-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RjIs1oc4RbWxXD/5nh1T/NnpYL9P70/PiadM0UBe+NtZae1rwCc01OanVCc2ohRk YfqzGg7vnKgyHkYt8qrlAA== 0000950142-97-000773.txt : 19970924 0000950142-97-000773.hdr.sgml : 19970924 ACCESSION NUMBER: 0000950142-97-000773 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970711 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970923 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NFO RESEARCH INC CENTRAL INDEX KEY: 0000897940 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 061327424 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-21460 FILM NUMBER: 97684063 BUSINESS ADDRESS: STREET 1: 2 PICKWICK PLAZA STREET 2: STE 400 CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036298888 MAIL ADDRESS: STREET 1: TWO PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 06830 8-K/A 1 AMENDMENT NO. 1 TO FORM 8K CURENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A AMENDMENT NO. 1 TO THE CURRENT REPORT Filed Pursuant to Section 13 or 15 (d) of THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 11, 1997 NFO RESEARCH, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-21460 06-1327424 - ---------------------------- ------------ ---------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 2 Pickwick Plaza Greenwich, CT 06830 ------------------------- Registrant's telephone number, including area code: (203) 629-8888 Item 2. Acquisition or Disposition of Assets On July 25, 1997 the Registrant filed a current report on Form 8-K and reported under Item 2 that on July 11, 1997 the Registrant acquired 100% of the outstanding stock of The MBL Group Plc ("MBL"), a company incorporated under the laws of England and Wales, from John and Mary Goodyear. Because it was impracticable to provide the required financial statements for the acquired business and pro forma financial information related to the transaction at the time of filing, such financial statements and pro forma financial information were not included with that report on Form 8-K. Upon completion of its acquisition of MBL (including its minority interests), and final review of the relevant financial statements, the Registrant has subsequently determined that financial statements and pro forma information are not required to be filed under Item 7 of Form 8-K based on the lack of significance of these acquisitions to the Registrant. Nevertheless, the Company has voluntarily decided to file the supplemental financial statements for the combined operations of NFO Research, Inc. and the MBL Group Plc in Item 7 herein. In Item 7, the Registrant has provided supplemental income statements for the years ended December 31, 1993 through December 31, 1996, showing the combined results of both NFO and MBL. In addition, included are supplemental income statements for each of the quarters in 1996 and for the three month periods ended March 31, 1997 and June 30, 1997. The acquisition of MBL will be accounted for as a pooling of interests and all financial statements for prior periods will be retroactively restated in future filings once post-combination financial information has been filed. For a completed description of the transaction, please refer to the MBL Share Purchase Agreement and the Minority Shareholder Share Purchase Agreements attached to the Current Report on Form 8-K filed July 25, 1997 by the Registrant. Item 7. Financial Statements, Pro Forma Financial Information and Supplemental ---------------------------------------------------------------------- Financial Information --------------------- (a) Financial Statements of Business Acquired: Upon completion of the acquisitions of MBL and its minority interests, the Registrant has determined that Financial statements are not required to be filed herein based on the lack of significance of these acquisitions to the Registrant. (b) Pro Forma Financial Information: Upon completion of the acquisitions of MBL and its minority interests, the Registrant has determined that pro forma financial information is not required to be filed herein based on the lack of significance of these acquisitions to the Registrant. (c) Supplemental Financial Information: SUPPLEMENTAL ANNUAL INCOME STATEMENTS FOR THE COMBINED OPERATIONS OF NFO RESEARCH, INC. AND THE MBL GROUP PLC
FOR YEARS ENDED DECEMBER 31: ------------------------------------------------ 1993 1994 1995 1996 --------- --------- --------- --------- REVENUES $ 76,738 $ 90,435 $ 113,095 $ 154,943 COST OF REVENUES 31,664 37,367 48,431 66,693 SELLING, GENERAL AND ADMINISTRATIVE 31,037 36,391 44,167 61,591 DEPRECIATION EXPENSE 1,372 1,483 1,825 2,356 AMORTIZATION OF INTANGIBLE ASSETS 2,370 2,071 2,203 2,926 --------- --------- --------- --------- OPERATING INCOME 10,295 13,123 16,469 21,377 INTEREST EXPENSE, NET 709 31 (142) 38 OTHER EXPENSES (INCOME) 60 258 0 (17) EQUITY INTEREST IN NET LOSS (INCOME) OF AFFILIATED COMPANIES (169) (118) (186) 335 --------- --------- --------- --------- INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 9,695 12,952 16,797 21,021 INCOME TAX EXPENSE 3,944 4,299 6,172 8,983 --------- --------- --------- --------- NET INCOME BEFORE MINORITY INTEREST 5,751 8,653 10,625 12,038 MINORITY INTEREST (INCOME) EXPENSE 759 982 1,466 1,422 --------- --------- --------- --------- NET INCOME $ 4,992 $ 7,671 $ 9,159 $ 10,616 ========= ========= ========= ========= EARNINGS PER SHARE $ .44 $ .61 $ .72 $ .76 ========= ========= ========= ========= WEIGHTED AVERAGE SHARES OUTSTANDING 11,435 12,573 12,786 13,908 ========= ========= ========= =========
SUPPLEMENTAL QUARTERLY INCOME STATEMENTS FOR THE COMBINED OPERATIONS OF NFO RESEARCH, INC. AND THE MBL GROUP PLC
FOR THE QUARTERS ENDED: --------------------------------------------------------------------------- 1996 1997 ------------------------------------------- -------------------- MAR. 31 JUNE 30 SEPT. 30 DEC. 31 MAR. 31 JUNE 30 -------- -------- -------- -------- -------- -------- REVENUES $ 33,490 $ 37,696 $ 38,241 $ 45,516 $ 42,020 $ 47,025 COST OF REVENUES 14,585 15,607 16,339 20,162 19,116 21,032 SELLING, GENERAL AND ADMINISTRATIVE 13,971 14,526 15,157 17,937 16,779 18,850 DEPRECIATION EXPENSE 555 552 594 655 628 678 AMORTIZATION OF INTANGIBLE ASSETS 784 783 775 584 750 722 -------- -------- -------- -------- -------- -------- OPERATING INCOME 3,595 6,228 5,376 6,178 4,747 5,743 INTEREST EXPENSE, NET 15 12 (37) 48 9 63 OTHER EXPENSES (INCOME) (8) (4) (9) 4 (9) (81) EQUITY INTEREST IN NET LOSS (INCOME) OF AFFILIATED COMPANIES 127 128 32 48 76 78 -------- -------- -------- -------- -------- -------- INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 3,461 6,092 5,390 6,078 4,671 5,683 INCOME TAX EXPENSE 1,564 2,626 2,339 2,454 1,901 2,568 -------- -------- -------- -------- -------- -------- NET INCOME BEFORE MINORITY INTEREST 1,897 3,466 3,051 3,624 2,770 3,115 MINORITY INTEREST (INCOME) EXPENSE 112 532 183 595 419 393 -------- -------- -------- -------- -------- -------- NET INCOME $ 1,785 $ 2,934 $ 2,868 $ 3,029 $ 2,351 $ 2,722 ======== ======== ======== ======== ======== ======== EARNINGS PER SHARE $ .13 $ .21 $ .21 $ .22 $ .17 $ .20 ======== ======== ======== ======== ======== ======== WEIGHTED AVERAGE SHARES OUTSTANDING 13,693 13,803 13,849 13,977 13,687 13,771 ======== ======== ======== ======== ======== ========
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. Date: September 22, 1997 NFO RESEARCH, INC., By: /s/ Patrick G. Healy ---------------------------------- Name: Patrick G. Healy Title: EVP-Finance and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----