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EX-99.1 - EXHIBIT 99.1 - UTi WORLDWIDE INC | c18316exv99w1.htm |
United States
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
June 2, 2011
June 2, 2011
UTi Worldwide Inc.
(Exact name of Registrant as Specified in its Charter)
000-31869
(Commission File Number)
(Commission File Number)
British Virgin Islands | N/A | |
(State or Other Jurisdiction of Incorporation or Organization) | (IRS Employer Identification Number) | |
9 Columbus Centre, Pelican Drive | c/o UTi, Services, Inc. | |
Road Town, Tortola | 100 Oceangate, Suite 1500 | |
British Virgin Islands | Long Beach, CA 90802 USA |
(Addresses of Principal Executive Offices)
562.552.9400
(Registrants Telephone Number, Including Area Code)
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
(Former Name or Former Address, if Changed Since Last Report)
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:
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
UTi Worldwide Inc.
Current Report on Form 8-K
June 2, 2011
June 2, 2011
Item 2.02. Results of Operations and Financial Condition
UTi Worldwide Inc., a British Virgin Islands corporation, which we refer to as UTi or the company,
issued a news release dated June 2, 2011, which we refer to as the Earnings News Release,
announcing its results for the three months ended April 30, 2011. The Earnings News Release is
attached as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed to be filed
for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of the Section. The information contained in the Earnings News Release
shall not be incorporated by reference into any registration statement or other document pursuant
to the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit | Description | |||
99.1 | Earnings News Release dated June 2, 2011 |
Safe Harbor Statement
Certain statements in this news release may be deemed to be forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. The company intends that all such statements be subject to the safe-harbor
provisions contained in those sections. Such forward-looking statements may include, but are not
limited to, the statements about the future impact of the companys efforts to exit certain
underutilized contract logistics facilities on the companys margins, the outlook for the future
and other statements not of an historical nature. Many important factors may cause the companys
actual results to differ materially from those discussed in any such forward-looking statements,
including but not limited to the economic volatility that has materially impacted trade volumes,
transportation capacity, pricing dynamics and overall margins; the financial condition of many of
the companys customers; planned or unplanned consequences of the companys sales initiatives,
procurement initiatives and business transformation efforts; the demand for the companys services;
the impact and related costs associated with reorganization efforts and/or cost reduction measures
undertaken by the company; increased competition; the impact of volatile fuel costs and changes in
foreign exchange rates; changes in the companys effective tax rates; industry consolidation making
it more difficult to compete against larger companies; general economic, political and market
conditions, including those in Africa, Asia and EMENA; work stoppages or slowdowns or other
material interruptions in transportation services; risks of international operations; risks
associated with, and costs and expenses the company will incur as a result of, the ongoing publicly
announced U.S. Department of Justice and other governmental investigations into the pricing
practices of the air cargo transportation industry and other similar or related investigations and
lawsuits; disruptions caused by epidemics, natural disasters, conflicts, wars and terrorism; and
the other risks and uncertainties described in Risk Factors and Forward-looking Statements in
the companys Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and described in the
companys other filings with the Securities and Exchange Commission. Although UTi believes that the
assumptions underlying the forward-looking statements are reasonable, any of the assumptions could
prove inaccurate and, therefore, the company cannot assure the reader that the results contemplated
in forward-looking statements will be realized in the timeframe anticipated or at all. In light of
the significant uncertainties inherent in
the forward-looking information included herein, the inclusion of such information should not
be regarded as a representation by UTi or any other person that UTis objectives or plans will be
achieved. Accordingly, investors are cautioned not to place undue reliance on the companys
forward-looking statements. UTi undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.
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SIGNATURE
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 thereunto duly authorized.
UTi Worldwide Inc. |
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Date: June 2, 2011 | By: | /s/ Lawrence R. Samuels | ||
Lawrence R. Samuels | ||||
Executive Vice President Finance
and Chief Financial Officer |
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