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EX-99.1 - EX-99.1 - UTi WORLDWIDE INC | c14585exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 24, 2011
UTi Worldwide Inc.
(Exact name of registrant as specified in its charter)
British Virgin Islands | 000-31869 | N/A | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
9 Columbus Centre, Pelican Drive Road Town, Tortola c/o UTi, Services, Inc. 100 Oceangate, Suite 1500 British Virgin Islands Long Beach, CA USA |
90802 |
|
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: 562.552.9400
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:
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)) |
UTi Worldwide Inc.
Current Report on Form 8-K
March 24, 2011
March 24, 2011
Item 2.02. Results of Operations and Financial Condition
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02,
including Exhibit 99.1, shall not be deemed to be filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the
liabilities of that section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of 1933, as amended (the Securities
Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such
filing.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit | Description | |||
99.1 | Earnings News Release dated March 24, 2011 |
Safe Harbor Statement
Certain statements in this news release may be deemed to be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company intends that all such
statements be subject to the safe-harbor provisions contained in those sections. Such forward-looking statements may
include, but are not limited to, the companys discussion of estimated growth in fiscal 2012 and the relative softness
in anticipated growth in the first half of the year, the impact of macro-related conditions on the first quarter of fiscal
2012, the companys target of growing ahead of the market, the dynamics of supply and demand and their impact on yield
stability, the companys strategy for achieving long-term growth and sustainable margin improvement, the timing and
anticipated impact of various actions aimed at simplifying the companys organizational structure, including the expected
severance and related costs arising therefrom, the amount and timing of charges relating to the companys new financial
system, the outlook for the future and other statements not of an historical nature. Many important factors may cause the
companys actual results to differ materially from those discussed in any such forward-looking statements, including but
not limited to the economic volatility that has materially impacted trade volumes, transportation capacity, pricing
dynamics and overall margins; the financial condition of many of the companys customers; planned or unplanned consequences
of the companys sales initiatives, procurement initiatives and business transformation efforts; the demand for the
companys services; the impact and related costs associated with reorganization efforts and/or cost reduction measures
undertaken by the company; increased competition; the impact of volatile fuel costs and changes in foreign exchange rates;
changes in the companys effective tax rates; industry consolidation making it more difficult to compete against larger
companies; general economic, political and market conditions, including those in Africa, Asia and EMENA; work stoppages
or slowdowns or other material interruptions in transportation services; risks of international operations; risks
associated with, and costs and expenses the company will incur as a result of, the ongoing publicly announced
U.S. Department of Justice and other governmental investigations into the pricing practices of the air cargo transportation
industry and other similar or related investigations and lawsuits; disruptions caused by epidemics, natural disasters,
conflicts, wars and terrorism; and the other risks and uncertainties described in Risk Factors and Forward-looking
Statements in the companys Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and described in the companys
other filings with the Securities and Exchange Commission. Although UTi believes that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, the company
cannot assure the reader that the results contemplated in forward-looking statements will be realized in the timeframe
anticipated or at all. In light of the significant uncertainties inherent in the forward-looking information included
herein, the inclusion of such information should not be regarded as a representation by UTi or any other person that
UTis objectives or plans will be achieved. Accordingly, investors are cautioned not to place undue reliance on the
companys forward-looking statements. UTi undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as required by law.
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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.
UTi Worldwide Inc. |
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Date: March 24, 2011 | By: | /s/ Lawrence R. Samuels | ||
Lawrence R. Samuels | ||||
Executive Vice President - Finance and Chief Financial Officer |
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