MATCH GROUP, INC. (NASDAQ:MTCH) Files An 8-K Other Events

ME Staff 8-k
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MATCH GROUP, INC. (NASDAQ:MTCH) Files An 8-K Other Events
Item 8.01.

In connection with the Offering, Match Group is disclosing in this Current Report on Form 8-K certain retrospective updates that have been made to the financial information of the Company that was previously filed with the Securities and Exchange Commission (“SEC”) by Match Group on February 28, 2017 in its Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”), such updates being made to reflect the sale by Match Group on March 31, 2017 of its Non-dating business, which operated under the umbrella of The Princeton Review. As a result of the sale, the Company moved the results of The Princeton Review to discontinued operations and Match Group is managed as a portfolio of dating brands and has one operating segment, Dating.

In addition, in this Current Report on Form 8-K the Company has:

•updated the disclosures related to recent accounting pronouncements that were included in its Form 10-Q for the Quarter Ended September 30, 2017, which was filed on November 9, 2017, including to reflect its adoption of ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, effective January 1, 2017 and

•included as subsequent events, the Company’s conversion of all outstanding equity awards of its wholly-owned Tinder business into Match Group options; the incremental borrowing and repricing of the Company’s term loan; and the sale of a cost method investment.

The following items of the 2016 Form 10-K are being updated retrospectively to reflect the above-mentioned changes:

1.

Part II—Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

2.

Part II—Item 8. Consolidated Financial Statements and Supplementary Data:

Consolidated Balance Sheet

Consolidated and Combined Statement of Operations

Consolidated and Combined Statement of Cash Flows

Note 1—Organization

Note 2—Summary of Significant Accounting Policies

Note 3—Income Taxes

Note 4—Business Combination

Note 5—Discontinued Operations

Note 6—Goodwill and Intangible Assets

Note 12—Earnings per Share

Note 14—Geographic Information

Note 15—Commitments

Note 19—Benefit Plans

Note 21—Consolidated and Combined Financial Statement Details

Note 22—Quarterly Results (Unaudited)

Note 23—Subsequent Events

The above sections, as updated, are included in Exhibit 99.2 to this Current Report on Form 8-K and are incorporated herein by reference. This Current Report on Form 8-K should be read in conjunction with the 2016 Form 10-K, provided that the foregoing sections supersede the corresponding sections included in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Consolidated Financial Statements and Supplementary Data” contained in the 2016 Form 10-K. Except to reflect the matters specifically noted above, this Current Report on Form 8-K does not reflect events occurring after the filing of the original 2016 Form 10-K, and does not modify or update the disclosures therein in any way. More current information is contained in the Company’s subsequent filings with the SEC, including its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2017, June 30, 2017 and September 30, 2017 as filed with the SEC.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

23.1

Consent of Ernst & Young LLP

99.1

Press Release of Match Group, Inc. dated November 17, 2017

99.2

Portion of the 2016 Form 10-K:

Part II—Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Part II—Item 8. Consolidated Financial Statements and Supplementary Data

101.INS XBRL

Instance

101.SCH XBRL

Taxonomy Extension Schema

101.CAL XBRL

Taxonomy Extension Calculation

101.DEF XBRL

Taxonomy Extension Definition

101.LAB XBRL

Taxonomy Extension Labels

101.PRE XBRL

Taxonomy Extension Presentation


Match Group, Inc. Exhibit
EX-23.1 2 mtch8-k20171117ex231.htm CONSENT OF ERNST & YOUNG LLP Exhibit Exhibit 23.1CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMWe consent to the incorporation by reference in the Registration Statements (and any amendments thereto) of Match Group,…
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About MATCH GROUP, INC. (NASDAQ:MTCH)

Match Group, Inc. is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services. It operates The Princeton Review, which provides various educational test preparation, academic tutoring and college counseling services. The Princeton Review includes Tutor.com and The Princeton Review. The Company operates a portfolio of over 45 brands, including Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24, each designed to manage its users’ likelihood of finding a romantic connection. Through its portfolio of brands, it provides tailored products to meet the varying preferences of its users. It offers its dating products in approximately 38 languages across over 190 countries.