Quarterly report pursuant to Section 13 or 15(d)

Shareholder's Equity - Thermon Holding Corp

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Shareholder's Equity - Thermon Holding Corp
 3 Months Ended
Jun. 30, 2011
Shareholders' Equity

13. Shareholders’ Equity

 

In May, 2011, we completed an initial public offering of our common stock. We issued 4,575,098 new common shares for which we received $48,669 after deductions for expenses, underwriting discounts and commissions. The gross offering price was $12.00 per share.   In addition, some of our stockholders participated in the offering and sold a total of 6,074,902 shares at a gross offering price of $12.00 per share, for which they were paid directly.  After completion of the initial public offering and the issuance of 15,136 restricted shares (see note 15, “Stock-Based Compensation Expense”), Thermon Group Holdings had 29,523,641 shares outstanding with 150,000,000 authorized at June 30, 2011.   At June 30, 2011, CHS and two other private equity firms controlled approximately 53.3% of the common stock of Thermon Group Holdings.

 

Thermon Group Holdings also has  10,000,000 preferred shares authorized with none issued.
Thermon Holding Corp
  
Shareholders' Equity

12. Shareholder’s Equity

 

In May, 2011, our parent Thermon Group Holdings, Inc. completed an initial public offering of its common stock. They received $48,669 after deductions for expenses, underwriting discounts and commissions. Those funds were contributed to us for the purpose of making principal reductions of our Senior secured notes and for general corporate purposes.

 

We have 100,000 shares of $0.001 par value common stock issued and outstanding. All of our outstanding shares of common stock are held by our parent entity, Thermon Group Holdings, Inc.