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) July 29, 2004
IKON Office Solutions, Inc.
(Exact name of registrant as specified in its charter)
------------------------------------------------
OHIO File No. 1-5964 23-0334400
--------------- ------------------ ---------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
P.O. Box 834, Valley Forge, Pennsylvania 19482
---------------------------------------- -----
Registrant's telephone number, including area code: (610) 296-8000
--------------
Not Applicable
-----------------------------------------------------------
(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure
-----------------------------------------
On July 29, 2004, IKON Office Solutions, Inc. (the "Company" or "IKON")
issued a press release announcing its completion of a $200 million senior
secured revolving credit facility. Financial covenants of the credit facility
are consistent with IKON's long-term financial objectives for share repurchases,
dividends, and other investment opportunities. A copy of this press release is
furnished as exhibit 99.1 with this report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
------------------------------------------------------------------
c. The following exhibits are furnished in accordance with the provisions
of Item 601 of Regulation S-K:
99.1 Press Release dated July 29, 2004.
Item 12. Results of Operation and Financial Condition
--------------------------------------------
On July 29, 2004, IKON also announced its consolidated financial
results for the third quarter of fiscal year 2004 in the press release furnished
hereto as exhibit 99.1.
Additional information regarding the third quarter results and the Company's
outlook for the next quarter and Fiscal 2004 will be discussed on a conference
call hosted by IKON at 10:00 a.m. EST on Thursday, July 29, 2004. Please call
(719) 867-0640 to participate. The live audio broadcast of the call, with
slides, can be accessed on IKON's Investor Relations homepage. A complete replay
of the conference call will also be available on IKON's Investor Relations
homepage approximately two hours after the call ends through the next quarterly
reporting period. To listen, please go to www.ikon.com and click on Investor
Relations. Beginning at 1:00 p.m. EST on July 29, 2004 and ending at midnight
EST on August 1, 2004, a complete replay of the conference call can also be
accessed via telephone by calling (719) 457-0820 and using the access code
207825.
This report includes information which may constitute forward-looking statements
within the meaning of the federal securities laws. These forward-looking
statements include, but are not limited to, statements relating to our expected
fourth quarter and full fiscal 2004 results and the ability to execute long-term
strategic initiatives, growth and operational efficiency. Although IKON believes
the expectations contained in such forward-looking statements are reasonable, it
can give no assurances that such expectations will prove correct. Such
forward-looking statements are based upon management's current plans or
expectations and are subject to a number of risks and uncertainties, including,
but not limited to: risks and uncertainties relating to conducting operations in
a competitive environment and a changing industry; delays, difficulties,
management transitions and employment issues associated with consolidation of,
and/or changes in business operations; the implementation, timing and cost of
the e-IKON initiative; risks and uncertainties associated with existing or
future vendor relationships; and general economic conditions. Certain additional
risks and uncertainties are set forth in IKON's 2003 Annual Report on Form 10-K
filed with the Securities and Exchange Commission. As a consequence of these and
other risks and uncertainties, IKON's current plans, anticipated actions and
future financial condition and results may differ materially from those
expressed in any forward-looking statements.
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/ William S. Urkiel
----------------------
William S. Urkiel
Senior Vice President and
Chief Financial Officer
Dated: July 29, 2004