0001305168-20-000043.txt : 20201211 0001305168-20-000043.hdr.sgml : 20201211 20201210214718 ACCESSION NUMBER: 0001305168-20-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20201210 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201211 DATE AS OF CHANGE: 20201210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARC DOCUMENT SOLUTIONS, INC. CENTRAL INDEX KEY: 0001305168 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MAILING, REPRODUCTION, COMMERCIAL ART & PHOTOGRAPHY [7330] IRS NUMBER: 201700361 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32407 FILM NUMBER: 201382059 BUSINESS ADDRESS: STREET 1: 12657 ALCOSTA BLVD. STREET 2: SUITE 200 CITY: SAN RAMON STATE: CA ZIP: 94583 BUSINESS PHONE: (925) 949-5126 MAIL ADDRESS: STREET 1: 12657 ALCOSTA BLVD. STREET 2: SUITE 200 CITY: SAN RAMON STATE: CA ZIP: 94583 FORMER COMPANY: FORMER CONFORMED NAME: American Reprographics CO DATE OF NAME CHANGE: 20041005 8-K 1 arc-20201210.htm 8-K arc-20201210
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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: December 10, 2020
(Date of earliest event reported)
ARC Document Solutions, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3240720-1700361
(State or other jurisdiction
of incorporation)
(Commission File Number)(IRS Employer
Identification Number)
12657 Alcosta Blvd, Suite 200  San RamonCA94583
(Address of principal executive offices)(Zip Code)

(925)949-5100
(Registrant's 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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareARCThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company 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 8.01 Other Events.

On December 10, 2020, the Company announced that its Board of Directors authorized a quarterly cash dividend of $0.01 per share payable on February 26, 2021 to shareholders of record as of January 29, 2021. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits

(d) Exhibits
           




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.

Dated: December 10, 2020
ARC DOCUMENT SOLUTIONS, INC.
By:  /s/ Jorge Avalos                    
     Jorge Avalos
     Chief Financial Officer







EX-99.1 2 exhibit99112102020.htm EX-99.1 Document

ARC Announces Recommencement of Dividend Program

With open-market purchases of company shares already underway, ARC’s restart of its dividend program affirms the Company’s commitment to returning shareholder value

SAN RAMON, CA / ACCESSWIRE / December 10, 2020 / ARC Document Solutions, Inc. (NYSE:ARC) announced today that it is recommencing its cash dividend program that was temporarily suspended earlier in the year as a result of the COVID-19 pandemic. As before, the program will operate independently of ARC’s continuing share repurchases in the open market as discussed on ARC’s third quarter conference call on November 4, 2020.

At its most recent meeting, the Company’s Board of Directors authorized a quarterly cash dividend of one cent per share payable on February 26, 2021 to the Company’s shareholders of record as of January 29, 2021.

“We are gratified to re-start our dividend and share repurchase programs after a brief hiatus, and to put the focus back on returning value to our shareholders,” said Suri Suriyakumar, Chairman, President and CEO of ARC. “After a period of significant change within the operations of the company in response to the pandemic, as well as prudent steps taken to test the validity of our financial performance, we are confident in our ability to sustain the programs as we move forward.”

About ARC Document Solutions (NYSE: ARC)
ARC provides a wide variety of document distribution and graphic production services to facilitate communication for professionals in the design, marketing, commercial real estate, construction and related fields. Follow ARC at www.e-arc.com.

Forward-Looking Statements
This press release contains forward-looking statements that are based on current opinions, estimates and assumptions of management regarding future events and the future financial performance of the Company. All statements other than statements of historical fact, including, but not limited to, “confident in our ability to sustain the programs,” and any projections regarding the financial performance of the Company, including the generation of its cash flows, and statements regarding possible future payment of dividends, could be deemed forward-looking statements. We caution you that such statements are only predictions and are subject to certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. In addition to matters affecting the construction, managed print services, document management or reprographics industries, or the economy generally, factors that could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the caption entitled "Risk



Factors" in Item 1A in ARC Document Solution, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Quarterly Reports on Form 10-Q, and other periodic filings and prospectuses. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

SOURCE: ARC Document Solutions


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