ACCO BRANDS CORPORATION (NYSE:ACCO) Files An 8-K Results of Operations and Financial Condition
Item 2.02 – Results of Operations and Financial Condition.
On May 3, 2017, ACCO Brands Corporation (the “Company”) announced
its results for the period ended March 31, 2017. Attached as
Exhibit 99.1 is a copy of the press release relating to the
Company’s results, which is incorporated herein by reference.
its results for the period ended March 31, 2017. Attached as
Exhibit 99.1 is a copy of the press release relating to the
Company’s results, which is incorporated herein by reference.
The information included in this Current Report on Form 8-K under
this Item 2.02 is being furnished and shall not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
Section. The information in this Current Report included under this
Item 2.02 shall not be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, as amended, except as shall be expressly set forth by
specific reference in such filing.
this Item 2.02 is being furnished and shall not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
Section. The information in this Current Report included under this
Item 2.02 shall not be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, as amended, except as shall be expressly set forth by
specific reference in such filing.
Section 9 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1Press Release of the Company, dated May 3, 2017.
Forward-Looking Statements
Certain statements included in this Current Report on Form 8-K are
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this
statement for purposes of invoking these safe harbor provisions.
These forward-looking statements, which are based on certain
assumptions and describe future plans, strategies and expectations
of the Company, are generally identifiable by use of the words
“will,” “believe,” “expect,” “intend,” “anticipate,”
“estimate,” “forecast,” “project,” “plan,” or similar
expressions. In particular, our business outlook is based on
certain assumptions, which we believe to be reasonable under the
circumstances. These include, without limitation, assumptions
regarding changes in the macro environment, fluctuations in foreign
currency rates, changes in the competitive landscape and consumer
behavior and the effect of consolidation in the office products
industry, as well as other factors described below.
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this
statement for purposes of invoking these safe harbor provisions.
These forward-looking statements, which are based on certain
assumptions and describe future plans, strategies and expectations
of the Company, are generally identifiable by use of the words
“will,” “believe,” “expect,” “intend,” “anticipate,”
“estimate,” “forecast,” “project,” “plan,” or similar
expressions. In particular, our business outlook is based on
certain assumptions, which we believe to be reasonable under the
circumstances. These include, without limitation, assumptions
regarding changes in the macro environment, fluctuations in foreign
currency rates, changes in the competitive landscape and consumer
behavior and the effect of consolidation in the office products
industry, as well as other factors described below.
Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain. Because actual results may
differ from those predicted by such forward-looking statements, you
should not place undue reliance on them when deciding whether to
buy, sell or hold the Companys securities. Our forward-looking
statements are made as of the date hereof and we undertake no
obligation to update these forward-looking statements in the
future.
or strategies is inherently uncertain. Because actual results may
differ from those predicted by such forward-looking statements, you
should not place undue reliance on them when deciding whether to
buy, sell or hold the Companys securities. Our forward-looking
statements are made as of the date hereof and we undertake no
obligation to update these forward-looking statements in the
future.
Among the factors that could affect our results or cause our plans,
actions and results to differ materially from current expectations
are: the concentration of our business with a relatively limited
number of large and sophisticated customers; changes in our
customers’ business models and the consolidation of our customers;
risks associated with foreign currency fluctuations; shifts in the
channels of distribution of our products; challenges related to the
highly competitive business environments in which we operate,
including, low barriers to entry, customers who have the ability to
source their own private label products, limited retail space,
competitors strong brands, competition from imports from a range of
countries, including countries with lower production costs,
competitors ability to source lower-cost products in local
currencies, and competition from a wide range of products and
services, including electronic, digital and web-based products that
can render obsolete or less desirable some of our products; our
ability to develop and market innovative products that meet
end-user demands; business, commercial and consumer spending
decisions during periods of economic uncertainty or weakness; the
failure, inadequacy or interruption of our information technology
systems or supporting infrastructure or a cybersecurity incident or
information security breach; risks associated with the changes to
current U.S. government policies, including changes in trade
relations and policies and/or changes to U.S. tax laws; our ability
to successfully expand our business in emerging markets which
generally involves more financial, operational, legal and
compliance risks and creates more exposure to economic volatility,
unstable political conditions and civil unrest; our ability to grow
profitably through acquisitions; our ability to realize the
synergies, growth opportunities and other potential benefits of the
Pelikan Artline and Esselte acquisitions and successfully integrate
Pelikan Artline and Esselte with our existing operations; our
ability to successfully compete in a rapidly changing and highly
competitive computer products market; the impact of litigation or
other legal proceedings; the risks associated with outsourcing
production of certain of our products, information systems and
other administrative functions; the continued decline in the use of
certain of our products, especially paper-based dated time
management and productivity tools; risks associated with
seasonality and raw material, labor and transportation cost
fluctuations; increased cost of compliance with environmental,
product safety and other laws; the impact of pension costs; any
impairment of our goodwill or other intangible assets; risks
associated with our indebtedness, including our debt service
obligations, limitations imposed by restrictive covenants and our
ability to comply with financial ratios and tests; our failure to
comply with customer contracts; the insolvency, bankruptcy or
financial instability of our customers and suppliers; our ability
to secure, protect and maintain our intellectual property rights;
product liability claims or regulatory actions; our ability to
attract and retain key employees; the volatility of our stock
price; material disruptions at one of our or our suppliers’ major
actions and results to differ materially from current expectations
are: the concentration of our business with a relatively limited
number of large and sophisticated customers; changes in our
customers’ business models and the consolidation of our customers;
risks associated with foreign currency fluctuations; shifts in the
channels of distribution of our products; challenges related to the
highly competitive business environments in which we operate,
including, low barriers to entry, customers who have the ability to
source their own private label products, limited retail space,
competitors strong brands, competition from imports from a range of
countries, including countries with lower production costs,
competitors ability to source lower-cost products in local
currencies, and competition from a wide range of products and
services, including electronic, digital and web-based products that
can render obsolete or less desirable some of our products; our
ability to develop and market innovative products that meet
end-user demands; business, commercial and consumer spending
decisions during periods of economic uncertainty or weakness; the
failure, inadequacy or interruption of our information technology
systems or supporting infrastructure or a cybersecurity incident or
information security breach; risks associated with the changes to
current U.S. government policies, including changes in trade
relations and policies and/or changes to U.S. tax laws; our ability
to successfully expand our business in emerging markets which
generally involves more financial, operational, legal and
compliance risks and creates more exposure to economic volatility,
unstable political conditions and civil unrest; our ability to grow
profitably through acquisitions; our ability to realize the
synergies, growth opportunities and other potential benefits of the
Pelikan Artline and Esselte acquisitions and successfully integrate
Pelikan Artline and Esselte with our existing operations; our
ability to successfully compete in a rapidly changing and highly
competitive computer products market; the impact of litigation or
other legal proceedings; the risks associated with outsourcing
production of certain of our products, information systems and
other administrative functions; the continued decline in the use of
certain of our products, especially paper-based dated time
management and productivity tools; risks associated with
seasonality and raw material, labor and transportation cost
fluctuations; increased cost of compliance with environmental,
product safety and other laws; the impact of pension costs; any
impairment of our goodwill or other intangible assets; risks
associated with our indebtedness, including our debt service
obligations, limitations imposed by restrictive covenants and our
ability to comply with financial ratios and tests; our failure to
comply with customer contracts; the insolvency, bankruptcy or
financial instability of our customers and suppliers; our ability
to secure, protect and maintain our intellectual property rights;
product liability claims or regulatory actions; our ability to
attract and retain key employees; the volatility of our stock
price; material disruptions at one of our or our suppliers’ major
manufacturing or distribution facilities resulting from
circumstances outside our control; and other risks and
uncertainties described in>”Part I, Item 1A. Risk Factors” in
our Annual Report on Form 10-K for the year ended December 31,
2016>and in other reports we file with the SEC.
circumstances outside our control; and other risks and
uncertainties described in>”Part I, Item 1A. Risk Factors” in
our Annual Report on Form 10-K for the year ended December 31,
2016>and in other reports we file with the SEC.
About ACCO BRANDS CORPORATION (NYSE:ACCO)
ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. It operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. ACCO Brands North America includes the United States and Canada, and ACCO Brands International includes the rest of the world, primarily Northern Europe, Brazil, Australia and Mexico. Its Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. These accessories include security products, input devices and ergonomic aids. ACCO BRANDS CORPORATION (NYSE:ACCO) Recent Trading Information
ACCO BRANDS CORPORATION (NYSE:ACCO) closed its last trading session 00.00 at 14.20 with 738,212 shares trading hands.
