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): October 2, 2012
OFFICIAL PAYMENTS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or Other Jurisdiction of Incorporation) |
001-33475
(Commission File Number) |
94-3145844
(IRS Employer Identification No.) |
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3550 Engineering Drive, Suite 400
Norcross, Georgia
(Address of Principal Executive Offices) |
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30092
(Zip Code) |
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Registrant's telephone number, including area code: (770) 325-3100
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communication pursuant to Rule 425 under the Securities act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement.
On October 2, 2012, Official Payments Corporation, a wholly owned subsidiary of Official Payments Holdings, Inc. (together with Official Payments Corporation, the "Company"), entered into two amendments (collectively the "Amendment") to the Solicitation/Contract/Order for Commercial Items dated April 3, 2009 (the "IRS Agreement") between the Internal Revenue Service (the "IRS") and Official Payments Corporation.
Pursuant to the Amendment, the IRS exercised its option to extend the term of the IRS Agreement for an additional one year period, beginning January 1, 2013 and ending on December 31, 2013. In addition, the Amendment specified the fees to be charged to taxpayers for use of the Company's services in 2013.
Pursuant to the IRS Agreement, as amended by the Amendment, the Company will provide an automated interactive voice response, or IVR, system and two websites for processing federal tax payments in 2013, as the Company did in 2012. As discussed in more detail in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2011, and in subsequent quarterly reports on Form 10-Q, the Company's revenue from the IRS Agreement, as amended, will depend on multiple factors, including: whether taxpayers choose to pay their taxes using the Company's services or the services of the Company's competitors; if taxpayers choose to use the Company's services, whether taxpayers choose to pay by IVR or the web, and if by the web, which of the two websites taxpayers choose to use; whether taxpayers choose to pay by debit card, credit card, or some other means, and which card or means taxpayers choose to use; the fees to be charged to taxpayers for use of the Company's services; and the amount of taxes paid.
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 hereunto duly authorized.
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OFFICIAL PAYMENTS HOLDINGS, INC.
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By:
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/s/ Alex P. Hart
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Name:
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Alex P. Hart
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Title:
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President and Chief Executive Officer
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Date: October 2, 2012
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