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EX-99.1 - EXHIBIT 99.1 - SERVICE CORP INTERNATIONALtv485824_ex99-1.htm

 

 

 

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) February 13, 2018  (February 13, 2018)

 

Service Corporation International

(Exact name of registrant as specified in its charter)

 

Texas 1-6402-1 74-1488375
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
     
1929 Allen Parkway  Houston, Texas 77019

(Address of principal executive offices)

 

(Zip Code)
Registrant’s telephone number, including area code    (713) 522-5141

 

 

(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:

  

¨    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 240.13a-4(c))
 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

           

 

 

 

 

  

Item 7.01Regulation FD Disclosure

  

On February 13, 2018, Service Corporation International issued a press release announcing an increase in its share repurchase program authorizing the investment of approximately an additional $298 million, thereby increasing the total amount authorized and available for future share repurchases to $400 million.

  

On February 13, 2018, the Board of Directors declared a quarterly cash dividend of seventeen cents per share of common stock. This represents a 13.3% increase from the previous quarterly dividend paid of fifteen cents per share.

  

The attached Exhibit 99.1 is not filed, but is furnished to comply with Regulation FD. The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

  

Item 9.01Financial Statements and Exhibits

 

(d) The following exhibit is included with this report

 

  Exhibit No.   Description
  99.1   Press Release, dated February 13, 2018, announcing share repurchase increase and declaring quarterly dividend

  

 

 

 

 

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 hereunto duly authorized.

  

February 13, 2018   Service Corporation International
     
  By: /s/ Eric D. Tanzberger
     

 

  Eric D. Tanzberger
    Senior Vice President
    Chief Financial Officer