ASCENT CAPITAL GROUP, INC. (NASDAQ:ASCMA) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
Public Disclosure of Material Non-public Information
As previously disclosed, on and after February 5, 2019, Ascent Capital Group, Inc. (the “Company”) and Monitronics International, Inc. (“Monitronics”), entered into confidentiality agreements (the “Noteholder Confidentiality Agreements”) with certain holders of the Monitronics’ 9.125% Senior Notes due 2020 (the “Noteholders”). On February 27, 2019, the Company and Monitronics entered into confidentiality agreements (the “Term Lender Confidentiality Agreements” and together with the Noteholder Confidentiality Agreements, the “Confidentiality Agreements”) with certain term lenders under Monitronics’ existing credit agreement (the “Term Lenders”). The Confidentiality Agreements require a public disclosure of certain material non-public information provided to the Noteholders and the Term Lenders (the “Cleansing Materials”) upon certain dates and events set forth in the Confidentiality Agreements.
The management presentation provided to the Noteholders and the Term Lenders and attached as Exhibit 99.1 to this Form 8-K constitutes Cleansing Materials.
Statements made and information included in the Cleansing Materials are made as of the date of such Cleansing Materials and not as of the date hereof. In the course of subsequent operations, our views on some of these materials may have changed. As such, Monitronics\’ future public filings may contain information that updates or supersedes some of the information contained in the Cleansing Materials, however Monitronics is under no obligation to update such Cleansing Materials for the date hereof or any future date.
The information included in this Form 8-K under Item 7.01 and Exhibit 99.1 attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to liabilities of that Section, unless the registrant specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act.
This Current Report on Form 8-K contains certain statements that may be deemed to be “forward-looking statements” within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties and projections of results of operations or of financial condition or forecasts of future events that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential” or “continue” and similar expressions are used to identify forward-looking statements. These statements are based on certain assumptions made by Monitronics based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Although Monitronics believes its expectations stated in this Current Report on Form 8-K are based on reasonable assumptions, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Monitronics, that could cause actual results to differ materially from those implied or expressed by the forward-looking statements. These statements include, but are not limited to, statements about the restructuring of Monitronics, anticipated future financial or operational results, Monitronics’ financial position, the previously announced merger of the Company and Monitronics, and similar matters. These statements are based on certain assumptions made by Monitronics based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. These risks include the factors described under “Risk Factors” in Monitronics’ Annual Report filed on Form 10-K and Quarterly Report on Form 10-Q with the SEC and other public filings and press releases.
Each forward-looking statement speaks only as of the date of this Current Report on Form 8-K and Monitronics undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Nothing in this Current Report on Form 8-K shall constitute a solicitation to buy or an offer to sell any securities of Monitronics or the Company. Copies of Monitronics’ and the Company’s SEC filings are available free of charge at the SEC’s website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein will also be available, without charge, by directing a request to Monitronics International, Inc., 1990 Wittington Place, Farmers Branch, TX, Telephone: (972) 243-7443, or to Ascent Capital Group, Inc., 5251 DTC Parkway. Suite 1000, Greenwood Village, CO 80111, Telephone: (303) 628-5600.
Item 9.01. Financial Statements and Exhibits.
Ascent Capital Group, Inc. Exhibit
EX-99.1 2 managementpresentation.htm EXHIBIT 99.1 managementpresentation Project Secure May 2019 – Financial Results June 24,…
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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.
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