UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
DATE
OF REPORT (Date of Earliest Event
Reported):
January
28, 2016
CASH
AMERICA INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Texas |
001-09733 |
75-2018239 |
(State of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
1600 West
7th Street
Fort
Worth, Texas 76102
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (817) 335-1100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On January 28, 2016, Cash America International, Inc. (the “Company”) issued a press release to announce its consolidated financial results for the three and twelve months ended December 31, 2015. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The press release includes non-GAAP financial measures as that term is defined in Regulation G. The press release also includes the most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”), information reconciling the non-GAAP financial measures to the GAAP financial measures, and a discussion of the reasons why the Company’s management believes that presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition and results of operations. The non-GAAP financial information presented therein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.
ITEM 7.01 REGULATION FD DISCLOSURE
See Item 2.02 Results of Operations and Financial Condition.
ITEM 8.01 OTHER EVENTS
On January 28, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.08 per share, an increase of 60% per share from the Company’s previous quarterly dividend of $0.05 per share. The dividend will be payable on February 24, 2016 to shareholders of record on February 10, 2016. A copy of the Company’s press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. |
Description |
|
99.1 |
Cash America International, Inc. press release dated January 28, 2016 (Financial Results) |
|
99.2 |
Cash America International, Inc. press release dated January 28, 2016 (Dividend Increase)
|
Safe Harbor Statement Under the Private Securities and Litigation
Reform Act
This report contains forward-looking statements
about the business, financial condition, operations and prospects of the
Company. The actual results of the Company could differ materially from
those indicated by the forward-looking statements because of various
risks and uncertainties including, without limitation: the effect of,
compliance with or changes in laws, rules and regulations applicable to
the Company's business or changes in the interpretation or enforcement
thereof; the regulatory and examination authority of the Consumer
Financial Protection Bureau; the effect of any current or future
litigation proceedings, including an unfavorable outcome in an
outstanding lawsuit relating to the Company’s 5.75% Senior Notes due
2018 even though the Company believes the lawsuit is without merit and
will vigorously defend its position, and any judicial decisions or
rule-making that affects the Company, its products or the legality or
enforceability of its arbitration agreements; decreased demand for the
Company’s products and services and changes in competition; fluctuations
in the price of gold and changes in economic conditions; public
perception of the Company’s business and the Company’s business
practices; accounting and income tax risks related to goodwill and other
intangible asset impairment, certain tax positions taken by the Company
and other accounting matters that require the judgment of management;
the Company’s ability to attract and retain qualified executive
officers; risks related to the Company’s financing, such as compliance
with financial covenants in the Company’s debt agreements, the Company’s
ability to satisfy its outstanding debt obligations, to refinance
existing debt obligations or to obtain new capital; risks related to
interruptions to the Company’s business operations, such as a prolonged
interruption in the Company’s operations of its facilities, systems or
business functions, cyber-attacks or security breaches or the actions of
third parties who provide, acquire or offer products and services to,
from or for the Company; risks related to the expansion and growth of
the Company’s business, including the Company’s ability to open new
locations in accordance with plans or to successfully integrate newly
acquired businesses into its operations; risks related to the 2014
spin-off of the Company’s former E-Commerce Division that comprised its
e-commerce segment, Enova International, Inc.; fluctuations in the price
of the Company’s common stock; the effect of any of the above changes on
the Company’s business or the markets in which the Company operates; and
other risks and uncertainties indicated in the Company’s filings with
the Securities and Exchange Commission. These risks and uncertainties
are beyond the ability of the Company to control, nor can the Company
predict, in many cases, all of the risks and uncertainties that could
cause its actual results to differ materially from those indicated by
the forward-looking statements. When used in this report, terms such as
“believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,”
“intends,” “anticipates,” “may,” “forecasts,” “projects” and similar
expressions and variations as they relate to the Company or its
management are intended to identify forward-looking statements. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements to reflect events or circumstances occurring
after the date of this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CASH AMERICA INTERNATIONAL, INC. |
|||
|
|||
Date: |
January 28, 2016 |
By: |
/s/ J. Curtis Linscott |
|
J. Curtis Linscott |
||
|
Executive Vice President, |
||
|
General Counsel & Secretary |
EXHIBIT INDEX
Exhibit No. |
Description |
99.1 |
Cash America International, Inc. press release dated January 28, 2016 (Financial Results) |
99.2 |
Cash America International, Inc. press release dated January 28, 2016 (Dividend Increase)
|