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8-KThe WireStrategic

Results of Operations

Filed Jul 31, 2020 · 6y ago · Accession 0000027996-20-000098

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Material event — a significant development the company must disclose promptly.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 30, 2020 DELUXE CORPORATION (Exact name of registrant as specified in its charter) MN 1-7945 41-0216800 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 3680 Victoria St. N. Shoreview MN 55126-2966 (Address of principal executive offices) (Zip Code) ( 651 ) 483-7111 Registrant's telephone number, including area code N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, par value $1.00 per share DLX NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth 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. ☐ Section 2 - Financial Information Item 2.02   Results of Operations and Financial Condition. As described in the Deluxe Corporation Form 10-Q for the quarter ended March 31, 2020, the Company reorganized its reportable business segments, effective January 1, 2020, to align with structural and management reporting changes in support of its growth strategy. The Company now operates 4 reportable business segments: Payments, Cloud Solutions, Promotional Solutions and Checks. This Current Report includes supplemental unaudited historical information relative to segment revenue and segment adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) on both an annual and quarterly basis for the years ended December 31, 2019 and 2018 (furnished hereunder as Exhibit 99.1 and incorporated herein by reference). Exhibit 99.1 includes a reconciliation of total segment adjusted EBITDA to consolidated income (loss) before income taxes. The Company did not operate under this structure during any of these prior periods. The information presented in Exhibit 99.1 is consistent with the segment results reported in the Company's Form 10-Q for the quarter ended March 31, 2020, in accordance with Accounting Standards Codification 280. The information contained in this Current Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number   Description 99.1   Supplemental unaudited historical information relative to business segment changes effected during the first quarter of 2020 (furnished pursuant to Item 2.02 hereof) 101.INS   XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL 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) 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 30, 2020   DELUXE CORPORATION           /s/ Jeffrey L. Cotter           Jeffrey L. Cotter     Senior Vice President, Chief     Administrative Officer and     General Counsel   3
Filing details
Ticker
DLX
CIK
27996
Form type
8-K
Filing date
Jul 31, 2020
Report date
Jul 30, 2020
Document
a2020730segment8-k.htm
Size
401 KB