-----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, L5c8dQKuI6+Pc4zzK2O646haqI2NKMLr6FPjGNINtcW03+/4X7E/3vN/+OX2Qxrj 6giJ9j6FdnbYiymsb0+Paw== 0000008670-10-000016.txt : 20100709 0000008670-10-000016.hdr.sgml : 20100709 20100709085236 ACCESSION NUMBER: 0000008670-10-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100709 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100709 DATE AS OF CHANGE: 20100709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOMATIC DATA PROCESSING INC CENTRAL INDEX KEY: 0000008670 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 221467904 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05397 FILM NUMBER: 10945388 BUSINESS ADDRESS: STREET 1: ONE ADP BOULVARD CITY: ROSELAND STATE: NJ ZIP: 07068 BUSINESS PHONE: 9739747849 MAIL ADDRESS: STREET 1: ONE ADP BOULEVARD CITY: ROSELAND STATE: NJ ZIP: 07068 8-K 1 form8k.htm FORM 8-K form8k.htm
 
 

 


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):  July 9, 2010
 
 
AUTOMATIC DATA PROCESSING, INC.
(Exact name of registrant as specified in its charter)

Delaware
 
1-5397
 
22-1467904
(State or other
jurisdiction of
incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

 
One ADP Boulevard, Roseland, New Jersey
07068
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:  (973) 974-5000
 
N/A
(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:

[  ]           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 8.01.
Other Events.
 
On July 9, 2010 the Registrant issued a press release announcing the Registrant's agreement to acquire Cobalt Holding Company, Inc.  A copy of the Registrant's press release is attached hereto as Exhibit 99 and is hereby incorporated by reference.
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)           Exhibit 99.                      Press release dated July 9, 2010, issued by Automatic Data Processing, Inc.
 


 
 

 

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 hereunto duly authorized.
 
Date: July 9, 2010
 

 
AUTOMATIC DATA PROCESSING, INC.
 
 
 
 
 
By:
/s/ Michael A. Bonarti
   
Name: Michael A. Bonarti
Title:   Vice President

 

 
 

 

 
Exhibit Index
 

Exhibit Number
Description
99
Press release dated July 9, 2010, issued by Automatic Data Processing, Inc.

 

 
 

 

EX-99 3 ex99.htm EXHIBIT 99 ex99.htm
 
 

 

FOR IMMEDIATE RELEASE

ADP TO ACQUIRE COBALT, LEADING PROVIDER OF
DIGITAL MARKETING SOLUTIONS FOR THE AUTOMOTIVE INDUSTRY
 
ROSELAND, New Jersey, July 9, 2010 - Automatic Data Processing, Inc. (Nasdaq: ADP) has entered into a definitive agreement to acquire Cobalt for approximately $400 million, in cash, Gary C. Butler, president and chief executive officer, announced today.  The transaction is subject to normal regulatory review and is expected to close in four to six weeks.
 
 
Commenting on the transaction, Mr. Butler said, “I am pleased to announce this transaction.  Acquisitions that complement our core businesses are a key part of ADP’s five-point strategic growth program and the primary focus of our capital allocation strategy.  Cobalt is the leading provider of digital marketing solutions to automotive manufacturers and dealers in North America.  This transaction aligns with ADP Dealer Services’ global layered applications strategy to increase “share of wallet” beyond its core dealer management system offering.  We believe the timing of this transaction is optimal as online advertising spend is expected to continue to outpace that of traditional channels in the U.S.”
 
 
Cobalt is privately held and headquartered in Seattle, Washington.  ADP expects the transaction to be slightly accretive in the first year, with continued positive earnings contributions anticipated in subsequent years.
 
 
ADP’s capital allocation strategy also includes returning excess cash to shareholders through share repurchases and dividends.  For the fiscal year ended June 30, 2010, ADP repurchased about $18.2 million shares for over $765 million, and additionally paid nearly $675 million in dividends to its shareholders.  Nearly 29 million shares remain available for purchase under the current board of directors authorization.
 
ADP will be hosting an analyst conference call on Monday July 12, 2010 at 4:00 p.m. EDT to discuss the transaction.  Gary Butler, ADP’s president & chief executive officer, Christopher Reidy, ADP’s chief financial officer, Steve Anenen, president of ADP Dealer Services, and John Holt, chairman and chief executive officer of Cobalt will be participating on the call.   A live webcast of the call will be available to the public on a listen-only basis.  To listen to the webcast go to ADP’s home page, www.adp.com, or ADP’s Investor Relations home page, http://www.investquest.com/InvestQuest/a/adp/, and click on the webcast icon.
 
As announced previously, ADP is scheduled to report its financial results for fiscal 2010 on Thursday, July 29, 2010 before the opening of the Nasdaq, followed by a webcast at 8:30 a.m. EDT.  The webcast can be accessed through ADP’s home page, www.adp.com, or ADP’s Investor Relations home page, http://www.investquest.com/InvestQuest/a/adp/.  In addition, the slide presentation will be available to download and print approximately 60 minutes before the webcast at ADP’s Investor Relations home page.  A replay of the webcast will be available for approximately two weeks after the event and can be accessed in the same manner as the live webcast.  ADP’s news releases, current financial information, SEC filings and Investor Relations presentations are accessible at the same Web site.
 
 
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly $9 billion in revenues and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions.  Leveraging 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source.  ADP's easy-to-use, cost-effective solutions for employers provide superior value to companies of all types and sizes.  ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world.   For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's website at www.ADP.com.
 

 
 

 

This document and other written or oral statements made from time to time by ADP may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include: ADP's success in obtaining, retaining and selling additional services to clients; the pricing of products and services; changes in laws regulating payroll taxes, professional employer organizations and employee benefits; overall market and economic conditions, including interest rate and foreign currency trends; competitive conditions; auto sales and related industry changes; employment and wage levels; changes in technology; availability of skilled technical associates and the impact of new acquisitions and divestitures. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. These risks and uncertainties, along with the risk factors discussed under "Item 1A. - Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009, should be considered in evaluating any forward-looking statements contained herein.
 
 
Source:      Automatic Data Processing, Inc.
ADP Investor Relations
Elena Charles, 973.974.4077
Debbie Morris, 973.974.7821
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