INNERWORKINGS,INC. (NASDAQ:INWK) Files An 8-K Regulation FD DisclosureItem 9.01. Regulation FD Disclosure
On June 28, 2018, InnerWorkings, Inc. (the “Company”) issued a press release announcing that the Company has rescheduled the date for its 2018 annual meeting of stockholders (the “Annual Meeting”). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The Annual Meeting will be held on Thursday, September 6, 2018. The Company had originally scheduled the meeting to occur on May 31, 2018. As previously disclosed, the Annual Meeting was postponed because the Company is in the process of restating its historical financial statements (the “Restatement”) and requires additional time to complete that process.
Completion of the Restatement and filing of an amendment to the Company’s 2017 Annual Report on Form 10-K are now expected to occur during the month of July 2018, at which time the Company will notify stockholders of the new date and time of its first quarter 2018 earnings release and conference call. Because of the Company’s ongoing review of certain adjustments, the Company requires additional time to complete an analysis of all necessary adjustments and to determine the extent of the corrections that may be required to its historical financial statements. Based on the Company’s current assessment, the Company now estimates the aggregate impact of the corrections on income before income taxes as follows:
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For the year ended December 31, 2017, a decrease in income before taxes of $4.5 – $5.5 million; |
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For the year ended December 31, 2016, a decrease in income before taxes of $1.0 – $1.5 million; and |
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For the year ended December 31, 2015, no material impact on income before income taxes. |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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Exhibit No. |
Description |
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Press Release dated June 28, 2018. |
INNERWORKINGS INC ExhibitEX-99.1 2 inwk_pressreleaserechangei.htm EXHIBIT 99.1 Exhibit InnerWorkings Announces Date of 2018 Annual Meeting of Stockholders CHICAGO,…To view the full exhibit click here
About INNERWORKINGS,INC. (NASDAQ:INWK)
InnerWorkings, Inc. is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company operates through three segments: North America, Latin America and EMEA. The North America segment includes operations in the United States and Canada. The Latin America segment includes operations in Mexico, South America and Central America. The EMEA segment includes operations in the United Kingdom, continental Europe, the Middle East, Africa and Asia. The Other segment consists of intersegment eliminations, shared service activities and unallocated corporate expenses. The Company’s business of providing marketing execution solutions includes the procurement of marketing materials, branded merchandise, product packaging and retail displays.
