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): September 14, 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
Not Applicable
(Former name or former address, if changed since last report)
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 September 14, 2007, The Brink’s Company (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing that its Board of Directors has authorized the purchase of up to $100 million of the Company’s outstanding common shares.
On September 14, 2007, the Company’s Board of Directors appointed James R. Barker as the Company’s lead director.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| 99.1 |
Press release, dated September 14, 2007, issued by the 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: September 14, 2007 |
By: | /s/ Robert T. Ritter | ||||
| Robert T. Ritter | ||||||
| Vice President and Chief Financial Officer | ||||||
2
EXHIBIT INDEX
| EXHIBIT |
DESCRIPTION | |
| 99.1 |
Press release, dated September 14, 2007, issued by the Company. |
3
Exhibit 99.1
 |
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| The Brink’s Company | ||||
| 1801 Bayberry Court | ||||
| P.O. Box 18100 | ||||
| Richmond, VA 23226-8100 USA | ||||
| PRESS RELEASE | Tel. 804.289.9600 | |||
| Fax 804.289.9758 | ||||
| Contact: |
FOR IMMEDIATE RELEASE | |||
| Investor Relations |
||||
| 804.289.9709 |
THE BRINK’S COMPANY ANNOUNCES SHARE REPURCHASE AUTHORIZATION
RICHMOND, Va., September 14, 2007 — The Brink’s Company (NYSE: BCO) today announced that its board of directors authorized the purchase of up to $100 million of the company’s outstanding common shares.
Michael T. Dan, chairman, president and chief executive officer of The Brink’s Company, said: “The share repurchase authorization reflects our strong cash flow, our confidence in the company’s performance outlook, and demonstrates our ongoing commitment to increasing value for all of our shareholders. Our strong balance sheet enables us to consider share repurchases that create value for our shareholders even as we build additional value by investing in the continued growth of our two world-class security businesses and the expansion of the powerful Brink’s brand into new security-related markets.”
On August 1, 2007, The Brink’s Company had approximately 48.5 million shares of common stock outstanding. In 2006, the company repurchased 21% of its then outstanding shares for $630 million.
The repurchase authorization does not have an expiration date and potential share repurchases will depend on a variety of factors. The company may repurchase shares from time to time in the open market, in privately negotiated transactions, through derivative transactions, and through purchases made in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, depending on prevailing market conditions, alternative uses of capital and other factors. The repurchase authorization does not require The Brink’s Company to acquire any specific number of shares and it may be modified or discontinued at any time.
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.
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