(Edgar Glimpses Via Acquire Media NewsEdge) Item 2.02. Results of Operations and Financial Condition.
On February 3, 2014, we issued a press release announcing our financial results
for the fourth quarter and year ended December 31, 2013. We subsequently issued,
on such date, a corrective release with respect to our disclosure of fourth
quarter 2013 non-core gains and charges. A copy of the corrective press release
is attached as Exhibit 99.1 to this Current Report on Form 8-K/A and is
incorporated by reference in this Item 2.02.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Certain Officers; Compensatory Arrangements of Certain Officers.
On February 3, 2014, we issued a press release announcing management changes
resulting in a simplified organizational structure that includes six direct
reports to our President and CEO, Robert Carrigan, each of whom has global
responsibilities as follows:
• Josh Peirez, age 43, has been promoted to Chief Operating Officer,
effective February 4, 2014, and will lead our new Global Operating Team,
which includes Content, Product, Technology, Alliances, Strategy, and
Mergers & Acquisitions, as well as the Worldwide Partner network.
Technology will continue to be led by Chief Information Officer Bruce
Sink. Mr. Peirez has served as President, Global Product, Marketing and
Innovation since June 2011. He previously served as President, Innovation
and Chief Marketing Officer from September 2010 to May 2011. Before
joining D&B, Mr. Peirez spent 10 years with MasterCard, most recently as
Chief Innovation Officer for MasterCard Worldwide;
• Mark Geneste has been promoted to Chief Sales Officer, following our
elimination of the separate roles of President, North America and
President, International, effective February 4, 2014. Mr. Geneste will
lead the Company's new Global Sales and Service team. Mr. Geneste joined
D&B in August, 2013, and since that time has served as a member of our
European Leadership Team and as the leader of our European sales
organization. In this role, Mr. Geneste has been responsible for the
leadership of our sales team members across a number of European countries
and for the creation and implementation of a customer focused European
strategy to drive sustained sales and revenue growth across Europe. Mark
came to D&B with extensive experience over several years in sales
leadership, having successfully managed international businesses for
Thomson Reuters in The Netherlands, Switzerland, the U.K, and the U.S.;
• Rishi Dave will join D&B as Chief Marketing Officer effective February 24,
2014. Mr. Dave joins D&B from Dell Inc.;
• John Reid-Dodick joins D&B as Chief People Officer effective February 4,
2014. Mr. Reid-Dodick was most recently with AOL Inc.;
• Rich Veldran will continue his position as Chief Financial Officer; and,
• Chris Hill will continue her position as Chief Legal Officer.
Emanuele Conti, who currently serves as President, North America, notified us
that he has been offered another professional opportunity and will be leaving
D&B during the first quarter of 2014. In connection with his support of North
America's business performance during the first quarter, Mr. Conti will receive
a special cash bonus in the amount of $120,000, in addition to standard payments
made to team members exiting the business.
On February 3, 2014 we issued a press release announcing that the Company's
President and Chief Executive Officer, Mr. Robert Carrigan, will be discussing
the Company's strategic outlook and 2014 full-year financial guidance on an
earnings teleconference scheduled for Tuesday, February 4, 2014, at 8:00 a.m.
(Eastern Time), which may be accessed live beginning at 8:00 a.m. through the
Company's Investor Relations' Web site at http://investor.dnb.com. We
subsequently issued, on such date, a corrective release with respect to our
disclosure of fourth quarter 2013 non-core gains and charges. A copy of the
corrective press release is attached as Exhibit 99.1 to this Current Report on
Form 8-K/A and is incorporated by reference in this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
99.1 Corrective Press Release of The Dun & Bradstreet Corporation,
dated February 3, 2014
(furnished pursuant to Item 2.02 and Item 7.01).