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): March 31, 2014
BRIGHT HORIZONS FAMILY SOLUTIONS INC.
(Exact name of Registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) |
001-35780 (Commission File Number) |
80-0188269 (I.R.S. Employer Identification Number) | ||
200 Talcott Avenue South Watertown, MA (Address of principal executive offices) |
02472 (Zip Code) |
Registrants telephone number, including area code: (617) 673-8000
Not Applicable
(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 (see General Instruction A.2. below):
¨ | 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 7.01 | Other Information. |
On April 1, 2014, the Company issued a press release announcing approval of a $225 million repurchase program of its common stock. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 8.01 | Other Events. |
Annual Meeting and Record Date Set
The Board of Directors of Bright Horizons Family Solutions Inc. (the Company) has approved May 12, 2014 as the date for the Companys 2014 annual meeting of shareholders (the Annual Meeting). The Board of Directors also approved the record date for stockholders entitled to notice of and to vote at the Annual Meeting, which is fixed as the close of business on April 9, 2014.
Item 9.01 | Financial Statements an Exhibits |
Exhibit no |
Description | |
99.1 | Press release issued April 1, 2014. |
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.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. | ||
By: |
/s/ Elizabeth J. Boland | |
Elizabeth J. Boland Chief Financial Officer |
Date: April 1, 2014
Exhibit 99.1
Bright Horizons Family Solutions Announces New $225 million Stock Repurchase Program
WATERTOWN, MA., April 1, 2014 Bright Horizons Family Solutions Inc. (NYSE:BFAM) announced today that its Board of Directors has authorized a stock repurchase program of up to $225 million of the companys outstanding common stock. The stock repurchase program has no expiration date.
The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Companys stock, general market and economic conditions, applicable legal requirements, and compliance with the terms of the Companys senior secured credit facility.
About Bright Horizons Family Solutions Inc.
Bright Horizons Family Solutions® is a leading provider of high-quality child care, early education and other services designed to help employers and families better address the challenges of work and life. The Company provides center-based full service child care, back-up dependent care and educational advisory services to more than 900 clients across the United States, the United Kingdom, Ireland, the Netherlands, Canada and India, including more than 130 FORTUNE 500 companies and 80 of Working Mother magazines 2013 100 Best Companies for Working Mothers. Bright Horizons is headquartered in Watertown, MA.
Forward-Looking Statements
This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, forward-looking statements. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms believes, expects, may, will, should, seeks, projects, approximately, intends, plans, estimates or anticipates, or, in each case, their negatives or other variations or comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, including risks and uncertainties relating to complete the repurchases authorized by the program on favourable terms, if at all.
Contacts:
Investors:
Elizabeth Boland
CFO Bright Horizons
eboland@brighthorizons.com
617-673-8125
Media:
Ilene Serpa
VP Communications Bright Horizons
iserpa@brighthorizons.com
617-673-8044