||
Balance, January 1, 2021 | $ | 100 | $ | 41 | $ | 58,485 | $ | (5,960) | $ | 44,915 | $ | (17,476) | $ | 80,105 | |||||||||
Net income (loss) | — | — | — | — | 2,876 | — | 2,876 | ||||||||||||||||
Issuance of common stock, net of conversions | 2 | — | (2) | — | — | — | — | ||||||||||||||||
Share-based compensation expense | — | — | 973 | — | — | — | 973 | ||||||||||||||||
Cash dividends, $0.095 per share | — | — | — | — | (1,302) | — | (1,302) | ||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | (191) | (191) | ||||||||||||||||
Reclassification adjustment to net income (loss) | — | — | — | — | — | 238 | 238 | ||||||||||||||||
Balance, March 31, 2021 | 102 | 41 | 59,456 | (5,960) | 46,489 | (17,429) | 82,699 | ||||||||||||||||
Net income (loss) | — | — | — | — | 86 | — | 86 | ||||||||||||||||
Share-based compensation expense | — | — | 1,425 | — | — | — | 1,425 | ||||||||||||||||
Cash dividends, $0.10 per share | — | — | — | — | (1,387) | — | (1,387) | ||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | 52 | 52 | ||||||||||||||||
Reclassification adjustment to net income (loss) | — | — | — | — | — | 213 | 213 | ||||||||||||||||
Balance, June 30, 2021 | $ | 102 | $ | 41 | $ | 60,881 | $ | (5,960) | $ | 45,188 | $ | (17,164) | $ | 83,088 | |||||||||
Description | Balance Sheet Location | JUNE 30 2022 | DECEMBER 31 2021 | JUNE 30 2021 | ||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||
Interest rate swap agreements | ||||||||||||||||||||||||||
Current | Prepaid expenses and other current assets | $ | 685 | $ | — | $ | — | |||||||||||||||||||
Long-term | Other non-current assets | 2,883 | — | — | ||||||||||||||||||||||
Foreign currency exchange contracts | ||||||||||||||||||||||||||
Current | Prepaid expenses and other current assets | 79 | 73 | 47 | ||||||||||||||||||||||
$ | 3,647 | $ | 73 | $ | 47 | |||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||
Interest rate swap agreements | ||||||||||||||||||||||||||
Current | Other current liabilities | $ | — | $ | 216 | $ | 336 | |||||||||||||||||||
Long-term | Other long-term liabilities | — | 655 | 1,188 | ||||||||||||||||||||||
Foreign currency exchange contracts | ||||||||||||||||||||||||||
Current | Other current liabilities | 154 | 41 | 390 | ||||||||||||||||||||||
$ | 154 | $ | 912 | $ | 1,914 |
JUNE 30 2022 | DECEMBER 31 2021 | JUNE 30 2021 | |||||||||||||||
Preferred stock, par value $0.01 per share | |||||||||||||||||
Preferred stock authorized | 5,000 | 5,000 | 5,000 | ||||||||||||||
Preferred stock outstanding | — | — | — | ||||||||||||||
Class A Common stock, par value $0.01 per share | |||||||||||||||||
Class A Common authorized | 70,000 | 70,000 | 70,000 | ||||||||||||||
Class A Common issued(1)(2) | 10,592 | 10,267 | 10,214 | ||||||||||||||
Treasury Stock | 516 | 365 | 365 | ||||||||||||||
Class B Common stock, par value $0.01 per share, convertible into Class A on a one-for-one basis | |||||||||||||||||
Class B Common authorized | 30,000 | 30,000 | 30,000 | ||||||||||||||
Class B Common issued(1) | 3,865 | 4,000 | 4,025 |
Foreign Currency | Deferred Gain (Loss) on Cash Flow Hedging | Pension Plan Adjustment | Total | ||||||||||||||||||||
Balance, January 1, 2022 | $ | (9,877) | $ | (638) | $ | (3,728) | $ | (14,243) | |||||||||||||||
Other comprehensive income (loss) | 359 | 2,691 | — | 3,050 | |||||||||||||||||||
Reclassification adjustment to net income (loss) | 1,267 | (126) | 50 | 1,191 | |||||||||||||||||||
Tax effects | 727 | (609) | (25) | 93 | |||||||||||||||||||
Balance, March 31, 2022 | (7,524) | 1,318 | (3,703) | (9,909) | |||||||||||||||||||
Other comprehensive income (loss) | (726) | 1,789 | — | 1,063 | |||||||||||||||||||
Reclassification adjustment to net income (loss) | — | (49) | 109 | 60 | |||||||||||||||||||
Tax effects | (60) | (407) | (25) | (492) | |||||||||||||||||||
Balance, June 30, 2022 | $ | (8,310) | $ | 2,651 | $ | (3,619) | $ | (9,278) | |||||||||||||||
Balance, January 1, 2021 | $ | (9,775) | $ | (1,344) | $ | (6,357) | $ | (17,476) | |||||||||||||||
Other comprehensive income (loss) | (276) | 222 | — | (54) | |||||||||||||||||||
Reclassification adjustment to net income (loss) | — | 182 | 156 | 338 | |||||||||||||||||||
Tax effects | (79) | (115) | (43) | (237) | |||||||||||||||||||
Balance, March 31, 2021 | (10,130) | (1,055) | (6,244) | (17,429) | |||||||||||||||||||
Other comprehensive income (loss) | 725 | (800) | — | (75) | |||||||||||||||||||
Reclassification adjustment to net income (loss) | — | 145 | 155 | 300 | |||||||||||||||||||
Tax effects | (113) | 196 | (43) | 40 | |||||||||||||||||||
Balance, June 30, 2021 | $ | (9,518) | $ | (1,514) | $ | (6,132) | $ | (17,164) | |||||||||||||||
THREE MONTHS ENDED JUNE 30 | SIX MONTHS ENDED JUNE 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Type of good or service: | |||||||||||||||||||||||
Consumer products | $ | 130,698 | $ | 142,216 | $ | 260,458 | $ | 281,729 | |||||||||||||||
Commercial products | 15,092 | 10,990 | 30,172 | 19,583 | |||||||||||||||||||
Licensing | 1,737 | 1,449 | 3,248 | 2,592 | |||||||||||||||||||
Total revenues | $ | 147,527 | $ | 154,655 | $ | 293,878 | $ | 303,904 |
THREE MONTHS ENDED JUNE 30 | |||||||||||||||||||||||||||||||||||
Increase / (Decrease) | |||||||||||||||||||||||||||||||||||
2022 | % of Revenue | 2021 | % of Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Revenue | $ | 147,527 | 100.0 | % | $ | 154,655 | 100.0 | % | $ | (7,128) | (4.6) | % | |||||||||||||||||||||||
Cost of sales | 115,549 | 78.3 | % | 126,272 | 81.6 | % | (10,723) | (8.5) | % | ||||||||||||||||||||||||||
Gross profit | 31,978 | 21.7 | % | 28,383 | 18.4 | % | 3,595 | 12.7 | % | ||||||||||||||||||||||||||
Selling, general and administrative expenses | 26,503 | 18.0 | % | 27,447 | 17.7 | % | (944) | (3.4) | % | ||||||||||||||||||||||||||
Amortization of intangible assets | 50 | — | % | 50 | — | % | — | — | % | ||||||||||||||||||||||||||
Operating profit (loss) | 5,425 | 3.7 | % | 886 | 0.6 | % | 4,539 | 512.3 | % | ||||||||||||||||||||||||||
Interest expense, net | 867 | 0.6 | % | 698 | 0.5 | % | 169 | 24.2 | % | ||||||||||||||||||||||||||
Other expense (income), net | (252) | (0.2) | % | (224) | (0.1) | % | (28) | 12.5 | % | ||||||||||||||||||||||||||
Income (loss) before income taxes | 4,810 | 3.3 | % | 412 | 0.3 | % | 4,398 | 1,067.5 | % | ||||||||||||||||||||||||||
Income tax expense (benefit) | (279) | (0.2) | % | 326 | 0.2 | % | (605) | (185.6) | % | ||||||||||||||||||||||||||
Net income (loss) | $ | 5,089 | 3.4 | % | $ | 86 | 0.1 | % | $ | 5,003 | 5,817.4 | % | |||||||||||||||||||||||
Effective income tax rate | (5.8) | % | 79.1 | % |
Revenue | |||||
2021 | $ | 154,655 | |||
Increase (decrease) from: | |||||
Unit volume and product mix | (18,756) | ||||
Average sales price | 12,164 | ||||
Foreign currency | (536) | ||||
2022 | $ | 147,527 |
SIX MONTHS ENDED JUNE 30 | |||||||||||||||||||||||||||||||||||
2022 | % of Revenue | 2021 | % of Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Revenue | $ | 293,878 | 100.0 | % | $ | 303,904 | 100.0 | % | $ | (10,026) | (3.3) | % | |||||||||||||||||||||||
Cost of sales | 233,670 | 79.5 | % | 243,828 | 80.2 | % | (10,158) | (4.2) | % | ||||||||||||||||||||||||||
Gross profit | 60,208 | 20.5 | % | 60,076 | 19.8 | % | 132 | 0.2 | % | ||||||||||||||||||||||||||
Selling, general and administrative expenses | 41,936 | 14.3 | % | 53,826 | 17.7 | % | (11,890) | (22.1) | % | ||||||||||||||||||||||||||
Amortization of intangible assets | 100 | — | % | 100 | — | % | — | — | % | ||||||||||||||||||||||||||
Operating profit | 18,172 | 6.2 | % | 6,150 | 2.0 | % | 12,022 | 195.5 | % | ||||||||||||||||||||||||||
Interest expense, net | 1,600 | 0.5 | % | 1,418 | 0.5 | % | 182 | 12.8 | % | ||||||||||||||||||||||||||
Other expense (income), net | 1,214 | 0.4 | % | (53) | — | % | 1,267 | (2,390.6) | % | ||||||||||||||||||||||||||
Income (loss) before income taxes | 15,358 | 5.2 | % | 4,785 | 1.6 | % | 10,573 | 221.0 | % | ||||||||||||||||||||||||||
Income tax expense (benefit) | 3,096 | 1.1 | % | 1,823 | 0.6 | % | 1,273 | 69.8 | % | ||||||||||||||||||||||||||
Net income (loss) | $ | 12,262 | 4.2 | % | $ | 2,962 | 1.0 | % | $ | 9,300 | 314.0 | % | |||||||||||||||||||||||
Effective income tax rate | 20.2 | % | 38.1 | % |
Revenue | |||||
2021 | $ | 303,904 | |||
Increase (decrease) from: | |||||
Unit volume and product mix | (31,023) | ||||
Average sales price | 21,559 | ||||
Foreign currency | (562) | ||||
2022 | $ | 293,878 |
SIX MONTHS ENDED JUNE 30 | |||||||||||
2022 | 2021 | ||||||||||
Net cash provided by (used for) operating activities | $ | (25,456) | $ | 8,425 | |||||||
Net cash provided by (used for) investing activities | $ | (661) | $ | (7,616) | |||||||
Net cash provided by (used for) financing activities | $ | 25,727 | $ | (2,166) |
Issuer Purchases of Equity Securities (1) | |||||||||||||||||||||||
(a) | (b) | (c) | (d) | ||||||||||||||||||||
Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of the Publicly Announced Program | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program | |||||||||||||||||||
Month #1 April 1 to 30, 2022 | — | $ | — | — | $ | 25,000,000 | |||||||||||||||||
Month #2 May 1 to 31, 2022 | 15,525 | $ | 10.06 | 15,525 | $ | 24,843,869 | |||||||||||||||||
Month #3 June 1 to 30, 2022 | 135,696 | $ | 10.93 | 135,696 | $ | 23,360,036 | |||||||||||||||||
151,221 | $ | 10.84 | 151,221 | $ | 23,360,036 | ||||||||||||||||||
Exhibit | ||||||||
Number* | Description of Exhibits | |||||||
10.1 | ||||||||
10.2 | ||||||||
31(i)(1) | ||||||||
31(i)(2) | ||||||||
32 | ||||||||
101.INS | XBRL Instance Document | |||||||
101.SCH | XBRL Taxonomy Extension Schema Document | |||||||
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | |||||||
101.LAB | XBRL Taxonomy Extension Label Linkbase Document | |||||||
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
Hamilton Beach Brands Holding Company (Registrant) | ||||||||
Date: | August 3, 2022 | /s/ Michelle O. Mosier | ||||||
Michelle O. Mosier | ||||||||
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)/(Principal Accounting Officer) |
US BORROWER HAMILTON BEACH BRANDS, INC. By: /s/ Michelle Mosier Title: Senior Vice President and Chief Financial Officer CANADIAN BORROWER HAMILTON BEACH BRANDS CANADA, INC. By: /s/ Michelle Mosier Title: Senior Vice President and Chief Financial Officer |
Date: | August 3, 2022 | /s/ Gregory H. Trepp | |||||||||
Gregory H. Trepp | |||||||||||
President and Chief Executive Officer (Principal Executive Officer) |
Date: | August 3, 2022 | /s/ Michelle O. Mosier | |||||||||
Michelle O. Mosier | |||||||||||
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)/(Principal Accounting Officer) |
Date: | August 3, 2022 | /s/ Gregory H. Trepp | |||||||||
Gregory H. Trepp | |||||||||||
President and Chief Executive Officer (Principal Executive Officer) | |||||||||||
Date: | August 3, 2022 | /s/ Michelle O. Mosier | |||||||||
Michelle O. Mosier | |||||||||||
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)/(Principal Accounting Officer) |