SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 7, 2021
THE GEO GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction
|4955 Technology Way, Boca Raton, Florida||33431|
|(Address of Principal Executive Offices)||(Zip Code)|
Registrant’s telephone number, including area code (561) 893-0101
(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 Instructions 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
Name of each exchange
on which registered
|Common Stock, $0.01 Par Value||GEO||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 Exchange Act. ☐
Section 2 – Financial Information
Results of Operations and Financial Condition
On April 7, 2021, The GEO Group, Inc. (“GEO” or the “Company”) issued a press release providing certain financial information as of March 31, 2021, including the amount of cash on hand and borrowing capacity under the Company’s revolving credit facility.
A copy of the press release is furnished hereto as Exhibit 99.1. The information set forth in Item 2.02 in this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information set forth in Item 2.02 in this Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as set forth by specific reference herein or in such filing.
Section 8 – Other Events
On April 7, 2021, the Company announced that it is immediately suspending the Company’s quarterly dividend payments. The Company currently intends to maintain its corporate tax structure as a Real Estate Investment Trust (“REIT”), but the Board of Directors has determined to undertake an evaluation of GEO’s structure as a REIT.
Section 9 – Financial Statements and Exhibits
Financial Statements and Exhibits.
|99.1||Press Release, dated April 7, 2021.|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
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.
|THE GEO GROUP, INC.|
|April 13, 2021||By:|
/s/ Brian R. Evans
|Date||Brian R. Evans|
|Senior Vice President and Chief Financial Officer|
|(Principal Financial Officer)|