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
November 12, 2007, (November 9, 2007)
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))
| ITEM 5.02. | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
On November 9, 2007, the Board of Directors of Pitney Bowes Inc. (“Pitney Bowes”) elected Anne M. Busquet as a new director of Pitney Bowes effective immediately. She was elected to the class of Pitney Bowes directors whose terms expire at the 2009 annual meeting of stockholders. The Board of Directors increased in size from thirteen to fourteen directors and Ms. Busquet joined the Pitney Bowes Board of Directors to fill the resulting vacancy.
Ms. Busquet, 57, is a principal of AMB Advisors, LLC, an independent consulting firm. Previously she was the chief executive officer of IAC Local & Media Services, a division of IAC/Interactive Corp., an internet commerce conglomerate. She is also a director of Blyth, Inc.
When Ms. Busquet joins the Pitney Bowes Board of Directors, she will also be joining the Corporate Responsibility Committee of the Pitney Bowes Board of Directors.
| ITEM 7.01. | REGULATION FD |
A copy of the press release announcing the election of Anne M. Busquet to the Board of Directors of Pitney Bowes is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
| (d) | Exhibits |
| 99.1 Pitney Bowes Press Release dated November 12, 2007 | |
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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. | |
| November 12, 2007 | |
| /s/Amy C. Corn | |
| Amy C. Corn | |
| Vice President, Secretary and Chief Governance Officer | |
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EXHIBIT 99.1
Company Contact:
Matthew Broder
VP, External Communications
Pitney Bowes Inc.
203 351 6347
www.pb.com
FOR IMMEDIATE RELEASE
Anne Busquet Elected a Director of Pitney Bowes;
Company Declares Common, Preference and Preferred Dividends
STAMFORD, Conn., November 12, 2007 – Pitney Bowes Inc. (NYSE:PBI) announced today that Anne Busquet has been elected a director of the corporation, effective November 9, 2007.
Busquet is the former chief executive officer of IAC Local & Media Services, a division of IAC/InterActiveCorp, an internet conglomerate with far-reaching media and online properties. Prior to joining IAC/InterActiveCorp, Busquet was a principal of AMB Advisors, LLC, an independent consulting firm she founded in 2001 that conducted broad strategic studies for businesses entering new markets and advised medium to large businesses on strategic alignment. She also spent more than two decades at American Express in a variety of executive roles.
“We are very pleased to have Anne Busquet join Pitney Bowes as a director,” said Executive Chairman Michael Critelli. “She is a thoughtful strategist, an experienced executive, and a leader in understanding the impact of emerging media on marketing and business strategy. We look forward to tapping these areas of expertise at Pitney Bowes.”
Busquet was elected to the class of Pitney Bowes directors whose terms expire at the 2009 annual meeting.
In addition, The Board of Directors declared a quarterly cash dividend on the company’s common stock of 33 cents per share, payable December 12, 2007, to stockholders of record on November 23, 2007; a quarterly cash dividend of 53 cents per share on the company’s $2.12 convertible preference stock, payable January 1, 2008, to stockholders of record December 15, 2007, and a quarterly cash dividend of 50 cents per share on the company’s 4 percent convertible cumulative preferred stock, payable February 1, 2008, to stockholders of record January 16, 2008.
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About Pitney Bowes
Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $6 billion. More information is available at www.pb.com.
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