Business Context and Reporting Period
Company: Deluxe Corp
Filing Type: Form 8-K (Current Report)
Date of Report: November 22, 2011
Reporting Period Context: This filing supplements the Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. It does not reflect events occurring after that date.
Key Financial Metrics
This filing does not report new operational financial metrics (revenue, profit, cash flow, or margins) for the current period. The primary financial disclosure relates to debt obligations:
- Debt Issuance: $200.0 million of 7.00% senior notes issued in March 2011.
- Maturity Date: March 15, 2019.
- Guarantees: Obligations are jointly and severally guaranteed on a full and unconditional basis by existing and future direct and indirect subsidiaries.
- Liquidity/Position Impact: The filing explicitly states that the recasted historical information has no impact on the historical consolidated financial position, results of operations, or cash flows.
Material Changes
There are no material changes to the company's financial results or operations reported in this document. The filing serves to:
- Provide historical condensed financial information for the Guarantors of the senior notes.
- Incorporate recasted historical financial statements by reference into SEC filings.
- Add "Note 17: Supplemental guarantor financial information" to the notes previously contained in the Form 10-Q.
Guidance, Outlook, and Risks
Management Commentary: Management clarifies that the recasted historical information contained in Exhibit 99.1 does not represent a restatement of previously issued financial statements.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the standard obligations associated with the previously issued senior notes.
Investor Verification Checklist
- Verify the terms of the $200.0 million 7.00% senior notes issued in March 2011.
- Review Exhibit 99.1 for the specific supplemental guarantor financial information.
- Confirm that the Form 10-Q for the quarter ended September 30, 2011, remains the primary source for operational results and cash flow data.
- Note that this filing does not update disclosures in the Form 10-Q except for the addition of the guarantor note.