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EX-99.1 - EXHIBIT 99.1 - GUE Liquidation Companies, Inc.exhibit991ftd0518segmentch.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): May 8, 2018
 
FTD Companies, Inc.
(Exact Name of Registrant as Specified in Charter)
 
Delaware
 
001-35901
 
32-0255852
(State or Other jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
3113 Woodcreek Drive
Downers Grove, Illinois 60515
(Address of Principal Executive Offices) (ZIP Code)
Telephone: (630) 719-7800
(Registrant’s Telephone Number, Including Area Code)
N/A
(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 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-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 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging Growth Company o
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. o






Item 2.02
Results of Operations and Financial Condition

FTD Companies, Inc. (the “Company”) has revised its reportable segments effective January 1, 2018. The Company’s financial results will now be presented as three reportable segments: U.S. Consumer, Florist, and International. The change in segments is as a result of a change in the information provided to and utilized by the Company’s Chief Executive Officer (who is also the Company’s Chief Operating Decision Maker) to assess the performance of the business. The Company combined the previous Provide Commerce and Consumer segments into the U.S. Consumer segment, which is comprised of the FTD.com, ProFlowers, Gourmet Foods, and Personal Creations businesses.

This realignment has no impact on the Company’s historical consolidated balance sheet, statement of operations, or cash flows. Exhibit 99.1 includes selected supplemental financial information related to the Company’s previously issued historical financial information for the years ended December 31, 2017, 2016, and 2015 and the quarterly periods within the years ended December 31, 2017 and 2016 as revised consistent with the reorganization of the Company’s reportable segments. This information should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

The information in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01    Financial Statements and Exhibits.
(d)    Exhibits
Exhibit
Description
Supplemental Financial Information Related to Changes in Reportable Segments






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.
 
FTD COMPANIES, INC.
Dated:
May 8, 2018
By:
/s/ Steven D. Barnhart
 
 
Name:
Steven D. Barnhart
 
 
Title:
Executive Vice President, Chief Financial Officer