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Quotes & Info
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| IEC > SEC Filings for IEC > Form 8-K on 30-Jan-2013 | All Recent SEC Filings |
30-Jan-2013
Results of Operations and Financial Condition, Regulation FD Disclosure, Fin
On January 30, 2013, at its annual meeting of stockholders, IEC Electronics Corp. (the "Company") will present slides containing information regarding its historical financial performance and general expectations for fiscal 2013. A copy of the slides is attached hereto as Exhibit 99.1 and incorporated by reference herein.
EBITDA (earnings before interest, taxes, depreciation and amortization), a non-GAAP financial measure referenced in the attached slides, is reconciled to comparable GAAP financial measures in a posting in the Investor Information section of the Company's website, iec-electronics.com. The reconciliation is attached hereto as Exhibit 99.2 and incorporated by reference herein. The Company views EBITDA as a useful measure of operating performance given its large net operating loss carryforwards. EBITDA, as a component of EBITDARs (earnings before interest, taxes, depreciation, amortization, rent payments and stock compensation expense), is also measured as part of the financial covenants contained in the Company's credit agreements with Manufacturers and Traders Trust Company.
The information in the above-mentioned slides contains certain forward looking statements made within the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, and reflects the Company's current expectations rather than historical fact. These statements, such as those related to our future prospects, capabilities and results, involve risks and uncertainties, including in particular the risks and uncertainties referred to in the slides. The Company's actual results of operations may differ significantly from those contemplated by any forward looking statements as a result of those and other factors, including the risk factors set forth in the Company's 2012 Annual Report on Form 10-K and other filings of the Company with the Securities and Exchange Commission.
On January 30, 2013 the Company will present the information described in Item 2.02 above at its annual meeting of stockholders.
(d) Exhibits.
Exhibit 99.1 Slides Presented at Annual Meeting of Stockholders on January 30, 2013 Exhibit 99.2 Reconciliation of EBITDA to Comparable GAAP Financial Measures
The information in Items 2.02 and 7.01 of this Form 8-K and Exhibits 99.1 and 99.2 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing. Neither the filing of any exhibit to this report nor the inclusion in such exhibits of a reference to the Company's Internet address shall, under any circumstances, be deemed to incorporate the information available at such address into this report. The information available at the Company's Internet address is not part of this report.
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