Current Report Filing (8-k)
April 28 2016 - 6:36AM
Edgar (US Regulatory)
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): April 28, 2016 (April 28, 2016)
CIT
GROUP INC.
(Exact
name of registrant as specified in its charter)
Delaware
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001-31369
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65-1051192
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(State or other
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(Commission
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(IRS Employer
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jurisdiction of
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File Number)
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Identification No.)
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incorporation)
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11
West 42
nd
Street
New
York, New York 10036
(Address
of registrant's principal executive office)
Registrant's
telephone number, including area code: (212) 461-5200
(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 (see General Instruction A.2. below):
[
] 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))
Section
2 – Financial Information
Item
2.02. Results of Operations and Financial Condition.
This
Current Report on Form 8-K includes as an exhibit a press release, dated April 28, 2016, reporting the financial results of CIT
Group Inc. (the “Company”) as of and for the quarter ended March 31, 2016. The press release is attached as Exhibit
99.1. This press release includes certain non-GAAP financial measures. A reconciliation of those measures to the most directly
comparable GAAP measures is included as a table to the press release. The information furnished under this Item 2.02, including
Exhibit 99.1, shall be considered filed for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Section
7 – Regulation FD
Item
7.01. Regulation FD Disclosure.
In
addition, this Form 8-K includes a copy of the Company’s presentation to analysts and investors of its First Quarter 2016
Financial Results for the quarter ended March 31, 2016, which is attached as Exhibit 99.2. The information included in Exhibit
99.2 shall not be considered filed for purposes of the Exchange Act. The Company also provides supplementary financial information
on its website, which is not incorporated by reference in this Form 8-K.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
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99.1
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Press release issued by CIT Group Inc. on April 28, 2016 reporting its financial results as of and for the quarter ended March 31, 2016.
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99.2
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Presentation by CIT Group Inc. on April 28, 2016 regarding its First
Quarter 2016 Financial Results.
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Forward-Looking
Statements
This
Form 8-K contains forward-looking statements within the meaning of applicable federal securities laws that are based upon our current
expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated. The words “expect,” “anticipate,” “estimate,”
“forecast,” “initiative,” “objective,” “plan,” “goal,” “project,”
“outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,”
“commence,” “seek,” “may,” “would,” “could,” “should,”
“believe,” “potential,” “continue,” or the negative of any of those words or similar expressions
is intended to identify forward-looking statements. All statements contained in this Form 8-K, other than statements of historical
fact, including without limitation, statements about our plans, strategies, prospects and expectations regarding future events
and our financial performance, are forward-looking statements that involve certain risks and uncertainties. While these statements
represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are
not guarantees of any events or financial results, and our actual results may differ materially. Important factors that could cause
our actual results to be materially different from our expectations include, among others, the risk that CIT is unsuccessful in
implementing its strategy and business plan, the risk that CIT is unable to react to and address key business and regulatory issues,
the risk that CIT is unable to achieve the projected revenue growth from its new business initiatives or the projected expense
reductions from efficiency improvements, and the risk that CIT becomes subject to liquidity constraints and higher funding costs.
We describe these and other risks that could affect our results in Item 1A, “Risk Factors,” of our latest Annual Report
on Form 10-K for the year ended December 31, 2015, which was filed with the Securities and Exchange Commission. Accordingly, you
should not place undue reliance on the forward-looking statements contained in this Form 8-K. These forward-looking statements
speak only as of the date on which the statements were made. CIT undertakes no obligation to update publicly or otherwise revise
any forward-looking statements, except where expressly required by law.
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.
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CIT GROUP INC.
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(Registrant)
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By:
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/s/ E. Carol Hayles
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E. Carol Hayles
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Executive Vice President & Chief Financial Officer
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Dated:
April 28, 2016
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