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):
July
30, 2015
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 July 30, 2015, Cash America International, Inc. (the “Company”) issued a press release to announce its consolidated financial results for the three and six months ended June 30, 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.
On July 30, 2015, the Company announced that its Board of Directors, at its regularly scheduled quarterly meeting, declared a $0.05 (5 cents) per share cash dividend on the Company’s outstanding common shares. The dividend will be paid at the close of business on August 26, 2015 to shareholders of record on August 12, 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.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. |
Description |
|
99.1 |
Cash America International, Inc. press release dated July 30, 2015 |
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, including the effect of and compliance with
a consent order the Company entered into with the Consumer Financial
Protection Bureau in November 2013; 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, including a new Chief Executive Officer
upon the retirement of the Company’s current Chief Executive Officer;
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; 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: |
July 30, 2015 |
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 July 30, 2015 |