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): | April 11, 2012 |
Arbitron Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-1969 | 52-0278528 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
9705 Patuxent Woods Drive, Columbia, Maryland | 21046 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 410-312-8000 |
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:
[ ] 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 Regulation FD Disclosure.
On April 11, 2012, Arbitron Inc. (the "Company") announced Richard J. Surratt will be leaving the Company. He will remain Chief Financial Officer through May 11, 2012, and will remain an employee of the Company through June 8, 2012. Sean R. Creamer, the Company’s Chief Operating Officer, will serve as interim Chief Financial Officer effective May 11, 2012 until the Company appoints a new Chief Financial Officer
A copy of the press release announcing the departure of the Company’s Chief Financial Officer is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release of Arbitron Inc. dated April 11, 2012
The information in Item 7.01 of this Form 8-K and attached Exhibit shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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.
Arbitron Inc. | ||||
April 11, 2012 | By: |
/s/ Timothy T. Smith
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Name: Timothy T. Smith | ||||
Title: Executive Vice President, Business Development and Strategy, Chief Legal Officer, and Secretary |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release of Arbitron Inc. dated April 11, 2012 |
Press
Information
Investor Contact: Thom Mocarsky
Arbitron Inc.
410-312-8239
thom.mocarsky@arbitron.com
Press Contact: Kim Myers
Arbitron Inc.
410-312-8500
kim.myers@arbitron.com
FOR IMMEDIATE RELEASE
Arbitron Inc. Announces the Departure of Richard J. Surratt, Chief Financial Officer,
Effective May 11, 2012
Sean Creamer, Executive Vice President, Chief Operating Officer
to assume responsibilities as interim Chief Financial Officer
COLUMBIA, MD; April 11, 2012 Arbitron Inc. (NYSE: ARB) announced today that Richard J. Surratt will be leaving the company for personal reasons.
Mr. Surratt will continue as Chief Financial Officer through May 11, 2012 and will remain as an employee of the company through June 8, 2012.
Sean R. Creamer, in addition to his current responsibilities as executive vice president, Chief Operating Officer, will take on the role of interim Chief Financial Officer upon Mr. Surratts resignation.
Arbitron has engaged the firm of Crist|Kolder Associates to conduct the search for a new chief financial officer.
I want to thank Richard for his contributions to Arbitron and wish him well, said Bill Kerr, President and Chief Executive Officer, Arbitron Inc.
Sean Creamer was executive vice president, Chief Financial Officer of Arbitron from November 2005 through February 2011. He was named executive vice president, Chief Operating Officer in August 2011.
About Arbitron
Arbitron Inc. (NYSE: ARB) is an international media and marketing research firm serving the
mediaradio, television, cable and out-of-home; the mobile industry as well as advertising agencies
and advertisers around the world. Arbitrons businesses include: measuring network and local market
radio audiences across the United States; surveying the retail, media and product patterns of U.S.
consumers; providing mobile audience measurement and analytics in the United States, Europe, Asia
and Australia, and developing application software used for analyzing media audience and marketing
information data. The Company has developed the Portable People Meter (PPMTM) and the
PPM 360, new technologies for media and marketing research.
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Portable People Meter, PPM and PPM 360 are marks of Arbitron Inc.
Statements in this release that are not strictly historical, including the statements regarding expectations for 2012 and any other statements regarding events or developments that we believe or anticipate will or may occur in the future, may be forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These factors include, among other things, the current global economic recession and the upheaval in the credit markets and financial services industry, competition, our ability to develop and successfully market new products and technologies, our ability to successfully commercialize our Portable People Meter service, the growth rates and cyclicality of markets we serve, our ability to expand our business in new markets, our ability to successfully identify, consummate and integrate appropriate acquisitions, the impact of increased costs of data collection including a trend toward increasing incidence of cell phone-only households, litigation and other contingent liabilities including intellectual property matters, our compliance with applicable laws and regulations and changes in applicable laws and regulations, our ability to achieve projected efficiencies, cost reductions, sales growth and earnings, and international economic, political, legal and business factors. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2011 Annual Report on Form 10-K. These forward-looking statements speak only as of the date of this release and the Company does not assume any obligation to update any forward-looking statement