0001193125-16-435722.txt : 20160122 0001193125-16-435722.hdr.sgml : 20160122 20160122163002 ACCESSION NUMBER: 0001193125-16-435722 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160122 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160122 DATE AS OF CHANGE: 20160122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HFF, Inc. CENTRAL INDEX KEY: 0001380509 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 510610340 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33280 FILM NUMBER: 161356517 BUSINESS ADDRESS: STREET 1: ONE OXFORD CENTRE STREET 2: 301 GRANT STREET, SUITE 1100 CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 412-281-8714 MAIL ADDRESS: STREET 1: ONE OXFORD CENTRE STREET 2: 301 GRANT STREET, SUITE 1100 CITY: PITTSBURGH STATE: PA ZIP: 15219 8-K 1 d127882d8k.htm FORM 8-K Form 8-K
Table of Contents

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): January 22, 2016

 

 

HFF, Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   001-33280   51-0610340

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Commission

File Number)

  (I.R.S. Employer
Identification No.)

 

 

One Oxford Centre

301 Grant Street, Suite 1100

Pittsburgh, Pennsylvania 15219

(412) 281-8714

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

 

 

 

(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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material 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))

 

 

 


Table of Contents

TABLE OF CONTENTS

 

ITEM 7.01 REGULATION FD DISCLOSURE
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
SIGNATURE
EXHIBIT INDEX


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Item 7.01 Regulation FD Disclosure

On January 22, 2016, HFF, Inc. issued a press release announcing the declaration of a special cash dividend. A copy of that press release is attached as Exhibit 99.1 to this report and incorporated herein by reference.

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

99.1    Press Release, dated January 22, 2016, announcing special cash dividend.


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Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    HFF, INC.
Dated: January 22, 2016         By:  

/s/ Gregory R. Conley

      Gregory R. Conley
      Chief Financial Officer


Table of Contents

EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Press Release, dated January 22, 2016, announcing special cash dividend.
EX-99.1 2 d127882dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

January 22, 2016

 

Contacts:    
MARK D. GIBSON   GREGORY R. CONLEY   MYRA F. MOREN
Chief Executive Officer   Chief Financial Officer   Director, Investor Relations
(214) 265-0880   (412) 281-8714   (713) 852-3500
mgibson@hfflp.com   gconley@hfflp.com   mmoren@hfflp.com

HFF, Inc. declares special cash dividend for shareholders of record as of February 8, 2016

PITTSBURGH, PA – HFF, Inc. (NYSE: HF or the Company) announced today that its Board of Directors has declared a special cash dividend of $1.80 per Common Share, payable February 19, 2016 to shareholders of record on February 8, 2016. The aggregate dividend payment will total approximately $68.4 million based on the number of shares of Class A Common Stock currently outstanding. This follows three special cash dividends paid in December 2012, February 2014 and February 2015 of $1.52 per share, $1.83 per share and $1.80 per share, respectively, or approximately $192.3 million. When the fourth special cash dividend is paid in February 2016, the combined special cash dividends paid by the Company since December 2012 will total approximately $260.7 million.

Business Comments

“Due to the extraordinary effort expended by the entire HFF Team during 2015 and the strong cash position resulting from such passion and dedication in satisfying our customers’ capital markets objectives, we are pleased to announce our Board of Directors has declared its fourth special cash dividend in the amount of $1.80 per Class A Common Share,” said Mark D. Gibson, the Company’s chief executive officer.

“As we have continually communicated to our shareholders and the market, we believe in three guiding principles relative to managing our cash position and returning capital to our shareholders. These three guiding principles are to 1) maintain sufficient working capital to operate the HFF platform commensurate with a “best in class” real estate capital markets service firm, 2) maintain sufficient cash reserves to not only survive a downturn such as during 2008 and 2009, but also to thrive in such a downturn given the significant opportunities for growth generally afforded well-capitalized firms in difficult times, and 3) maintain sufficient cash reserves to grow our business pursuant to our strategic initiatives and to take advantage of unexpected opportunities that may arise. We have clearly demonstrated our commitment to returning capital to shareholders once we have satisfied our three guiding principles, as evidenced by the payment of $260.7 million to our shareholders through the four special dividends since December 2012,” said Mr. Gibson.


HFF announces its fourth special cash dividend

Page 2

 

“As we stated in previous releases, if, in the future, we find ourselves in a similar position and can fully satisfy the three guiding principles outlined above, it would be our intention to recommend to our Board of Directors to return capital to our shareholders in some amount depending on the competitive position of the Company and other strategic options that might be available to the Company, as well as the macro and micro economic conditions and the legal and regulatory environment at that time. As such, it is important to note that future special dividends, if declared, may vary in timing and amount as it relates to previous dividend payments.” said Mr. Gibson.

About HFF, Inc.

Through its subsidiaries, Holliday Fenoglio Fowler, L.P. and HFF Securities L.P., the Company operates out of 22 offices nationwide and is one of the leading providers of commercial real estate and capital markets services, by transaction volume, to the U.S. commercial real estate industry. The Company offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales and commercial loan servicing.

Certain statements in this press release are “forward-looking statements” within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar expressions constitute forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested in forward-looking statements in this press release. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, the Company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: (1) general economic conditions and commercial real estate market conditions, including the recent conditions in the global markets and, in particular, the U.S. debt markets; (2) the Company’s ability to retain and attract transaction professionals; (3) the Company’s ability to retain its business philosophy and partnership culture; (4) competitive pressures; (5) the Company’s ability to integrate and sustain its growth; and (6) other factors discussed in the Company’s public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K.


HFF announces its fourth special cash dividend

Page 3

 

Additional information concerning factors that may influence HFF, Inc.’s financial information is discussed under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and “Forward-Looking Statements” in the Company’s most recent Annual Report on Form 10-K, as well as in the Company’s press releases and other periodic filings with the Securities and Exchange Commission. Such information and filings are available publicly and may be obtained from the Company’s web site at www.hfflp.com or upon request from the HFF, Inc. Investor Relations Department at investorrelations@hfflp.com.

###

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