-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JFwdCor438sRJZDMAW6l6wkClNaCfpj96JNwKk/1dDRukTO2dTyFYUGpRnJFdTAd ddpTesvYSu2ZF7IsbFaW+A== 0000891092-98-000071.txt : 19980305 0000891092-98-000071.hdr.sgml : 19980305 ACCESSION NUMBER: 0000891092-98-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980224 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980304 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OMNICOM GROUP INC CENTRAL INDEX KEY: 0000029989 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 131514814 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10551 FILM NUMBER: 98556961 BUSINESS ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124153700 MAIL ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH GROUP INC DATE OF NAME CHANGE: 19861117 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH INTERNATIONAL INC DATE OF NAME CHANGE: 19850604 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH INC DATE OF NAME CHANGE: 19781226 8-K 1 FORM 8-K 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): February 19, 1998 Omnicom Group Inc. (Exact name of registrant as specified in its charter) New York (State or other jurisdiction of incorporation) 1-10551 13-1514814 (Commissioner File Number) (IRS Employer Identification Number) 437 Madison Avenue New York, New York 10022 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 415-3600 Item 5. Other Events On February 19, 1998, Omnicom Group Inc. issued the press release attached hereto as Exhibit 99 and incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. The following exhibits accompany this Report: Exhibit Number Exhibit Description -------------- ------------------- 99 Omnicom Group Inc. press release dated February 19, 1998 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. OMNICOM GROUP INC. Date: March 4, 1998 By: /s/ Barry J. Wagner -------------------- Barry J. Wagner Secretary and General Counsel -2- EX-99 2 PRESS RELEASE Omnicomnews Contact: Fred Meyer 212-415-3631 FOR IMMEDIATE RELEASE NEW YORK, FEBRUARY 19, 1998 - Omnicom Group Inc. (OMC-NYSE) today announced that net income for the year increased 26% to $222.4 million in 1997 from $176.3 million in 1996. Diluted earnings per share increased 22% to $1.37 per share in 1997 from $1.12 per share in 1996. It is the eleventh consecutive year since its formation that Omnicom has reported record earnings. Worldwide revenues from commission and fee income increased 18% to $3,124.8 million in 1997 from $2,641.7 million in 1996. Domestic revenues increased 17% to $1,616.8 million in 1997 from $1,384.4 million in 1996. International revenues increased 20% to $1,508.0 million in 1997 from $1,257.3 million in 1996. Net income in the fourth quarter of 1997 increased 24% to $74.5 million as compared to $60.2 million in the fourth quarter in 1996. Diluted earnings per share for the fourth quarter increased 22% to $0.45 per share in 1997 from $0.37 per share in 1996. Worldwide revenues from commission and fee income increased 19% to $895.1 million in the fourth quarter of 1997 from $751.8 million in the same period in 1996. Domestic revenues increased 16% to $425.9 million in 1997 from $366.6 million in 1996. International revenues increased 22% to $469.2 million in 1997 from $385.2 million in 1996. -3- Omnicom Group Inc. (Unaudited) (in Thousands of Dollars, Except Per Share Data) Percent -------------------------- Increase Three Months Ended December 31 1997 1996 (Decrease) - ------------------------------ ---------- ------------ ---------- Commission and fee income $ 895,056 $ 751,829 19% Operating and interest expenses 774,425 651,874 19% Income before income taxes 120,631 99,955 21% Income taxes 50,294 40,706 24% Income after income taxes 70,337 59,249 19% Equity in affiliates 14,062 9,925 42% Minority interests (9,942) (8,944) 11% Net income $ 74,457 $ 60,230 24% Earnings per share(*) Basic $ 0.47 $ 0.38 24% Diluted $ 0.45 $ 0.37 22% Dividend declared per share (*) $ 0.125 $ 0.10 25% - -------- (*) All per share amounts have been adjusted to reflect a two-for-one stock split in the form of a 100% stock dividend effective December 16, 1997. -4- Omnicom Group Inc. (Unaudited) (in Thousands of Dollars, Except Per Share Data) Percent -------------------------- Increase Year Ended December 31 1997 1996 (Decrease) - ------------------------------ ----------- ------------ ---------- Commission and fee income $ 3,124,813 $ 2,641,667 18% Operating and interest expenses 2,743,568 2,336,436 17% Income before income taxes 381,245 305,231 25% Income taxes 156,484 123,639 27% Income after income taxes 224,761 181,592 24% Equity in affiliates 30,089 20,510 47% Minority interests (32,435) (25,773) 26% Net income $ 222,415 $ 176,329 26% Earnings per share(*) Basic $ 1.40 $ 1.17 20% Diluted $ 1.37 $ 1.12 22% Dividend declared per share (*) $ 0.45 $ 0.375 20% - ---------- (*) All per share amounts have been adjusted to reflect a two-for-one stock split in the form of a 100% stock dividend effective December 16, 1997. -5- -----END PRIVACY-ENHANCED MESSAGE-----