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 17, 2017
TEGNA INC.
(Exact name of Registrant as Specified in its Charter)
Delaware | 1-6961 | 16-0442930 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
7950 Jones Branch Drive McLean, Virginia |
22107-0150 | |
(Address of Principal Executive Offices) | (Zip Code) |
(703) 873-6600
Registrants telephone number, including area code
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:
☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 7.01 | Regulation FD Disclosure |
TEGNA Inc. (TEGNA or the Company) will present an overview of the Company and information related to the previously announced proposed spin-off (the Spin-Off) of Cars.com Inc. (Cars.com) during an investor and analyst presentation being held on May 17, 2017 at 10:00 a.m. A copy of the presentation slide deck is attached hereto as Exhibit 99.1.
The presentation included 2016 revenue on a pro forma basis. The pro forma basis represented 2016 TEGNA reported GAAP revenues excluding Cars.com revenues. This non-GAAP information was included, as the Spin-Off is expected to be completed on May 31, 2017, and therefore, provides useful information to investors and other stakeholders allowing them to see what 2016 revenues would have been for TEGNAs ongoing businesses. The below table reconciles TEGNAs GAAP 2016 revenues to its 2016 revenue on a pro forma basis (in billions of dollars):
Year ended December 31, 2016 |
||||
Operating Revenues - GAAP basis |
$ | 3.3 | ||
Cars.com 2016 Operating Revenues |
0.6 | |||
|
|
|||
Operating Revenues - Pro forma basis |
$ | 2.7 | ||
|
|
The information contained in this Current Report on Form 8-K (including Exhibit 99.1) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed filed with the U.S. Securities and Exchange Commission (SEC) for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of general incorporation language in such filing, unless expressly incorporated by reference in such filing.
The furnishing of the information in this Item 7.01 is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information in this Item 7.01 or the exhibit hereto is material information that is not otherwise publicly available.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit |
Description | |
99.1 | TEGNA Inc. Investor Presentation, dated May 17, 2017. |
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.
TEGNA INC. | ||
By: | /s/ Akin S. Harrison | |
Akin S. Harrison | ||
Vice President, Associate General Counsel and Secretary |
Date: May 17, 2017
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | TEGNA Inc. Investor Presentation, dated May 17, 2017. |