Virginia
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001-09148
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54-1317776
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01
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Regulation FD Disclosure
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits
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99.1
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Press Release, dated December 2, 2014, issued by The Brink’s Company
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THE BRINK’S COMPANY
(Registrant)
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Date: December 2, 2014
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By:
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/s/ Joseph W. Dziedzic |
Joseph W. Dziedzic
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Executive Vice President and Chief Financial Officer
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EXHIBIT
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DESCRIPTION
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99.1
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Press Release, dated December 2, 2014, issued by The Brink’s Company
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The Brink’s Company
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1801 Bayberry Court
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P.O. Box 18100
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Richmond, VA 23226-8100 USA
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PRESS RELEASE
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Tel. 804.289.9600
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Fax 804.289.9770
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Contact:
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FOR IMMEDIATE RELEASE
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Investor Relations
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804.289.9709
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·
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Four geographic segments replaced with two operating segments:
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-
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Five Largest Markets: U.S., France, Mexico, Brazil, Canada; approximately 60% of revenue
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Global Operations: 37 countries; approximately 40% of revenue
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As part of the consolidation of operating segments, most of the senior roles and structures within the four former geographic segments will be eliminated.
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Cost savings of $10 million to $15 million expected in 2015
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Country-based support functions (IT, HR, finance, legal, procurement, security and project management) will be centralized, reporting to global functional leaders.
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·
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Leadership changes:
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Mike Beech, executive vice president and president, strategy and focus markets, will assume operating responsibility for the five largest markets. Beech has been president of Brink’s EMEA since 2011.
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Amit Zukerman, executive vice president and president, global operations, will assume responsibility for all other country operations. Zukerman has been president of Brink’s Global Services (BGS) since 2008, and has been responsible for Asia-Pacific operations since 2012. He continues to be responsible for BGS operations in all countries.
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-
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Joe Dziedzic, executive vice president and chief financial officer, will assume additional responsibility for the company’s Global Payments business. Dziedzic continues to be responsible for global procurement and security functions.
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·
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continuing market volatility and commodity price fluctuations and their impact on the demand for our services;
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·
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our ability to continue profit growth in Latin America;
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·
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our ability to maintain or improve volumes at favorable pricing levels and increase cost and productivity efficiencies, particularly in the United States and Mexico;
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investments in information technology and value-added services and their impact on revenue and profit growth;
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our ability to develop and implement solutions for our customers and gain market acceptance of those solutions;
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·
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our ability to maintain an effective IT infrastructure and safeguard confidential information;
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·
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risks customarily associated with operating in foreign countries including changing labor and economic conditions, currency devaluations, safety and security issues, political instability, restrictions on repatriation of earnings and capital, nationalization, expropriation and other forms of restrictive government actions;
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·
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the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates;
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·
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the stability of the Venezuelan economy, changes in Venezuelan policy regarding foreign-owned businesses;
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·
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changes in currency restrictions and in foreign exchange rates, including fluctuations in value of the Venezuelan bolivar;
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·
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regulatory and labor issues in many of our global operations, including negotiations with organized labor and the possibility of work stoppages;
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·
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our ability to identify and execute further cost and operational improvements and efficiencies in our core businesses;
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our ability to integrate successfully recently acquired companies and improve their operating profit margins;
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costs related to dispositions and market exits;
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·
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our ability to identify evaluate and pursue acquisitions and other strategic opportunities including those in the home security industry and emerging markets;
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·
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the willingness of our customers to absorb fuel surcharges and other future price increases;
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our ability to obtain necessary information technology and other services at favorable pricing levels from third party service providers;
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·
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variations in costs or expenses and performance delays of any public or private sector supplier, service provider or customer;
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our ability to obtain appropriate insurance coverage, positions taken by insurers with respect to claims made and the financial condition of insurers, safety and security performance, our loss experience, and changes in insurance costs;
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security threats worldwide and losses of customer valuables;
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costs associated with the purchase and implementation of cash processing and security equipment;
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employee and environmental liabilities in connection with our former coal operations, black lung claims incidence;
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the impact of the Patient Protection and Affordable Care Act on black lung liability and the Company's ongoing operations;
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·
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changes to estimated liabilities and assets in actuarial assumptions due to payments made, investment returns, interest rates and annual actuarial revaluations, the funding requirements, accounting treatment, investment performance and costs and expenses of our pension plans, the VEBA and other employee benefits, mandatory or voluntary pension plan contributions;
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·
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the nature of our hedging relationships;
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changes in estimates and assumptions underlying our critical accounting policies;
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·
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our ability to realize deferred tax assets;
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·
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the outcome of pending and future claims, litigation, and administrative proceedings;
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·
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public perception of the Company’s business and reputation;
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·
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access to the capital and credit markets;
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·
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seasonality, pricing and other competitive industry factors; and
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·
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the promulgation and adoption of new accounting standards and interpretations, new government regulations and interpretation of existing regulations.
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