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) February 19, 2013
Digital Generation, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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0-27644 |
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94-3140772 |
(State or other jurisdiction of |
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(Commission |
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(IRS Employer |
incorporation) |
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File Number) |
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Identification No.) |
750 West John Carpenter Freeway, Suite 700 |
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75039 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (972) 581-2000
N/A
(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. below):
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 8.01 Other Events.
On February 19, 2013, Digital Generation, Inc. (the Company) announced the results of the review of the Companys strategic alternatives by a Special Committee of the Companys Board of Directors. The information contained in Item 8.01 and the full text of the press release issued in connection with the announcement is deemed furnished and not filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
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Description of Exhibit |
99.1 |
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Press Release. |
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.
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DIGITAL GENERATION, INC. | |
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Date: February 19, 2013 |
By: |
/s/ Sean N. Markowitz | |
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Name: |
Sean N. Markowitz |
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Title: |
General Counsel |
Exhibit 99.1
FOR IMMEDIATE RELEASE
DIGITAL GENERATION ANNOUNCES CONCLUSION OF
SPECIAL COMMITTEE REVIEW OF STRATEGIC ALTERNATIVES
DALLAS, TXFebruary 19, 2013DG (NASDAQ: DGIT), the worlds leading ad management and distribution platform, today announced the results of the review of DGs strategic alternatives by a Special Committee of DGs Board of Directors.
Since August 2012, the Special Committee has explored numerous strategic alternatives available to the Company, including a sale of all or parts of the business, a spin-off and split-off of parts of the business, capital structure alternatives, and potential merger combinations. As part of its active review, the Special Committee and its financial advisor, Goldman Sachs, engaged with over 45 potential financial and strategic partners (including competitors of the Company) to determine their levels of interest in a strategic transaction involving the Company. None of the parties contacted by the Special Committee presented a definitive transaction for final approval by the Special Committee. The Special Committee is not recommending any transaction or other strategic alternative to the Board. Accordingly, the Special Committee has advised the Board that its review of strategic alternatives has concluded.
The Special Committee believes substantial benefit was derived from the strategic alternatives process and will advise the Board on potential actions to enhance the value of our business for our shareholders.
About DG
DG connects over 11,000 global advertisers and agencies with their targeted audiences through an expansive network of over 6,000 television broadcast stations and over 11,500 web publishers in 75 countries. The Companys television division utilizes best-in-class network and content management technologies, creative and production resources, digital asset management and syndication services that enable advertisers and agencies to work faster, smarter and more competitively. The Companys online division, MediaMind, allows marketers to benefit from optimized management of online advertising campaigns while maximizing data driven advertising. For more information, visit www.DGit.com.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties, including risks discussed under the heading Risk Factors in DGs Annual Report on form 10-K filed on February 29, 2012 and additional reports DG files with the Securities and Exchange Commission.
Contacts:
Media:
Andy Brimmer / Jamie Moser / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Investors:
Dan Burch / Laurie Connell
MacKenzie Partners, Inc.
(212) 929-5500