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):
December 11, 2014
Quiksilver, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-14229 | 33-0199426 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
15202 Graham Street, Huntington Beach, CA | 92649 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
(714) 889-2200
(Former name or former address, if changed since last report)
Check the appropriate box below if theForm 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 toRule 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 2.02 | Results of Operations and Financial Condition. |
On December 11, 2014, Quiksilver, Inc. (the “Company”) issued a press release announcing its financial results for the three months and full fiscal year ended October 31, 2014. The press release is attached hereto as Exhibit 99.1.
Also on December 11, 2014, the Company posted to its investor relations website supplemental quarterly and annual financial information for the fiscal year ended October 31, 2014 reflecting: (a) the impact on the Company’s reported fiscal 2014 net revenues (i) of October 2014 average foreign currency exchange rates, and (ii) from removing wholesale net revenues associated with product categories that have since been licensed to third parties; and (b) the Company’s results of operations from continuing operations excluding the Company’s Surfdome business as though it was a discontinued operation for all periods presented. The financial information is attached hereto as Exhibit 99.2 and Exhibit 99.3, respectively.
In addition to Quiksilver’s GAAP financial information, the press release and other financial information furnished with this report reports adjusted EBITDA from continuing operations, pro forma adjusted EBITDA from continuing operations, and constant currency continuing category measures, all of which are considered non-GAAP financial measures. The Company believes these non-GAAP financial measures are useful to investors as they provide consistency and comparability with its past financial reports, as well as useful information to enable investors to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate the Company’s operations. These non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP or other pro forma measures used by other companies.
The information in this Form 8-K and Exhibits shall not be deemed filed for purposes of Section 18 of Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, and, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is being furnished herewith:
Exhibit | Exhibit Title or Description | |
99.1 | Press Release dated December 11, 2014, issued by Quiksilver, Inc. | |
99.2 | Quiksilver, Inc. and Subsidiaries Fiscal 2014 Net Revenues on a Constant Currency Continuing Category Basis (unaudited) | |
99.3 | Quiksilver, Inc. and Subsidiaries Fiscal 2014 Consolidated Statements of Continuing Operations by Quarter (unaudited) |
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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 hereunto duly authorized.
Dated: December 11, 2014 | Quiksilver, Inc. (Registrant) | |||||
By: | /s/ Richard Shields | |||||
Richard Shields | ||||||
Chief Financial Officer |
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INDEX TO EXHIBITS
Exhibit | Exhibit Title or Description | |
99.1 | Press Release dated December 11, 2014, issued by Quiksilver, Inc. | |
99.2 | Quiksilver, Inc. and Subsidiaries Fiscal 2014 Net Revenues on a Constant Currency Continuing Category Basis (unaudited) | |
99.3 | Quiksilver, Inc. and Subsidiaries Fiscal 2014 Consolidated Statements of Continuing Operations by Quarter (unaudited) |
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