-----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, DSNxqeI37bq64JCCW1eyaMGMPn31RNQEnmFrzzBOTVafn1osFn/xVClP+g1K7MKd fbi9tEzNKYy2CQ4mSwURlg== 0001157523-08-002614.txt : 20080331 0001157523-08-002614.hdr.sgml : 20080331 20080331125809 ACCESSION NUMBER: 0001157523-08-002614 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080331 DATE AS OF CHANGE: 20080331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASH AMERICA INTERNATIONAL INC CENTRAL INDEX KEY: 0000807884 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 752018239 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09733 FILM NUMBER: 08722920 BUSINESS ADDRESS: STREET 1: 1600 W 7TH ST CITY: FT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173351100 MAIL ADDRESS: STREET 1: 1600 WEST 7TH STREET CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: CASH AMERICA INVESTMENTS INC /TX/ DATE OF NAME CHANGE: 19920520 8-K 1 a5645941.htm CASH AMERICA INTERNATIONAL, INC. 8-K

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, 2008


CASH AMERICA INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)

Texas

1-9733

75-2018239

(State of incorporation)

(Commission File No.)

(IRS Employer Identification No.)

1600 West 7th Street
Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:  (817) 335-1100

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))



ITEM 7.01     REGULATION FD DISCLOSURE

On March 31, 2008, Cash America International, Inc. (the “Company”) issued a press release regarding potential changes in its Florida product offering. A copy of the Company’s news release is furnished as Exhibit 99.1 to this report on Form 8-K.

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS

 

(c)   Exhibits – The following exhibit is furnished pursuant to the disclosures included under Item 7.01 of this report on Form 8-K.

 

99.1  Copy of news release dated March 31, 2008, issued by Cash America International, Inc.


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.

 

CASH AMERICA INTERNATIONAL, INC.

 

 

Date:

March 31, 2008

By:

/s/ J. Curtis Linscott

J. Curtis Linscott

Executive Vice President, General Counsel &

Secretary


EXHIBIT INDEX

Exhibit No.

Description

 
99.1

News release dated March 31, 2008, issued by Cash America International, Inc.

EX-99.1 2 a5645941-ex991.htm EXHIBIT 99.1

Exhibit 99.1

Cash America Reviews Potential Changes in Florida Product Offering

FORT WORTH, Texas--(BUSINESS WIRE)--Cash America International, Inc. (NYSE: CSH) announced today that it learned last week that a recommended order was issued through a Florida administrative proceeding involving the Florida Office of Financial Regulation and a competitor of the Company. The competitor acts as a Credit Services Organization in Florida to arrange short-term cash advances for Florida customers with an independent third-party lender. The Company offers a CSO product in Florida that has similar characteristics to the competitor’s Florida CSO product. Although the recommendations in the order are not final and the Company is not a party to the administrative proceeding, the recommendations could lead to a change in the Florida CSO product currently being offered by the Company. In this regard, the Company has reviewed the potential implications of changing its own Florida CSO product to an alternative cash advance product. Based on this review, if the Company were to move to an alternative cash advance product in Florida, it does not anticipate a change in its current financial guidance for earnings per share for the full year of 2008, as published on January 24, 2008.

For purposes of modeling the potential effects of such a change, the Company assumed that it moved to an alternative cash advance product in Florida at the beginning of its second fiscal quarter, April 1, 2008, even though such a change will not occur as early as April 1. While a change would reduce the amount of revenue and earnings related to this portion of its cash advance portfolio, management’s outlook for higher revenue and profitability going forward, based on the growth and performance in earning assets during the first quarter of 2008, overcome the projected economic impact of such a change in future quarters. The Company believes that its pawn lending and merchandise disposition activities in Florida will not change if the Company were to move to an alternative cash advance product in Florida.

The Company is unable to comment on the issues related to the administrative action until the parties directly involved complete their allowed courses of action. It is anticipated that more details will become available and that the Company may be in a position to provide more information on this topic during its regularly scheduled conference call to discuss the financial results for its first quarter ended March 31, 2008 on Thursday morning April 24 at 7:45 AM CST. The Company recently announced that its first quarter financial results were expected to exceed its previously published expectations for earnings per share due to higher revenues and lower loan loss expenses.

Cash America International, Inc. is a provider of specialty financial services to individuals in the United States with 942 total locations as of December 31, 2007. Cash America is the largest provider of secured non-recourse loans to individuals, commonly referred to as pawn loans, through 499 locations in 23 states under the brand names Cash America Pawn and SuperPawn. The Company also offers short-term cash advances in many of its locations including 304 locations that offer this service under the brand names Cash America Payday Advance and Cashland. Short-term cash advances are also offered over the Internet to customers in 32 states in the United States and the United Kingdom at http://www.cashnetusa.com and http://www.quickquid.co.uk, respectively. In addition, check cashing services are provided through its 139 franchised and Company-owned “Mr. Payroll” check cashing centers.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

http://www.cashamerica.com

http://www.cashlandloans.com

http://www.cashnetusa.com

http://www.quickquid.co.uk

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition and prospects of Cash America International, Inc. and its subsidiaries (the “Company”). The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation, changes in demand for the Company's services, the continued acceptance of the online distribution channel by the Company’s cash advance customers, the actions of third parties who offer products and services at the Company’s locations, changes in tax and other laws and governmental rules and regulations applicable to the Company’s business, fluctuations in the price of gold, changes in competition, the ability of the Company to open new operating units in accordance with its plans, economic conditions, real estate market fluctuations, interest rate fluctuations, changes in foreign currency exchange rates, changes in the capital markets, changes in tax and other laws and governmental rules and regulations applicable to the Company's businesses, the ability to successfully integrate newly acquired businesses into the Company’s operations and other risks indicated in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties are beyond Company’s control, and the Company cannot predict all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “plans,” “expects,” “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

CONTACT:
Cash America International
Thomas A. Bessant, Jr., 817-335-1100

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