- Current report filing (8-K)
December 15 2009 - 9:00AM
Edgar (US Regulatory)
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
December
15, 2009
Date
of Report (Date of earliest event reported)
Pitney
Bowes Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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1-3579
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06-0495050
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(State or other jurisdiction of
incorporation or organization)
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(Commission file number)
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(I.R.S. Employer
Identification No.)
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World Headquarters
1 Elmcroft Road
Stamford,
Connecticut 06926-0700
(Address of principal executive offices)
(203)
356-5000
(Registrant’s telephone number, including area code)
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))
ITEM 2.05 Costs Associated with Exit or Disposal
Activities
On December 15, 2009, Pitney Bowes Inc. announced that it has embarked
upon a program consisting of a series of initiatives that are designed
to transform and enhance the way it operates as a global company. This
program is expected to continue into 2012 and will result in the
elimination of up to 10 percent of the positions in the company. The
company expects the total pre-tax cost of this program will be in the
range of $250 million to $350 million primarily related to severance and
benefit costs incurred in connection with such workforce
reductions. Most of the total pre-tax costs will be cash related
charges.
ITEM 7.01 Regulation FD Disclosure
The following information is furnished pursuant to Item 7.01 “Regulation
FD Disclosure”.
On December 15, 2009, the registrant held an Investor Meeting via a live
conference call and webcast. The press release is attached hereto as
Exhibit 99.1 and hereby incorporated by reference.
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 thereunto duly authorized.
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Pitney Bowes Inc.
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December 15, 2009
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/s/ S.J. Green
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S.J. Green
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Vice President – Finance and
Chief Accounting Officer
(Principal Accounting Officer)
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