Western Union CO 8-K, filed May 28, 2020
Western Union CO (WU)
About this 8-K
Western Union CO filed this 8-K on May 28, 2020.
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
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
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Item 7.01. | Regulation FD Disclosure. |
On May 28, 2020, The Western Union Company (the “Company”) issued a press release discussing its April and May 2020 transaction trends. A copy of the press release is attached hereto as Exhibit 99.1. The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference to such filing.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit Number | | Description of Exhibit | ||
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99.1 | | Press Release issued by The Western Union Company on May 28, 2020 | ||
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||
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.
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Dated: May 28, 2020 | | THE WESTERN UNION COMPANY | |
| | By: | /s/ DARREN A. DRAGOVICH |
| | Name: | Darren A. Dragovich |
| | Title: | Vice President and Assistant Secretary |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Company provides update on improving transaction trends in its Consumer-to-Consumer Segment
Western Union to present at upcoming conferences, including Bernstein’s Annual Strategic Decisions Conference and Bank of America’s Global Technology Conference
DENVER, May 28, 2020: The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company will present virtually at the Bank of America Global Technology conference on Tuesday, June 2, 2020. The presentation will begin at 3:15 p.m. Pacific time and will include comments from Raj Agrawal, CFO.
Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com, under the investor relations section. The archived webcast will be available approximately one hour after the conclusion of the presentation.
Also, as previously announced, Western Union CEO, Hikmet Ersek, will present virtually today at Bernstein’s 36th Annual Strategic Decisions conference at 4:00 p.m. Eastern time. Mr. Ersek will provide an update on the Company’s growth strategy and current trends.
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As highlighted with first quarter 2020 results, the decline in transactions for the Company’s Consumer-to-Consumer business associated with the COVID-19 crisis improved to -21% for the month of April, from approximately -30% in late March. The April improvement was led by better trends in the retail business and 77% transaction growth in the digital money transfer business. |
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The Company has continued to see improved transaction trends thus far in the month of May in the Consumer-to-Consumer business, and will provide further specifics on May performance in early June. |
Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com, under the investor relations section. The archived webcast will be available approximately one hour after the conclusion of the presentation.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Our omnichannel platform connects the digital and physical
worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2020, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2019, is available in over 75 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
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Contacts:
Media Relations:
Pia De Lima
+1 (954) 260-5732
Pia.DeLima@westernunion.com
Investor Relations:
Brendan Metrano
+1(720) 332-8089
Brendan.Metrano@westernunion.com