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): August 6, 2007
THE BRINK’S COMPANY
(Exact name of registrant as specified in its charter)
| Virginia | 1-9148 | 54-1317776 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
1801 Bayberry Court
P. O. Box 18100
Richmond, VA 23226-8100
(Address and zip code of principal executive offices)
Registrant’s telephone number, including area code: (804) 289-9600
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.):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting materials 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 8.01. Other Events.
On August 6, 2007, The Brink’s Company (the “Company”) issued a press release announcing that Brink’s, Incorporated, a subsidiary of the Company, had completed the sale of certain of its United Kingdom subsidiary’s domestic cash handling operations. A copy of this release is attached hereto as Exhibit 99 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99 | Press Release, dated August 6, 2007, issued by The Brink’s Company. |
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.
| THE BRINK’S COMPANY | ||||
| (Registrant) | ||||
| Date: August 6, 2007 | By: | /s/ Robert T. Ritter | ||
| Robert T. Ritter | ||||
| Vice President and Chief Financial Officer | ||||
EXHIBIT INDEX
| EXHIBIT | DESCRIPTION | |
| 99 | Press Release, dated August 6, 2007, issued by The Brink’s Company. |
EXHIBIT 99
| The Brink’s Company | ||
 |
1801 Bayberry Court | |
| P.O. Box 18100 | ||
| Richmond, VA 23226-8100 USA | ||
| Tel. 804.289.9600 | ||
| Fax 804.289.9760 | ||
| Contact: Investor Relations 804.289.9709 |
FOR IMMEDIATE RELEASE | |
BRINK’S COMPLETES SALE OF U.K.- BASED DOMESTIC CASH
HANDLING OPERATIONS
Company’s Global Services Unit Will Continue to Serve U.K. Market
RICHMOND, Va., August 6, 2007 — Brink’s, Incorporated, a subsidiary of The Brink’s Company (NYSE:BCO), today announced the completion of the sale of its United Kingdom subsidiary’s domestic cash handling operations to Loomis UK Limited, a subsidiary of Securitas AB. Terms of the sale were not disclosed. Brink’s will continue to operate in the United Kingdom through its Global Services unit, which will continue to operate its own fleet of armored trucks, vaults and other facilities as a part of the global Brink’s network. Brink’s will also continue to operate in Northern Ireland.
The Brink’s Company incurred a previously disclosed pretax impairment charge of $7.5 million (13 cents per share after taxes) related to the divested operations. The charge was recorded against second-quarter earnings, and the company does not expect to incur significant additional charges related to the sale.
In 2005 and 2006, the divested operations generated annual revenues of approximately $50 million per year while incurring operating losses of approximately $9 million per year. Brink’s employed approximately 350 people at the divested operations.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a global leader in security-related services that operates two businesses: Brink’s, Incorporated and Brink’s Home Security. Brink’s, Incorporated is the world’s premier provider of secure transportation and cash management services. Brink’s Home Security is one of the largest and most successful residential alarm companies in North America. For more information, please visit The Brink’s Company website at www.brinkscompany.com or call toll free 877-275-7488.
This document contains forward-looking information regarding the sale of certain Brink’s operations in the United Kingdom and its anticipated impact as well as future Brink’s operations. Words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes,” “may,” “should” and similar expressions may identify forward-looking information. This forward-looking information is subject to known and unknown risks, uncertainties and contingencies, which could cause actual results, performance or achievements to differ materially from those that are anticipated. These risks, uncertainties and contingencies, many of which are beyond the control of the Company, include but are not limited to, future market conditions in the United Kingdom and Northern Ireland, liabilities arising from contractual indemnification provisions, and other factors. Additional risks, uncertainties and contingencies are discussed by the Company in its filings with the United States Securities & Exchange Commission, including its most recent Form 10-K and Form 10-Q. All forward-looking information should be evaluated in the context of these risks, uncertainties and contingencies.
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