0000078814false00000788142021-05-212021-05-210000078814us-gaap:CommonStockMember2021-05-212021-05-210000078814pbi:A6.70Notesdue2043Member2021-05-212021-05-21

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

May 21, 2021
Date of Report (Date of earliest event reported)

Pitney Bowes Inc.
(Exact name of registrant as specified in its charter)

Delaware			1-3579			06-0495050
(State or other jurisdiction of incorporation or organization)			(Commission file number)			(I.R.S. Employer Identification No.)

Address:

3001 Summer Street,

Stamford,

Connecticut

06926

Telephone Number:

(203)

356-5000

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 (see General Instruction A.2. below):

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, $1 par value per share

PBI

New York Stock Exchange

6.70% Notes due 2043

PBI.PRB

New York Stock Exchange

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 Securities Act. ☐

---

ITEM 7.01 REGULATION FD DISCLOSURE

On May 21, 2021, the Company, through a wholly owned subsidiary, entered into an agreement with Grid Dynamics Holdings, Inc. to sell its Tacit Knowledge business (“Tacit”). Tacit, a United Kingdom based software consultancy company specializing in digital commerce solutions, was bought as part of the Company’s acquisition of Newgistics in 2017 and has operated largely independently from the Company’s other lines of business. The Company expects to record a gain from the transaction but does not believe the transaction is material to the Company’s operations. The gain will be included in GAAP earnings per share, but it will be excluded from adjusted earnings per share as this measure excludes gains and losses from dispositions. The transaction is expected to close in the second quarter.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Number						Description
(104)						The cover page Pitney Bowes, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

			Pitney Bowes Inc.
			By:			/s/ Daniel Goldstein
			Name: Daniel Goldstein
Date: May 24, 2021			Title: Executive Vice President, Chief Legal Officer and Corporate Secretary