TransUnion (NYSE:TRU) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition
On February 13, 2018, TransUnion (the "Company") issued a press release announcing results for the quarter ended December 31, 2017. A copy of the press release is attached and furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information furnished to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 2.02 Other Events
On February 13, 2018, TransUnion announced that its Board of Directors has approved a dividend policy, to which it intends to pay quarterly cash dividends on our common stock with a targeted annual payout of 10 to 15 percent of Adjusted Diluted Earnings per Share, and the removal of the three-year time limitation on its previously announced $300 million stock repurchase program. The announcement was included in the press release furnished herewith as Exhibit 99.1. TransUnion expects to commence paying dividends to this policy in the second quarter of 2018, subject to the approval of the Board of Directors at the times they are declared. The remaining authorized $167 million of stock repurchases may be made from time to time at management's discretion at prices management considers to be attractive through open market purchase or through privately negotiated transactions, subject to availability. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company has no obligation to repurchase shares, and the timing, actual number and value of the shares that are repurchased, if any, will be at the discretion of management and will depend on a number of factors, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. Repurchases may be suspended, terminated or modified at any time for any reason. Any repurchased shares will have the status of treasury shares and may be used, if and when needed, for general corporate purposes.
Item 2.02Financial Statements and Exhibits.
Press release of TransUnion dated February 13, 2018, announcing results for the quarter ended December 31, 2017.
TransUnion ExhibitEX-99.1 2 a12-31x2017erexhibit991.htm EXHIBIT 99.1 Exhibit News ReleaseTransUnion Reports Strong Fourth Quarter and Full Year 2017 Results;Company Announces Adoption of Dividend PolicyCHICAGO,…To view the full exhibit click
About TransUnion (NYSE:TRU)
TransUnion, formerly TransUnion Holding Company, Inc., is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses. The International segment provides services similar to its USIS segment to businesses in select regions outside the United States. The Company’s Consumer Interactive segment offers solutions that help consumers manage their personal finances and take precautions against identity theft. The Company has operations across various industry verticals, including financial services, insurance and healthcare. The Company has presence in over 30 countries across North America, Africa, Latin America and Asia.