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 February 22, 2017, ACCO Brands Corporation (the “Company”)
announced its results for the period ended December 31, 2016.
Attached as Exhibit 99.1 is a copy of the press release relating to
the Company’s results, which is incorporated herein by reference.
announced its results for the period ended December 31, 2016.
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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99.1
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Press Release of the Company, dated February 22, 2017.
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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; the consolidation of
our customers; risks associated with foreign currency fluctuations;
our ability to realize the synergies, growth opportunities and
other potential benefits of the Pelikan Artline and Esselte
acquisitions and successfully combine Pelikan Artline and Esselte
with our existing businesses; shifts in the channels of
distribution of our products; challenges related to the highly
competitive business segments 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; commercial
and consumer spending decisions during periods of economic
uncertainty or weakness; a failure 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; our ability to successfully expand our
business in emerging markets which generally involve more
financial, operational, legal and compliance risks and create
exposure to unstable political conditions, civil unrest and
economic volatility; our ability to grow profitably through
acquisitions; our ability to successfully compete in a rapidly
changing and highly competitive computer accessories industry; the
impact of regulatory and self-regulatory requirements, litigation,
regulatory actions or other legal claims or 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, raw material, labor and transportation
cost fluctuations; the impact of pension costs; any impairment of
our goodwill or other intangible assets; risks associated with our
substantial indebtedness, including our significant 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;
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,
2015, in “Part II, Item 1A. Risk Factors” in our Quarterly Report
on Form 10-Q for the quarter ended June 30, 2016 and in other
reports we file with the SEC.
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; the consolidation of
our customers; risks associated with foreign currency fluctuations;
our ability to realize the synergies, growth opportunities and
other potential benefits of the Pelikan Artline and Esselte
acquisitions and successfully combine Pelikan Artline and Esselte
with our existing businesses; shifts in the channels of
distribution of our products; challenges related to the highly
competitive business segments 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; commercial
and consumer spending decisions during periods of economic
uncertainty or weakness; a failure 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; our ability to successfully expand our
business in emerging markets which generally involve more
financial, operational, legal and compliance risks and create
exposure to unstable political conditions, civil unrest and
economic volatility; our ability to grow profitably through
acquisitions; our ability to successfully compete in a rapidly
changing and highly competitive computer accessories industry; the
impact of regulatory and self-regulatory requirements, litigation,
regulatory actions or other legal claims or 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, raw material, labor and transportation
cost fluctuations; the impact of pension costs; any impairment of
our goodwill or other intangible assets; risks associated with our
substantial indebtedness, including our significant 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;
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,
2015, in “Part II, Item 1A. Risk Factors” in our Quarterly Report
on Form 10-Q for the quarter ended June 30, 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 up +0.20 at 12.90 with 744,309 shares trading hands.