WageWorks, Inc. (NYSE:WAGE) Files An 8-K Regulation FD Disclosure
Item7.01. Regulation FD Disclosure
WageWorks, Inc. (the Company) expects each of revenue and
Non-GAAP Adjusted EBITDA for the quarter ended June30, 2017 to be
slightly above the high end of the previously provided ranges of
$117.5 million to $119.5 million and $34.0 million to $35.6
million, respectively. Additional details about the Companys
actual financial results for the quarter ended June30, 2017 will
be provided during its next earnings call, which is expected to
take place in early August.
The information in Item7.01 of this Current Report on Form8-K is
being furnished, not filed, in accordance with the provisions of
General InstructionB.2 of Form8-K. Accordingly, the information
in Item7.01 of this Form8-K will not be
incorporated by reference in any registration statement filed by
the Company under the Securities Act of 1933 unless specifically
identified therein as being incorporated therein by
On June19, 2017,
the Company issued a press release announcing the public offering
of approximately 2,500,000 shares of its common stock. The press
release announcing the public offering is attached hereto as
Exhibit99.1 and is incorporated herein by reference.
Financial Statements and Exhibits.
|99.1||Press Release of WageWorks, Inc., dated June19, 2017.|
Certain Unaudited Pro Forma Condensed Combined Statement of
Income of WageWorks, Inc.
About WageWorks, Inc. (NYSE:WAGE)
WageWorks, Inc. is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act and other employee benefits. Its CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses. Employers financially benefit from its programs through reduced payroll taxes. Under its FSA, HSA and commuter programs, employee participants contribute funds from their pre-tax income to pay for qualified out-of-pocket healthcare expenses not covered by insurance, such as co-pays, deductibles and over-the-counter medical products, or for commuting costs.