8-K

 

 

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 16, 2018

 

 

ZIX CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Texas   0-17995   75-2216818
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

2711 North Haskell Avenue

Suite 2200, LB 36

Dallas, Texas 75204-2960

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (214) 370-2000

Not Applicable

(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:

 

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

 

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

 

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

 

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

 

 

 


Item 8.01 Other Events.

On January 16, 2018, Zix Corporation issued a press release to (i) announce its conference call and webcast to discuss the company’s financial results for the fourth quarter and full-year 2017 on Thursday, February 22, 2018 and (ii) to discuss the potential financial impact related to the recent change in the U.S. tax laws. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

  

Description

99.1    Press Release, dated January 16, 2018, titled “Zix to Announce Fourth Quarter and Full Year 2017 Results on February 22”.


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.

 

   

ZIX CORPORATION

  (Registrant)

Date: January 16, 2018     By:   /s/ David E. Rockvam
      David E. Rockvam
      Vice President and Chief Financial Officer
EX-99.1

Exhibit 99.1

 

LOGO     Press Release | For Distribution

 

 

Zix to Announce Fourth Quarter and Full-Year 2017 Results on February 22

DALLAS — January 16, 2018 — Zix Corporation (Zix), (Nasdaq: ZIXI), a leader in email security, will host a conference call and webcast to discuss the company’s financial results for the fourth quarter and full-year 2017 on Thursday, February 22, 2018, at 5:00 p.m. ET. Zix’s financial results will be available on its investor relations Web site at http://investor.zixcorp.com and announced in a press release after the close of NASDAQ market hours on February 22, 2018.

All interested parties are invited to hear Dave Wagner, Zix’s Chief Executive Officer, and Dave Rockvam, Zix’s Chief Financial Officer, review the company’s financial results, 2017 business highlights, priorities for 2018 and the potential financial impact of the recently enacted U.S. tax reform legislation.

This change in U.S. tax law (effective January 1, 2018) will impact Zix’s fourth quarter 2017 financial results as a result of a required re-measurement of our deferred tax asset to reflect the future effect of the lower corporate income tax rate. Although the re-measurement is not complete, Zix expects the reduction in the U.S. corporate income tax rate from 35% to 21% to result in a one-time, non-cash charge to our GAAP earnings to be between $13 million and $18 million. Over the long term, however, Zix expects the impact to be generally favorable. More information will be provided in the company’s February 22, 2018, press release and annual report on Form 10-K for the year ended December 31, 2017.

To access the conference call, please dial 1-855-853-6940 (U.S. toll-free) or 1-720-634-2906 (international) at least 15 minutes before the call. The access code is 7979588. Participants can access a live webcast of the conference call on Zix’s investor relations Web site. Please visit the Web site at least 15 minutes early to register, download and install any necessary audio software.

An audio replay will be offered for seven days, by dialing 1-855-859-2056 (U.S. toll-free) or 1-404-537-3406 (international) and entering the access code 7979588. An archive of the webcast will also be available on the Zix investor relations Web site.

About Zix Corporation

Zix Corporation (Zix) is a leader in email security. Trusted by the nation’s most influential institutions in healthcare, finance and government, Zix delivers a superior experience and easy-to-use solutions for email encryption and data loss prevention, advanced threat protection, archiving and bring your own device (BYOD) mobile security. Focusing on the protection of business communication, Zix enables its customers to better secure data and meet compliance needs. Zix is publicly traded on the Nasdaq Global Market under the symbol ZIXI. For more information, visit zixcorp.com.

 

LOGO     www.zixcorp.com


 

LOGO     Press Release | For Distribution

 

 

 

Statements in this release that are not purely historical facts or that necessarily depend upon future events, including statements about the potential impact of changes in US tax law on our financial results, the potential impact of the mandatory re-measurement of our deferred tax assets that has not yet been completed, and our expected future income tax rate, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to Zix on the date this release was issued. Zix undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to market acceptance of new Zix solutions and how privacy and data security laws may affect demand for Zix email data protection solutions. Zix may not succeed in addressing these and other risks. Further information regarding factors that could affect Zix financial and other results can be found in the risk factors section of Zix’s most recent filing on Form 10-K with the Securities and Exchange Commission.

###

 

Zix Company Contact

Taylor Johnson

(214) 370-2134

tjohnson@zixcorp.com

 

Zix Investor Contact

Matt Glover and Najim Mostamand, CFA

Liolios Group, Inc.

(949) 574-3860

ZIXI@liolios.com

 

 

LOGO     www.zixcorp.com