0001104659-14-005584.txt : 20140131 0001104659-14-005584.hdr.sgml : 20140131 20140131132935 ACCESSION NUMBER: 0001104659-14-005584 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140130 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140131 DATE AS OF CHANGE: 20140131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEX MEDIA, INC. CENTRAL INDEX KEY: 0001556739 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 460821335 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35895 FILM NUMBER: 14563870 BUSINESS ADDRESS: STREET 1: 2200 WEST AIRFIELD DRIVE STREET 2: P.O. BOX 619810 CITY: D/FW AIRPORT STATE: TX ZIP: 75261 BUSINESS PHONE: 972-453-7000 MAIL ADDRESS: STREET 1: 2200 WEST AIRFIELD DRIVE STREET 2: P.O. BOX 619810 CITY: D/FW AIRPORT STATE: TX ZIP: 75261 FORMER COMPANY: FORMER CONFORMED NAME: NEWDEX, INC. DATE OF NAME CHANGE: 20120822 8-K 1 a14-4718_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

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):

January 30, 2014

 

DEX MEDIA, INC.

(Exact name of Registrant as specified in its charter)

 

Delaware

 

1-35895

 

13-2740040

(State of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

 

2200 West Airfield Drive, P.O. Box 619810, DFW Airport, Texas 75261

(Address of Principal Executive Offices)

 

(972) 453-7000

(Registrant’s telephone number, including area code)

 

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 7.01 Regulation FD Disclosure.

 

As previously disclosed, on March 18, 2013 (the “Petition Date”), SuperMedia Inc. (“SuperMedia”) and all of its domestic subsidiaries (collectively, the “SuperMedia Debtors”), and Dex One Corporation (“Dex One”) and all of its subsidiaries (collectively, the “Dex One Debtors”) filed voluntary bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code.

 

On April 29, 2013, the Bankruptcy Court entered separate orders confirming the prepackaged plans of reorganization of the SuperMedia Debtors and Dex One Debtors. On April 30, 2013, pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of December 5, 2012, by and between SuperMedia, Dex One, Newdex, Inc. (“Newdex”), and Spruce Acquisition Sub, Inc. (“Spruce”), (i) Dex One merged with and into Newdex, with Newdex surviving and changing its name to Dex Media, Inc. (“Dex Media”), and (ii) SuperMedia merged with and into Spruce, with SuperMedia surviving as a wholly owned subsidiary of Dex Media. Also on April 30, 2013, the Dex One Debtors, including Dex Media, and the SuperMedia Debtors emerged from Chapter 11 protection.

 

On September 18, 2013, final decrees closing the Chapter 11 proceedings of all Dex Media’s subsidiaries, except SuperMedia LLC, were entered by the Bankruptcy Court.  SuperMedia LLC’s Chapter 11 proceeding was not closed because of outstanding contested matters pending it its Chapter 11 proceeding.

 

On January 30, 2014, SuperMedia LLC filed a post-confirmation quarterly report in its Chapter 11 proceeding (the “Quarterly Report”) for the period beginning on October 1, 2013, and ending on December 31, 2013, with the Bankruptcy Court. The Quarterly Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the reporting requirements of the Office of the United States Trustee of the District of Delaware and the Bankruptcy Court. The Quarterly Report was not audited or reviewed by independent accountants, has not been presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), is in a format prescribed by applicable bankruptcy laws and regulations and is subject to future adjustment and reconciliation. The Quarterly Report does not include all of the adjustments, information and footnotes required by GAAP. Therefore, the Quarterly Report does not necessarily contain all information required in filings pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or may present such information differently from such requirements. There can be no assurance that, from the perspective of an investor or potential investor in Dex Media’s securities, the Quarterly Report is complete, and the Quarterly Report may be subject to revision. Results set forth in the Quarterly Report should not be viewed as indicative of future results. Dex Media cautions readers not to place undue reliance upon the Quarterly Report.

 

The information furnished in this Current Report on Form 8-K pursuant to Item 7.01, including the information contained in Exhibit 99.1, is summary information that is intended to be considered in the context of Dex Media’s filings with the Securities and Exchange Commission and other public announcements that Dex Media may make, by press release or otherwise, from time to time. Dex Media disclaims any current intention to revise or update the information furnished in this Current Report on Form 8-K pursuant to Item 7.01, including the information contained in Exhibit 99.1, although Dex Media may do so from time to time as its management believes is warranted.

 

The Quarterly Report is attached hereto as Exhibit 99.1 and incorporated herein by reference. This Current Report on Form 8-K (including the exhibit hereto or any information included therein) shall not be deemed an admission as to the materiality of any information required to be disclosed solely by reason of Regulation FD.

 

2



 

The information contained in this Current Report on Form 8-K, including the information contained in Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01              Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

 

Description

99.1

 

SuperMedia LLC Post-Confirmation Quarterly Report, filed January 30, 2014

 

3



 

SIGNATURES

 

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

 

 

DEX MEDIA, INC.

 

 

 

 

 

 

 

 

 

By:

/s/ Raymond R. Ferrell

 

 

Name:

Raymond R. Ferrell

 

 

Title:

Executive Vice President –

 

 

 

General Counsel and Corporate Secretary

 

 

 

 

 

 

 

 

Date:

January 31, 2014

 

 

 

 

4



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

99.1

 

SuperMedia LLC Post-Confirmation Quarterly Report, filed January 30, 2014

 

5


EX-99.1 2 a14-4718_1ex99d1.htm EX-99.1

Exhibit 99.1

 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3

POST-CONFIRMATION QUARTERLY SUMMARY REPORT - SUPERMEDIA, LLC

For the Reporting Period 10/1/2013 - 12/31/2013

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name

 

SuperMedia LLC

 

 

 

 

 

Beginning Cash Balance

 

$

129,096,463

 

 

 

 

 

All receipts received by the debtor

 

 

 

Cash Sales

 

262,973,858

 

Collection of Accounts Receivable

 

 

Proceeds from Litigation (settlement or otherwise)

 

 

Sale of Debtor’s Assets

 

 

Capital Infusion pursuant to the Plan

 

 

Total of cash received

 

262,973,858

 

 

 

 

 

Total of cash available

 

392,070,321

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals

 

 

Disbursements made pursuant to the administrative claims of bankruptcy professionals

 

 

All other disbursements made in the ordinary course

 

(18,503,694

)

Total Disbursements

 

(18,503,694

)

 

 

 

 

Ending Cash Balance (1)

 

$

373,566,627

 

 


Note (1): “Ending Cash Balance” presented here does not reflect cash in the bank. Cash in the bank is $77,159,249.23 net of intercompany payments.

 

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

 

 

 

 

/s/ Clifford E. Wilson Vice President and Assistant Treasurer

 

 

Name/Title

 

 

 

 

 

 

 

 

January 30, 2014

 

 

Date

 

 



 

SuperMedia
Bank Account Balances

 

 

 

 

 

Account

 

12/31/13

 

STATE STREET TREASURY PLUS

 

 

SSGA SSLMMF

 

37,859,519.00

 

BAML4420

 

 

BAML5138

 

6,217,012.00

 

BAML5421

 

50,000.00

 

BAML9078

 

2,869,533.00

 

JPMC2840

 

 

JPMC4838

 

33,138,088.00

 

JPMC6202

 

 

JPMC6620

 

 

JPMC6639

 

 

JPMC3096

 

 

JPM_CON6922

 

 

JPM_PAYS6930

 

 

Net adjustment for outstanding pmts

 

(2,974,902.77

)

Total Cash-in-bank (1)

 

77,159,249.23

 

 


Note (1): All bank accounts are owned by SuperMedia, LLC. Cash balances reflect the receipts and disbursements of all legal entities.

 



 

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

 

In Re:

Chapter 11

SuperMedia LLC

 

Debtor

Reporting Period:_October 1, 2013 to December 31, 2013

 

SuperMedia LLC

Balance Sheet ( $ Thousands )

12/31/2013

(Preliminary-Pending final accounting adjustments including tax etc)

 

 

 

SuperMedia LLC

 

Assets

 

 

 

Current Assets:

 

 

 

Cash and Cash Equivalents

 

77,159

 

 

 

 

 

Current Notes Receivable - Affiliate

 

2,560,417

 

 

 

 

 

Trade - Billed - Local

 

110,827

 

Trade - Billed - National

 

17,010

 

Trade - Billed - Subtotal

 

127,838

 

Other Receivables

 

3

 

Affiliate Accounts Receivable

 

0

 

Other Receivables - Subtotal

 

3

 

Allowance for Doubtful Accounts - Predecessor

 

(8,830

)

Allowance for Doubtful Accounts - Successor

 

(8,737

)

Allowance for Doubtful Accounts - Subtotal

 

(17,568

)

 

 

 

 

Accounts Receivable (Net of Allowance)

 

110,273

 

Unbilled Receivable

 

26,422

 

Accrued Taxes Receivable

 

0

 

Deferred Directory Costs

 

85,372

 

 

 

 

 

Short Term Investments

 

0

 

Interest Receivable

 

36,640

 

Deferred Income Tax Benefit

 

0

 

Total Prepayments

 

9,495

 

Current Notes Receivable - Nonaffiliate

 

0

 

Other Current Assets

 

10

 

Prepaid expenses and Other

 

46,145

 

 

 

 

 

Total Current Assets

 

2,905,788

 

 

 

 

 

Property, Plant, and Equipment

 

2,795

 

Accumulated Depreciation

 

(515

)

Fixed Assets & Computer Software, net

 

2,280

 

Goodwill

 

0

 

Intangible Assets, net

 

458,109

 

Pensions

 

0

 

Deferred Tax Assets

 

0

 

Debt Issuance Costs

 

0

 

Other

 

210,149

 

 

 

 

 

TOTAL ASSETS

 

3,576,325

 

 



 

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

 

In Re:

Chapter 11

SuperMedia LLC

 

Debtor

Reporting Period:_October 1, 2013 to December 31, 2013

 

SuperMedia LLC

Balance Sheet ( $ Thousands )

12/31/2013

 

Liabilities & Stockholders Equity

 

 

 

Current Liabilities:

 

 

 

Debt Maturing within one year

 

517,259

 

 

 

 

 

Accounts Payable - Nonaffiliate

 

3,776

 

Accounts Payable - Affiliate

 

18,495

 

Accounts Payables

 

22,271

 

 

 

 

 

Accrued Payroll

 

3,007

 

Accrued Payroll Taxes

 

0

 

Accrued Vacation

 

1,313

 

Accrued Medical and Other Insurance

 

3,734

 

Additional Employee Compensation Plans

 

20,196

 

Other Accrued Payroll Benefits

 

3,447

 

Accrued Salaries & Wages

 

31,697

 

 

 

 

 

Accrued General Taxes

 

11,546

 

Accrued Income Tax

 

(103,060

)

Unrecognized Tax Ben - Current (FIN48)

 

0

 

Accrued Taxes

 

(91,514

)

 

 

 

 

Accrued Other Liabilities

 

3,788

 

Advanced Billing and Payments

 

6,406

 

Other Curr Liab - Other

 

6,648

 

Accounts Payable and Accrued Liabilities

 

(20,704

)

Accrued Interest - Nonaffiliate

 

0

 

Deferred Revenue

 

44,502

 

Current Deferred Income Taxes

 

57,013

 

 

 

 

 

Total Current Liabilities and Current Maturity

 

598,070

 

 

 

 

 

Long Term Debt

 

0

 

Employee Benefit Obligations

 

59,567

 

Deferred Income Tax Liabilities

 

189,182

 

Unrecognized Tax Ben - Noncurrent (FIN48)

 

0

 

Other Noncurrent Liabilities

 

0

 

 

 

 

 

Stockholder’s Equity (deficit):

 

 

 

Minority Interest

 

0

 

Common Stock

 

3

 

Preferred Stock

 

0

 

Additional Paid-in Capital

 

297,642

 

Retained Earnings

 

2,431,862

 

Accumulated Other Comp Income

 

0

 

 

 

 

 

Total Equity

 

2,729,507

 

 

 

 

 

TOTAL LIABILITIES AND EQUITY

 

3,576,325

 

 


GRAPHIC 3 g47181mmi001.jpg GRAPHIC begin 644 g47181mmi001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P##HHHKZT^* M"BBB@`HHHH`****`"BBB@!,T9]Z(H9IR1#%)*1R0B%L?E6S8:;I:Z2FH:C-< MRR22F..SME`G3L*RG44=S:%*4WH8V1ZT9]ZWQX@O4'DVVC0KIH!#6AM MRX8#J6?&=WOVIDNGZ-?Z1=:CI[W-G);X)MY\.C9ZA7]O>H]M;XE;\?O-'03^ M%_I]QAYHS2_9[C;N\B7;@'.PXYZ4-;W"!BT$JA`"Q*$;0>F?2MN9=S#D?83- M&:&AF0(7BD42?<)4C=]/6K(TRX%LUQ*!`JLRXE!4DA<],>X_.DYQ74:IR?0K M9HHDBEA($L;QEAD;U(R/7FBGS(GE:.M\(:[I>F:9)#=WPAWR;Y$\MU?`SC:Z M=>W!K5T[6M&FM[*^^UW#+IAFGFC,#,VYR<,Q''?K[UYGFKFEZK/I-Z+F`*V5 M*21N,K(AZJP]#7!4PT97DGJSTJ6*<;1:T1Z2=:M="M]+-[J;Q,EL]Q+:)&6^ MT-)DC)Z<$GK55_$FGQ>&[>:(+!!);M!]G>&0AG/WL8(4CWZUQS1^'9I?M7VR MZ@AZM9>5OD!_NJ_3'N>?:JNK:N^IRQA8EM[6W3R[>W0Y$:_U)ZD]ZRCAXMK? MS-I8F44]O+J=-JWB]9-1=+"^?[!;6FRV4(0&EVX!Z9XR>OI5&WU^%)H!OI7+YHS72J$$K'*\14;N=I+KUD99$^UV^Z9W>*9 M%E80-M(1CN^Z><84<<>E11:MI\=K!9W.J27(50KRJK<;I-S8)&<`(OYFN0S1 MFE]7CW']8EV-S7KZ.Z2W2.XCG93(TA1I&PS$=WY/`'MUXHK#S16\$H1LC"C/O3-U&ZBX6'Y E]Z*9NHHN%B/-&:**@T#-&:**`#-&:**`#-&:**`#-%%%`'__V3\_ ` end