ASCENT CAPITAL GROUP,INC. (NASDAQ:ASCMA) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD.
On January 16, 2019, Ascent Capital Group, Inc. (“Ascent” or the “Company”), the parent company of Monitronics International, Inc. (doing business as “Brinks Home Security”), issued a press release announcing that it has initiated a process to consider potential strategic alternatives, including an investment in the Company or its operating subsidiary Brinks Home Security by a third party and that Moelis & Company LLC has been retained as financial advisor to assist with this review. The Company has not set a definitive timetable for completing the review, and there can be no assurance that the process will result in a transaction. The Company does not intend to disclose developments or provide updates on the progress or status of this process unless and until further disclosure is appropriate or required. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated by reference herein.
This Item 7.01 and the exhibit attached hereto are being furnished to the Securities and Exchange Commission in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed “filed” for any purpose.
Forward Looking Statements
This Current Report on Form 8-K includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the strategic review process, potential transactions and other matters that are not historical facts. Words such as “believes,” “estimates,” “anticipates,” “intends,” “expects,” “projects,” “plans,” “seeks,” “may,” “will,” “should” and similar expressions may identify forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including general market and economic conditions, changes in law and government regulations and other matters affecting the business of Ascent and Brinks Home Security. These forward-looking statements speak only as of the date of this Current Report on Form 8-K, and Ascent and Brinks Home Security expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent’s and Brinks Home Security’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Ascent and Brinks Home Security, including the most recent Forms 10-K and 10-Q for additional information about Ascent and Brinks Home Security and about the risks and uncertainties related to the business of Ascent and Brinks Home Security which may affect the statements made in this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Ascent Capital Group, Inc. Exhibit
EX-99.1 2 ex991finadvanncment.htm EXHIBIT 99.1 Exhibit Exhibit 99.1ASCENT CAPITAL GROUP ANNOUNCES STRATEGIC REVIEWEnglewood,…
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About ASCENT CAPITAL GROUP,INC. (NASDAQ:ASCMA)
Ascent Capital Group, Inc. is a holding company. The Company’s segments include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada. LiveWatch is a do-it-yourself (DIY) home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising.
