0001564590-14-005933.txt : 20141125 0001564590-14-005933.hdr.sgml : 20141125 20141125083045 ACCESSION NUMBER: 0001564590-14-005933 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20141125 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141125 DATE AS OF CHANGE: 20141125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTRAVISION COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001109116 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 954783236 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15997 FILM NUMBER: 141247836 BUSINESS ADDRESS: STREET 1: 2425 OLYMPIC BLVD STREET 2: STE 6000 WEST CITY: SANTA MONICA STATE: CA ZIP: 90404 BUSINESS PHONE: 3104473870 MAIL ADDRESS: STREET 1: 2425 OLYMPIC BLVD STREET 2: STE 6000 WEST CITY: SANTA MONICA STATE: CA ZIP: 90404 8-K 1 evc-8k_20141125.htm 8-K

 

 

 

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):  November 25, 2014

ENTRAVISION COMMUNICATIONS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-15997

95-4783236

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

2425 Olympic Boulevard, Suite 6000 West

Santa Monica, California 90404

(Address of principal executive offices) (Zip Code)

(310) 447-3870

(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 (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 8.01   Other Events

 

On November 25, 2014, Entravision Communications Corporation (the “Company”) announced that the Company’s Board of Directors (the “Board”) has approved the extension of the Company’s share repurchase program announced in August 2014 with a repurchase authorization of up to an additional $10 million of the Company’s outstanding common stock, for a total repurchase authorization of up to $20 million.  Under the share repurchase program, the Company is authorized to purchase shares from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors.  The stock repurchase program may be suspended or discontinued at any time without prior notice.  A copy of the press release issued by the Company on November 25, 2014 in connection therewith is filed as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits

(d) Exhibits

99.1

Press release issued by Entravision Communications Corporation on November 25, 2014.

- 2 -

 

 


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.

 

 

ENTRAVISION COMMUNICATIONS
CORPORATION

Date:  November 25, 2014

 

By:

/s/ Walter F. Ulloa

 

 

 

Walter F. Ulloa

 

 

 

Chairman and Chief Executive
Officer

 

- 3 -

 

 


EXHIBIT INDEX

 

Exhibit 

Number

 

Description of Exhibit

99.1

 

Press release issued by Entravision Communications Corporation on November 25, 2014.

 

 

- 4 -

 

 

EX-99.1 2 evc-ex991_201411256.htm EX-99.1

 

 

 

 

ENTRAVISION COMMUNICATIONS CORPORATION ANNOUNCES EXTENSION OF SHARE REPURCHASE PROGRAM WITH ADDITIONAL $10 MILLION AUTHORIZATION

 

SANTA MONICA, CALIFORNIA November 25, 2014 – Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, announced today that the Company’s Board of Directors has approved the extension of its share repurchase program announced in August 2014 with a repurchase authorization of up to an additional $10 million of the Company’s common stock, for a total repurchase authorization of up to $20 million.  Under the share repurchase program, the Company is authorized to purchase shares from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors.  Since adopting this share repurchase program, as of November 21, 2014 the Company has repurchased approximately 2.0 million shares of Class A common stock for an aggregate of approximately $9.1 million.

 

“We are pleased to announce the extension of our repurchase program, which brings the total authorization under this program to $20 million,” said Walter F. Ulloa, Chairman and Chief Executive Officer. “We are committed to returning value to our shareholders through our dividend and repurchase programs and remain well positioned to execute on our strategic plan and drive long-term value creation.”

 

About Entravision Communications Corporation

 

Entravision Communications Corporation is a diversified media company serving Latino audiences and communities with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America. Entravision has 58 primary television stations, including in 20 of the nation’s top 50 Latino markets, and is the largest affiliate group of both the top-ranked Univision television network and Univision’s UniMás network. Entravision also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations, and Entravision Solutions, a national sales representation and marketing organization specializing in Spanish-language media platforms and radio networks. Entravision also offers a variety of digital media platforms and services, including digital content, digital advertising platforms, including the #1-ranked online advertising platform in Hispanic reach, according to comScore Media Metrix®, and data analytics solutions designed to maximize the opportunity for advertisers and marketers to connect with the growing Latino consumer market. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

 

Forward Looking Statements

 

This press release contains forward-looking statements including, without limitation, statements regarding the value of shares that may be repurchased through our stock repurchase program. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) fluctuations and volatility in our stock price, (ii) the impact of macroeconomic conditions, (iii) changes in our financial condition, (iv) changes in business opportunities and priorities that could cause us to consider alternative uses of cash, and (v) fluctuations in the level of cash held by the company that is available for stock repurchases. These forward-looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. Entravision


Communications Corporation assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

 

 

# # #

For more information, please contact:

 

Christopher T. Young

  

Mike Smargiassi/Jenny Perales

Chief Financial Officer

  

Brainerd Communicators, Inc.

Entravision Communications Corporation

  

212-986-6667

310-447-3870

  

 

 

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