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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) June 29, 1998
IKON Office Solutions, Inc.
(Exact name of registrant as specified in its charter)
OHIO File No. 1-5964 23-0334400
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
P.O. Box 834, Valley Forge, Pennsylvania 19482
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Registrant's telephone number, including area code: (610) 296-8000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On June 29, 1998, the Registrant issued a press release indicating that it
anticipates earnings will be significantly lower than the First Call consensus
estimate of $0.34 per share for the quarter ending June 30, 1998. The
Registrant expects to release third quarter earnings on July 22, 1998.
This Report includes or incorporates by reference information which may
constitute forward-looking statements within the meaning of the federal
securities laws. Although the Registrant believes the expectations contained in
such forward-looking statements are reasonable, no assurances can be given that
such expectations will prove correct. Such forward-looking information is based
upon management's current plans or expectations and is subject to a number of
uncertainties and risks that could significantly affect current plans,
anticipated actions and the Registrant's future financial condition and results.
These uncertainties and risks include, but are not limited to, those relating to
successfully managing an aggressive program to acquire and integrate new
companies, including companies with technical services and products that are
relatively new to the Registrant, and also including companies outside the
United States, which present additional risks relating to international
operations; risks and uncertainties relating to conducting operations in a
competitive environment; delays, difficulties, technological changes, management
transitions and employment issues associated with a large-scale transformation
project; debt service requirements (including sensitivity to fluctuation in
interest rates); and general economic conditions. As a consequence, current
plans, anticipated actions and future financial condition and results may differ
materially from those expressed in any forward-looking statements made by or on
behalf of the Registrant.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
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(99) Press Release dated June 29, 1998
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SIGNATURE
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.
IKON OFFICE SOLUTIONS, INC.
By: /s/ MICHAEL J. DILLON
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Michael J. Dillon
Vice President and Controller
Dated: June 29, 1998
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Index to Exhibit
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(99) Press Release dated June 29, 1998
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Susan G. Gaffney Shawn T. Southard
Investor Relations Investor Relations
610-408-7292 610-408-7294
[email protected] [email protected]
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IKON OFFICE SOLUTIONS COMMENTS ON THIRD QUARTER EXPECTATIONS
VALLEY FORGE, PENNSYLVANIA JUNE 29, 1998 - IKON Office Solutions (NYSE:
IKN) today announced that it anticipates earnings will be significantly lower
than the First Call consensus estimate of $0.34 per share for the quarter ending
June 30. The company will release earnings on July 22, 1998.
IKON Office Solutions (www.ikon.com) is one of the world's leading office
technology companies providing customers with total office solutions from copier
and printing systems, computer networking and digital document services, to copy
center management, hardware and software product interfaces and electronic file
conversion. With fiscal 1997 revenues of more than $5 billion, IKON Office
Solutions has more than 1,100 locations in the U.S., Canada, Mexico, the United
Kingdom, France, Germany and Denmark.
This news release includes information that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the federal securities
laws. Although IKON believes the expectations contained in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove correct. This information is subject to risk and uncertainties such as
those relating to managing an aggressive program to acquire and integrate new
companies; conducting activities in a competitive environment; delays,
difficulties, management transitions and employment issues associated with its
transformation; and general economic conditions. Therefore, actual results may
differ materially from the forward-looking statements.
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