0001393883-16-000084.txt : 20161109 0001393883-16-000084.hdr.sgml : 20161109 20161108175048 ACCESSION NUMBER: 0001393883-16-000084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161108 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161109 DATE AS OF CHANGE: 20161108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DHI GROUP, INC. CENTRAL INDEX KEY: 0001393883 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 203179218 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33584 FILM NUMBER: 161982284 BUSINESS ADDRESS: STREET 1: 1040 AVENUE OF THE AMERICAS, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 212-725-6550 MAIL ADDRESS: STREET 1: 1040 AVENUE OF THE AMERICAS, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: DICE HOLDINGS, INC. DATE OF NAME CHANGE: 20070321 8-K 1 a8-kq32016postearnings.htm FORM 8-K Document



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 8, 2016
  DHI Group, Inc.
(Exact name of registrant as specified in its charter)


Delaware
001-33584
20-3179218
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
1040 Avenue of the Americas, 8th Floor
New York, NY 10018
(Address of principal executive offices, including zip code)
 
(212) 725-6550
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, 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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 November 1, 2016, DHI Group, Inc. (the “Company”) filed a Current Report on Form 8-K with a press release announcing its earnings for the three and nine months ended September 30, 2016. The Company is filing this Current Report on Form 8-K to provide additional clarity, including reconciliations of non-GAAP guidance items to GAAP equivalent measures, and, where noted in the attached Exhibit 99.1, to correct a mathematical error in the computation of income taxes in the non-GAAP presentation of full year guidance in the Business Outlook table of the press release. The fourth quarter guidance in the Business Outlook table is unchanged.

The corrected full year guidance and the reconciliations are presented in Exhibit 99.1 attached hereto.

The information set forth in this Item 7.01 of this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.
(d)                             Exhibits.
 
Exhibit No.
Description
 
 
 
 
 
 
99.1 
Business Outlook and Non-GAAP Supplemental Data
 
 





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.
 
 
 
 
 
 
 
DHI Group, Inc.
 
 
 
 
 
 
 
 
 
By: /s/ Brian P. Campbell
 
 
 
 
Name: Brian P. Campbell
 
 
 
 
Title: Vice President, Business and Legal Affairs
 
 
 
 
          and General Counsel
 
 
Dated:
November 8, 2016
 
 
 







EXHIBIT INDEX
 
Exhibit No.
Description
 
 
 
 
 
 
99.1 
Business Outlook and Non-GAAP Supplemental Data
 
 



EX-99.1 2 a991-postearningsreleaseq3.htm EXHIBIT 99.1 Exhibit
EXHIBIT 99.1

DHI Group, Inc.
Business Outlook and Non-GAAP Supplemental Data
 
Q4 2016 and Full-Year 2016 Business Outlook
($ in millions, except per share)
 
Nine months ended Sept. 30, 2016
 
Q4 2016 Outlook
 
FY 2016 Outlook
 
Slashdot Media and disposition related and other costs
 
FY 2016 Outlook (Excluding, Slashdot Media and disposition related and other costs)
 
Impairment Charge
 
FY 2016 Outlook Excluding Certain Items (1)  
 
Revenues
 
$172.0
 
$54.0 - $55.0
 
$226.0 - $227.0
 
$(0.7)
 
$225.3 - $226.3
 
$0.0
 
$225.3 - $226.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income Tax Rate
 
(43)%
 
36% - 37%
 
NM - NM
 
37%
 
210% - 220%
(2) 
11%
 
36% - 36%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
$(10.9)
 
$4.6 - $4.8
 
$(6.3) - $(6.1)
 
$2.3
 
$(4.0) - $(3.8)
(3) 
$21.8
 
$17.8 - $18.0
(4) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Earnings (Loss) Per Share
 
$(0.22)
 
$0.09 - $0.10
 
$(0.13) - $(0.12)
 
$0.05
 
$(0.08) - $(0.07)
(5) 
$0.44
 
$0.36 - $0.37
(6) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Adjusted EBITDA
 
$43.8
 
$13.4 - $13.8
 
$57.2 - $57.6
 
$1.0
 
$58.2 - $58.6
 
$0.0
 
$58.2 - $58.6
 
(1) Excludes Slashdot Media, disposition related and other costs, and impairment charge
(2) Compares to 150% - 160% for the FY 2016 Business Outlook section of the earnings press release filed on November 1, 2016, on Form 8-K
(3) Compares to $(2.2) - $(2.0) for the FY 2016 Business Outlook section of the earnings press release filed on November 1, 2016, on Form 8-K
(4) Compares to $19.5 - $19.8 for the FY 2016 Business Outlook section of the earnings press release filed on November 1, 2016, on Form 8-K
(5) Compares to $(0.05) - $(0.04) for the FY 2016 Business Outlook section of the earnings press release filed on November 1, 2016, on Form 8-K
(6) Compares to $0.40 - $0.41 for the FY 2016 Business Outlook section of the earnings press release filed on November 1, 2016, on Form 8-K
Reconciliation of Net Income (Loss) to Adjusted EBITDA
($ in millions, except per share)
Nine months ended Sept. 30, 2016
 
Q4 2016 Outlook
 
FY 2016 Outlook
Net income (loss)
$(10.9)
 
$4.6
-
$4.8
 
$(6.3)
-
$(6.1)
     Interest expense
2.6
 
0.7
-
0.8
 
3.3
-
3.4
     Income tax expense
3.3
 
2.8
-
2.7
 
6.1
-
6.0
     Depreciation and amortization of intangible assets
13.7
 
2.9
-
3.0
 
16.6
-
16.7
     Impairment of goodwill
15.4
 
0.0
-
0.0
 
15.4
-
15.4
     Impairment of intangible assets
9.3
 
0.0
-
0.0
 
9.3
-
9.3
     Non-cash stock compensation expense
7.9
 
2.4
-
2.5
 
10.3
-
10.4
     Severance - Slashdot Media
1.0
 
0.0
-
0.0
 
1.0
-
1.0
     Accelerated stock based compensation expense - Slashdot Media
0.9
 
0.0
-
0.0
 
0.9
-
0.9
     Loss on sale of business
0.6
 
0.0
-
0.0
 
0.6
-
0.6
Total Adjusted EBITDA
$43.8
 
$13.4
-
$13.8
 
$57.2
-
$57.6