Black Box Corporation (NASDAQ:BBOX) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On July16, 2018, Black Box Corporation (the “Company”) issued a press release announcing financial results for the fiscal quarter ended March31, 2018. A copy of the press release is furnished as Exhibit 99.1 to this report.
Item 8.01 Other Events.
The Company is filing its Annual Report on Form10-K (the “Form 10-K”) for the fiscal year ended March31, 2018 (the “Fiscal2018”) contemporaneously with this Form8-K. The Form10-K includes the Company’s audited financial statements for Fiscal2018, including the unqualified opinion included in the report of its independent registered public accounting firm. Such report contains a “going concern” explanatory paragraph. The Company is taking actions to remediate the circumstances that led to the inclusion of such “going concern” paragraph as more fully described in the Form10-K (including a transaction, asset sales and/or refinancing), although there can be no assurance that the Company will be successful in such remediation efforts.
Cautionary Forward-Looking Statements
When included in this Form 8-K, the words "expects," "believes" and "anticipates" and analogous expressions are intended to identify forward-looking statements. One can also identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Although it is not possible to predict or identify all risk factors, such risks and uncertainties may include, among others, liquidity, compliance with bank covenants, our going concern qualification, the Company's arrangements with its vendors and subcontractors, levels of business activity and operating expenses, expenses relating to compliance requirements, cash flows, global economic and business conditions, the timing and costs of restructuring programs and other initiatives, such as our enterprise resource planning system initiatives, successful marketing of the Company's product and services offerings, successful implementation of the Company's integration initiatives and successful implementation of the Company's government contracting programs, as well as competition, changes in foreign, political and economic conditions, fluctuating foreign currencies compared to the U.S. dollar, rapid changes in technologies, client preferences, government budgetary constraints and various other matters, many of which are beyond the Company's control. Additional risk factors are included in the Company's Annual Report on Form 10-K for the fiscal year ended March31, 2018, filed contemporaneously with this Form 8-K. These forward looking statements are made to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this Form 8-K. The Company expressly disclaims any obligation or undertaking to release publicly any updates or any changes in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.
Item 9.01 Financial Statements and Exhibits.
Press Release dated July 16, 2018
BLACK BOX CORP ExhibitEX-99.1 2 exhibit991_earnings4q18.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 ContactBlack Box CorporationDavid J. RussoExecutive Vice President,…To view the full exhibit click
About Black Box Corporation (NASDAQ:BBOX)
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching. Offerings under its Services platform include unified communications, data infrastructure and managed services. It conducts business globally and manages its business on a geographic-service type basis consisting of four segments: North America Products, North America Services, International Products and International Services. The offerings of its Products platform are distributed through value-added resellers, direct marketing manufacturers, mass merchandisers, Web retailers and others. The offerings of its Services platform are distributed through value-added resellers, manufacturers and large system integrators, among others.