UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
______________
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of Earliest Event Reported): November
1, 2016
NIC INC.
(Exact
name of registrant as specified in its charter)
Delaware |
000-26621 |
52-2077581 |
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
25501 West Valley Parkway, Suite 300
Olathe, Kansas 66061
(Address
of principal executive offices, including zip code)
(877)
234-3468
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed
since last report)
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On November 3, 2016, NIC Inc. (the “Company”) issued a press release announcing its 2016 third quarter financial results. A copy of the press release is furnished with this report on Form 8-K as Exhibit 99.1 includes disclosure relating to the special cash dividend and the newly adopted regular cash dividend policy discussed below and is incorporated by reference herein.
ITEM 7.01 REGULATION FD DISCLOSURE
On November 1, 2016, the Board of Directors of the Company declared a special cash dividend of $0.65 per share, payable on December 9, 2016, to stockholders of record on November 16, 2016. The dividend payout will total approximately $43.3 million based on the current number of shares outstanding. Also on November 1, 2016, the Board of Directors of the Company approved a dividend policy, pursuant to which the Board currently plans to make, subject to subsequent declaration, a regular quarterly cash dividend of $0.08 per share, with the first declaration and payment currently expected to be in the first quarter of 2017. The Company’s ability to pay regular quarterly dividends in the future could be affected by future business performance, liquidity, capital needs, alternative investment opportunities and debt covenants associated with its line of credit. A copy of the press release is furnished with this report on Form 8-K as Exhibit 99.1.
On November 3, 2016 at 4:30 p.m. EDT, the Company will host a conference call, which will also be available by webcast, to discuss its third quarter financial results. The call may also include discussion of company developments, and forward-looking and other material information about business and financial matters.
In accordance with General Instruction B.2 of Form 8-K, the information
in Items 2.02 and 7.01 of this Form 8-K and Exhibit 99.1 is being
furnished and shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), 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, as amended, or the Exchange Act, except as shall be expressly
set forth in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 - Press release issued by NIC Inc. dated November 3, 2016, announcing its third quarter financial results is being furnished as part of this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NIC Inc. |
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Date: | November 3, 2016 |
/s/ Stephen M. Kovzan |
Stephen M. Kovzan |
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Chief Financial Officer |
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