|
Quotes & Info
|
| DNB > SEC Filings for DNB > Form 8-K on 7-May-2012 | All Recent SEC Filings |
7-May-2012
Results of Operations and Financial Condition, Regulation FD Disclosure,
On May 7, 2012, we issued a press release announcing our financial results for the first quarter period ended March 31, 2012. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 2.02 by reference.
On May 7, 2012, we issued a press release updating our 2012 full-year financial guidance. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 7.01 by reference.
On March 18, 2012, D&B announced we had temporarily suspended our Shanghai Roadway D&B Marketing Services Co. Ltd. ("Roadway") operations in China, pending an investigation into allegations that certain data collection practices may have violated local Chinese consumer data privacy laws. In addition, we have been reviewing certain allegations that we may have violated the Foreign Corrupt Practices Act and certain other laws in our China operations. As previously reported, we are cooperating with the local Chinese investigation and have voluntarily reported this matter to the Securities and Exchange Commission and the United States Department of Justice and we are cooperating with both agencies in our investigation.
In connection with the ongoing investigation as well as the time and cost to resolve these issues, we subsequently decided to permanently cease the operations of Roadway and we have begun the process of shutting down that business. However, we remain committed to our growth strategy in China and will continue to operate our other business-to-business Sales & Marketing and Risk Management businesses in that region.
D&B acquired Roadway's operations in 2009 and for full year 2011, Roadway generated approximately $22 million in revenue and $2 million of operating income.
(d) Exhibits.
Exhibit Description
99.1 Press Release of The Dun & Bradstreet Corporation, dated May 7, 2012
(furnished pursuant to Item 2.02 and Item 7.01).
|
|
|