Current Report Filing (8-k)
30 November 2015 - 11:29PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
|
CURRENT REPORT |
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|
|
November 30, 2015 Date of report (Date of earliest event reported) |
|
|
LifeLock, Inc. (Exact Name of Registrant as Specified in Charter)
|
|
| | | | |
Delaware | | 001-35671 | | 56-2508977 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
|
|
60 East Rio Salado Parkway, Suite 400 Tempe, Arizona 85281 (Address of principal executive offices and zip code)
(480) 682-5100 (Registrant’s telephone number, including area code)
|
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 (see General Instruction A.2. below):
|
| |
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)) |
| |
Item 7.01. Regulation FD Disclosure
On November 30, 2015, LifeLock, Inc. (the “Company”) issued a press release reporting that its Board of Directors approved a share repurchase program which authorizes the Company to purchase up to $100 million of its common stock. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Current Report on Form 8-K (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the Report that is required to be disclosed solely by Regulation FD.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
|
| | |
Exhibit No. | | Description |
99.1 | | Press Release Dated November 30, 2015 |
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.
|
| | | |
| | LIFELOCK, INC. |
Date: | November 30, 2015 | By: | /s/ Nicholas W. Robbins |
| | | Nicholas W. Robbins |
| | | Interim Chief Legal Officer and Secretary |
EXHIBIT INDEX
|
| | |
Exhibit No. | | Description |
99.1 | | Press Release Dated November 30, 2015 |
News Release
LifeLock Announces $100 Million Share Repurchase Program
TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 30, 2015-- LifeLock, Inc. (NYSE: LOCK), an industry leader in identity theft protection, today announced that its Board of Directors has approved the repurchase of up to $100 million of the company’s common stock, representing approximately 7% of the company’s outstanding common shares based on current trading prices. The repurchase program has no expiration date but is intended to be completed by year end 2016.
"This share repurchase program reflects the Board’s confidence in the ongoing strength of LifeLock’s business and its deep commitment to enhancing value for shareholders through both the return of capital and investing to build on our strong record of growth," said Roy A. Guthrie, Lead Independent Director.
Repurchases under the program may be made through open market or privately negotiated transactions at times and in such amounts as determined by LifeLock’s management, subject to market conditions and in accordance with the requirements of the Securities and Exchange Commission. The program does not obligate LifeLock to repurchase any particular amount of the company’s common stock, and may be suspended or discontinued at any time without notice. LifeLock had 95,515,268 shares outstanding as of October 30, 2015.
About LifeLock
LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive identity theft protection services for consumers and consumer risk management services for enterprises. LifeLock’s threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring. As part of its commitment to help fight identity theft, LifeLock works to train law enforcement and partners with a variety of non-profit organizations to help consumers establish positive habits to combat this threat.
Forward-Looking Statements
This press release contains "forward-looking" statements, as that term is defined under the federal securities laws, including statements regarding the share repurchase program, potential investments for future growth and LifeLock’s strategies for enhancing shareholder value. These forward-looking statements are based on our current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement.
The risks and uncertainties referred to above include, but are not limited to, risks associated with our ability to maintain profitability; variability in our cash flows; risks associated with our business, including our ability to protect our customers’ confidential information; our ability to maintain and enhance our brand recognition and reputation; the competitive nature of the industries in which we conduct our business; our ability to retain our existing customers and attract new customers; our ability to improve our services and develop and introduce new services with broad appeal; and our ability to maintain existing and secure new relationships with strategic partners; the outcome of the FTC litigation; and other "Risk Factors" set forth in our most recent SEC filings with the Securities and Exchange Commission, or the SEC.
Further information on these and other factors that could affect our financial results and the forward-looking statements in this press release is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2014, particularly under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and our Forms 10-Q. Copies of these documents are available on our Investor Relations website at http:// investor.lifelock.com/ or the SEC’s website at www.sec.gov.
We assume no obligation and do not intend to update these forward-looking statements, except as required by law.
For LifeLock
Media Contact:
Kelley Bonsall, 480-457-2170
Media@lifelock.com
or
Investor Relations Contact:
Jamison Manwaring, 480-457-5168
VP, Investor Relations
jamison.manwaring@lifelock.com
Lifelock, Inc. (delisted) (NYSE:LOCK)
Historical Stock Chart
Von Jul 2024 bis Jul 2024
Lifelock, Inc. (delisted) (NYSE:LOCK)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
