0001193125-20-093293.txt : 20200401 0001193125-20-093293.hdr.sgml : 20200401 20200401060714 ACCESSION NUMBER: 0001193125-20-093293 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20200331 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIGHT HORIZONS FAMILY SOLUTIONS INC. CENTRAL INDEX KEY: 0001437578 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CHILD DAY CARE SERVICES [8351] IRS NUMBER: 800188269 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35780 FILM NUMBER: 20763642 BUSINESS ADDRESS: STREET 1: 200 TALCOTT AVENUE CITY: WATERTOWN STATE: MA ZIP: 02472 BUSINESS PHONE: 617-673-8000 MAIL ADDRESS: STREET 1: 200 TALCOTT AVENUE CITY: WATERTOWN STATE: MA ZIP: 02472 FORMER COMPANY: FORMER CONFORMED NAME: BRIGHT HORIZONS SOLUTIONS CORP DATE OF NAME CHANGE: 20080612 8-K 1 d911320d8k.htm 8-K 8-K
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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 (Date of earliest event reported): March 31, 2020

 

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

(Exact name of Registrant as specified in its charter)

 

Delaware

 

001-35780

 

80-0188269

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

200 Talcott Avenue

 

Watertown, Massachusetts

 

02472

(Address of principal executive offices)

 

(Zip code)

Registrant’s telephone number, including area code: (617) 673-8000

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 (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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

symbol(s)

 

Name of each exchange

on which registered

Common Stock, $0.001 par value per share

 

BFAM

 

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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR§240.12b-2).

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e)    On March 31, 2020, Bright Horizons Family Solutions Inc. (the “Company” or “Bright Horizons”) announced voluntary temporary reductions in the salaries of its named executive officers in connection with the Company’s response to the impact of COVID-19. Stephen H. Kramer, Chief Executive Officer and President, has elected to forgo his salary until the earlier of December 31, 2020 or such time as a majority of Bright Horizons centers closed as a result of COVID-19 reopen. The Company’s other named executive officers have elected to reduce their salaries by 25% until the earlier of December 31, 2020 or such time as a majority of Bright Horizons centers closed as a result of COVID-19 reopen. In addition, the Chair of the Board, David H. Lissy, has elected to forgo his annual cash retainer and other members of the Board also have agreed to forgo their annual cash retainers, each until the earlier of December 31, 2020 or such time as a majority of Bright Horizons centers closed as a result of COVID-19 reopen.

Forward-Looking Statements

This report includes statements that express the Company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The Company’s actual results and actual events may vary significantly from the results or events anticipated in these forward-looking statements, which can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “may,” “will,” “should,” “seeks,” “projects,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They include statements regarding the Company’s current intentions, beliefs or expectations concerning, among other things, executive and board compensation and related timing, and the effects of the outbreak of COVID-19 on our business. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include the unpredictable nature of the COVID-19 virus and its global and economic impact, as well as its impact on us, changes in government regulations and mandates, changes in the global economy, including as a result of the pandemic, and other risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K filed February 27, 2020, and other filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date and time of this release and we do not undertake to publicly update or revise them, whether as a result of new information, future events or otherwise, except as required by law.


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 thereunto duly authorized.

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

 

 

 

                 

Date:

 

April 1, 2020

 

 

By:

 

/s/ Elizabeth J. Boland

 

 

 

 

Elizabeth J. Boland

 

 

 

 

Chief Financial Officer

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Document and Entity Information
Mar. 31, 2020
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001437578
Document Type 8-K
Document Period End Date Mar. 31, 2020
Entity Registrant Name BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Entity Incorporation State Country Code DE
Entity File Number 001-35780
Entity Tax Identification Number 80-0188269
Entity Address, Address Line One 200 Talcott Avenue
Entity Address, City or Town Watertown
Entity Address, State or Province MA
Entity Address, Postal Zip Code 02472
City Area Code (617)
Local Phone Number 673-8000
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.001 par value per share
Trading Symbol BFAM
Security Exchange Name NYSE
Entity Emerging Growth Company false

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