false0000027996 0000027996 2020-07-30 2020-07-30


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): July 30, 2020


DELUXE CORPORATION
(Exact name of registrant as specified in its charter)


MN
1-7945
41-0216800
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)


3680 Victoria St. N.
Shoreview
MN
55126-2966
(Address of principal executive offices)
(Zip Code)

(651) 483-7111
Registrant's telephone number, including area code

N/A
(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 communication 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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common stock, par value $1.00 per share
DLX
NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.



Section 2 - Financial Information

Item 2.02   Results of Operations and Financial Condition.

As described in the Deluxe Corporation Form 10-Q for the quarter ended March 31, 2020, the Company reorganized its reportable business segments, effective January 1, 2020, to align with structural and management reporting changes in support of its growth strategy. The Company now operates 4 reportable business segments: Payments, Cloud Solutions, Promotional Solutions and Checks.

This Current Report includes supplemental unaudited historical information relative to segment revenue and segment adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) on both an annual and quarterly basis for the years ended December 31, 2019 and 2018 (furnished hereunder as Exhibit 99.1 and incorporated herein by reference). Exhibit 99.1 includes a reconciliation of total segment adjusted EBITDA to consolidated income (loss) before income taxes. The Company did not operate under this structure during any of these prior periods. The information presented in Exhibit 99.1 is consistent with the segment results reported in the Company's Form 10-Q for the quarter ended March 31, 2020, in accordance with Accounting Standards Codification 280.

The information contained in this Current Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act.


Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number
 
Description
99.1
 

101.INS
 
XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH
 
XBRL Taxonomy Extension Schema Document
101.CAL
 
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
 
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
 
XBRL Taxonomy Extension Label Linkbase Document
101.PRE
 
XBRL Taxonomy Extension Presentation Linkbase Document
104
 
Cover page interactive data file (formatted as Inline XBRL and contained in Exhibit 101)


2



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.

Date: July 30, 2020


 
DELUXE CORPORATION
 
 
 
 
 
/s/ Jeffrey L. Cotter
 
 
 
 
 
Jeffrey L. Cotter
 
 
Senior Vice President, Chief
 
 
Administrative Officer and
 
 
General Counsel
 


3
Deluxe (NYSE:DLX)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more Deluxe Charts.
Deluxe (NYSE:DLX)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more Deluxe Charts.