Pitney Bowes Inc 8-K, filed May 24, 2021
Pitney Bowes Inc (PBI)
8-K
2021-05-24
For: 2021-05-21
View Original
Added on
April 07, 2026
About this 8-K
Pitney Bowes Inc filed this 8-K on May 24, 2021, reporting on events of May 21, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission file number) | (I.R.S. Employer Identification No.) | ||||||
| Address: | ||||||||||||||||||||
| Telephone Number: | ||||||||||||||||||||
Not Applicable
(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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
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☐
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 Securities Act. ☐
ITEM 7.01 REGULATION FD DISCLOSURE
On May 21, 2021, the Company, through a wholly owned subsidiary, entered into an agreement with Grid Dynamics Holdings, Inc. to sell its Tacit Knowledge business (“Tacit”). Tacit, a United Kingdom based software consultancy company specializing in digital commerce solutions, was bought as part of the Company’s acquisition of Newgistics in 2017 and has operated largely independently from the Company’s other lines of business. The Company expects to record a gain from the transaction but does not believe the transaction is material to the Company’s operations. The gain will be included in GAAP earnings per share, but it will be excluded from adjusted earnings per share as this measure excludes gains and losses from dispositions. The transaction is expected to close in the second quarter.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit Number | Description | |||||||
| (104) | The cover page Pitney Bowes, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Pitney Bowes Inc. | ||||||||
| By: | /s/ Daniel Goldstein | |||||||
| Name: Daniel Goldstein | ||||||||
| Date: May 24, 2021 | Title: Executive Vice President, Chief Legal Officer and Corporate Secretary | |||||||