Business Context and Reporting Period
This Form 8-K is a current report filed by Dex Media, Inc. (formerly Dex One Corporation) on January 29, 2016. The filing serves as a Regulation FD disclosure regarding a post-confirmation quarterly report filed by its subsidiary, SuperMedia LLC, with the United States Bankruptcy Court for the District of Delaware. The report covers the period from October 1, 2015, to December 31, 2015.
SuperMedia LLC remains in Chapter 11 bankruptcy proceedings due to outstanding contested matters, while the rest of Dex Media's subsidiaries emerged from Chapter 11 protection in 2013.
Key Financial Metrics
The filing does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. The document explicitly states that the attached Quarterly Report (Exhibit 99.1) is limited in scope and prepared solely for bankruptcy court compliance.
- Revenue/Profit: Not disclosed in this filing.
- Cash Flow/Liquidity: Not disclosed in this filing.
- Debt: Not disclosed in this filing.
- Accounting Basis: The data is not audited, not reviewed by independent accountants, and not prepared in accordance with GAAP.
Material Changes
No material financial changes are quantified in this document. The primary event is the procedural filing of the quarterly report for SuperMedia LLC. The filing notes that the report is subject to future adjustment and reconciliation and does not necessarily contain all information required under the Securities Exchange Act of 1934.
Guidance, Outlook, and Risks
Management Commentary and Outlook: Dex Media explicitly cautions readers not to place undue reliance on the Quarterly Report. The company states that results in the report should not be viewed as indicative of future results.
Risks and Contingencies:
- Non-GAAP Reporting: The data is in a format prescribed by bankruptcy laws and lacks standard GAAP adjustments, footnotes, and information.
- Completeness: There is no assurance that the report is complete from an investor's perspective.
- Revision Risk: The report may be subject to revision.
- Legal Status: SuperMedia LLC's Chapter 11 proceeding remains open due to contested matters.
Investor Verification Checklist
- Verify the specific financial figures in Exhibit 99.1 (the attached Quarterly Report), as they are not summarized in the main text of this 8-K.
- Confirm the status of the outstanding contested matters preventing the closure of SuperMedia LLC's Chapter 11 case.
- Review Dex Media's most recent GAAP-compliant filings (e.g., 10-K or 10-Q) for audited financial data, as this report is non-GAAP and unaudited.
- Monitor for any future adjustments or reconciliations to the data presented in the bankruptcy court report.