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):
September
19, 2008
FRANKLIN
COVEY CO.
(Exact
name of registrant as specified in its charter)
Commission
File No. 1-11107
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Utah
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87-0401551
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|
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(State
or other jurisdiction of incorporation)
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(IRS
Employer Identification Number)
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2200
West Parkway Boulevard
Salt
Lake City, Utah 84119-2099
(Address
of principal executive offices)(Zip Code)
Registrant’s
telephone number, including area code: (801) 817-1776
Former
name or former address, if changed since last report: Not Applicable
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 CFR240.14d-2(b))
[
] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))
Item
7.01 Regulation FD
Disclosure
On
September 19, 2008, Franklin Covey Co. (the Company) announced that it has been
awarded four new training contracts with both private and governmental
organizations that are expected to be worth $4.5 million in new
sales. The Company expects to recognize the revenue from these new
contracts throughout its fiscal year ending August 31, 2009.
The
Company affirms that as a result of its current restructuring activities, and
with reasonable growth from operations, after a restructuring period expected to
last slightly more than one year, it expects to achieve operating income levels
comparable to the period preceding the sale of its Consumer Solutions Business
Unit. Following the successful completion of its recent modified
Dutch Auction tender offer, the Company expects to achieve these comparable
levels of operating income with substantially fewer common shares outstanding,
which would improve the Company’s reported earnings per share in those
periods.
Forward-Looking
Statements
This
report contains forward-looking statements related to, among other things, the
successful delivery of training services, expected future revenue, expected
operating income levels, and the expected number of common shares to be
outstanding. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that forward-looking statements
inherently involve risks and uncertainties that could cause actual results to
differ materially from those contemplated in the forward-looking
statements. Such risks and uncertainties include, but are not limited
to, unanticipated costs or capital expenditures; delays or unanticipated
outcomes relating to the Company’s strategic plans; dependence on existing
products or services; the rate and consumer acceptance of new product
introductions; competition; the number and nature of customers and their product
orders, including changes in the timing or mix of product or training orders;
pricing of the Company’s products and services and those of competitors; adverse
publicity and other factors which may adversely affect the Company’s business;
and the risks and uncertainties outlined in the Company's documents filed with
the SEC, including the Company's most recent annual report on Form 10-K for the
fiscal year ended August 31, 2007 as filed with the SEC. All
forward-looking statements and other information in this report are based upon
information available as of the date of this report. Such information
may change or become invalid after the date of this report, and, by making these
forward-looking statements, the Company undertakes no obligation to update these
statements after the date of this report, except as required by
law.
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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FRANKLIN
COVEY CO.
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Date:
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September 19, 2008
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By:
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/s/ Stephen D. Young
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Stephen D. Young
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Chief Financial
Officer
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