8-K

UNITED STATES

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): June 30, 2015

BLACKHAWK NETWORK HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of

Incorporation or Organization)

001-35882	43-2099257
(Commission File Number)	(I.R.S. Employer Identification No.)

6220 Stoneridge Mall Road

Pleasanton, CA 94588

(Address of Principal Executive Offices, including Zip Code)

(Registrant’s Telephone Number, Including Area Code): (925) 226-9990

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:

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

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.01 Completion of Acquisition or Disposition of Assets

On June 30, 2015, Blackhawk Network Holdings, Inc. (the “Company”) issued a press release announcing the consummation of the previously announced merger of Achievers Corp. (“Achievers”) with and into a wholly-owned subsidiary of the Company. A copy of this release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 2.01. Achievers’ Employee Success Platform™ empowers employees and managers to deliver real-time recognition for meeting objectives, reaching milestones or driving results, to increase employee engagement and align with the values and goals of the employer. The Company paid aggregate cash consideration of $110 million to the stockholders of Achievers in connection with the merger.

Item 9.01     Financial Statements and Exhibits.

(a)    Financial statements of business acquired..

The Company intends to file the consolidated financial statements of the Company as required by this Item 9.01(a) under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report on Form 8-K was required to be filed.

(b)    Pro Forma Financial Information.

The Company intends to file pro forma financial information as required by this Item 9.01(b) under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report on Form 8-K was required to be filed.

(d)    Exhibits.

Exhibit No.	Description
99.1	Press Release dated June 30, 2015

The press release may contain hyperlinks to information on our website. The information on our website is not incorporated by reference.

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.

	BLACKHAWK NETWORK HOLDINGS, INC.
Date: June 30, 2015	By:	/s/ Kirsten E. Richesson
	Name:	Kirsten E. Richesson
	Title:	General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated June 30, 2015

EX-99.1

Exhibit 99.1

Blackhawk Network Completes Acquisition of Achievers Corp.

Pleasanton, CA - June 30, 2015 - Blackhawk Network announced it has completed the acquisition of Achievers Corp., as previously described in its June 11, 2015 press release. Achievers’ Employee Success Platform™ empowers employees and managers to deliver real-time recognition for meeting objectives, reaching milestones or driving results , to increase employee engagement and align with the values and goals of the employer.

Blackhawk Network CFO Jerry Ulrich commented, “The purchase price of $110 million equates to approximately two times Achievers’ calendar 2014 adjusted operating revenues.”

The company will provide additional details on the Achievers acquisition during its next earnings call scheduled for July 22, 2015.

About Blackhawk Network

Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) is a leading prepaid and payments global company, which supports the program management and distribution of gift cards, prepaid telecom products and financial service products in a number of different retail, digital and incentive channels. Blackhawk’s digital platform supports prepaid across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information, please visit www.blackhawknetwork.com and www.giftcardmall.com.

About Achievers

Achievers delivers an Employee Success Platform™ that enables social recognition, which increases employee engagement and drives business success. Designed specifically to meet the needs of today’s workplace, it empowers employees to recognize each other in real time and aligns them to the goals of the company. With more than 7,800,000 annual recognitions, the Platform inspires brilliant performance in 110 countries. Visit us at www.achievers.com.

INVESTORS/ANALYSTS:	MEDIA:
Patrick Cronin	Teri Llach
(925) 226-9973	(925) 226-9028
investor.relations@bhnetwork.com	Teri.llach@bhnetwork.com