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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
July 5, 2005 (June 30, 2005)
Date of Report (Date of earliest event reported)
Pitney Bowes Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-3579 06-0495050
(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification No.)
World Headquarters
1 Elmcroft Road
Stamford, Connecticut 06926-0700
(Address of principal executive offices)
(203) 356-5000
(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 (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))
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ITEM 8.01. OTHER EVENTS
The Company's press release dated July 1, 2005 regarding its acquisition of
Danka Canada Inc. is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release of Pitney Bowes Inc. dated July 1, 2005
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 thereunto duly authorized.
Pitney Bowes Inc.
July 5, 2005
/s/ B.P. Nolop
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B.P. Nolop
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
/s/ S.J. Green
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S.J. Green
Vice President - Finance and
Chief Accounting Officer
(Principal Accounting Officer)
EXHIBIT 99.1
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PITNEY BOWES ACQUIRES DANKA CANADA INC.
STAMFORD, Conn., July 1, 2005 - Pitney Bowes Inc. (NYSE:PBI), through its
subsidiary Pitney Bowes of Canada Ltd., today announced that it has acquired
100% of the stock of Danka Canada Inc., a subsidiary of Danka Business Systems
PLC, for approximately $14 million. Danka Canada Inc. is a leading provider of
office systems services, supplies and equipment in Canada, and generated
approximately $36 million in revenue during its most recent fiscal year. It will
report into the Pitney Bowes' Canadian operation, which provides office systems,
services and supplies to customers as part of its mail and document management
product and service offerings.
This acquisition supports the company's growth in several ways,
according to Pitney Bowes President and Chief Operating Officer Murray Martin.
"The addition of Danka Canada strengthens our Canadian operations by enhancing
our geographic coverage, extending our offerings and growing the value we can
provide to all customers. This acquisition also expands our direct service
network and our range of direct service offerings for document management
equipment and systems."
Danka Canada Inc., headquartered in Toronto, has approximately 300
employees and 20 offices across Canada.
Pitney Bowes is the world's leading provider of integrated mail and
document management systems, services and solutions. The $5.1 billion company
helps organizations of all sizes efficiently and effectively manage their
mission-critical mail and document flow in physical, digital and hybrid formats.
Its solutions range from addressing software and metering systems to print
stream management, electronic bill presentment and presort mail services. The
company's 85 years of technological leadership have produced many major
innovations in the mailing industry, and it is consistently on the Intellectual
Property Owner's list of top U.S. patent holders. With approximately 35,000
employees worldwide, Pitney Bowes serves more than 2 million businesses through
direct and dealer operations. Visit www.pb.com for more information on the
company.
The statements contained in this news release that are not purely
historical are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements may be identified by their use of forward-looking
terminology such as the words "expects," "anticipates," "intends" and other
similar words. Such forward-looking statements include, but are not limited to,
statements about growth strategies, market expansion, etc. Such forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially from those projected. These risks and uncertainties include,
but are not limited to: severe adverse changes in the economic environment,
timely development and acceptance of new products or gaining product approval;
successful entry into new markets; changes in interest rates; and changes in
postal regulations, as more fully outlined in the company's 2004 Form 10-K
Annual Report filed with the Securities and Exchange Commission. In addition,
the forward-looking statements are subject to change based on the timing and
specific terms of any announced acquisitions. The forward-looking statements
contained in this news release are made as of the date hereof and we do not
assume any obligation to update the reasons why actual results could differ
materially from those projected in the forward-looking statements.