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DBD > SEC Filings for DBD > Form 8-K on 10-Nov-2009All Recent SEC Filings

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Form 8-K for DIEBOLD INC


10-Nov-2009

Results of Operations and Financial Condition


Item 2.02 Results of Operations and Financial Condition
On September 2, 2009, the Company and its subsidiaries, Premier Election Solutions Canada ULC ("Premier Canada") and Premier Election Solutions ("Premier Election"), entered into a purchase agreement (the "Purchase Agreement") with Elections Systems & Software, Inc. and its subsidiary (collectively, "ES&S") pursuant to which ES&S agreed to purchase all of the outstanding capital stock of Premier Election and Data Information Management Systems, Inc. ("Data Information") and substantially all of the assets of Premier Canada. The Company conducted its election systems business in the United States and Canada through Premier Election, Premier Canada and Data Information (collectively, "PESI"). The Company's sale of PESI was consummated simultaneously with the entry into the Purchase Agreement on September 2, 2009. In accordance with generally accepted accounting principles in the United States, the Company has reclassified the operating results of PESI to discontinued operations for all periods. Included in Exhibit 99.1 to this Current Report on Form 8-K are the 2008 quarterly and the first two quarters of 2009 financial results of the Company's continuing operations depicting the impact to GAAP and non-GAAP earnings per share from the reclassification of PESI to discontinued operations. The information in this report shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits

           Exhibit No.   Exhibit Description

           99.1          PESI Impact on EPS from Continuing Operations.


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