FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
NIC INC.
(Exact name of registrant as specified in its charter)
Colorado 000-26621 52-2077581
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On April 28, 2005, NIC Inc. issued a press release announcing that it will postpone its first quarter 2005 earnings announcement and conference call in order to allow additional time for the Company to address a change in management approach in the California Secretary of State software and services engagement. A copy of the press release is furnished to the United States Securities and Exchange Commission with this report on Form 8-K as Exhibit 99.
ITEM 7.01 REGULATION FD DISCLOSURE
On April 28, 2005, NIC Inc. issued a press release announcing that it will postpone its first quarter 2005 earnings announcement and conference call in order to allow additional time for the Company to address a change in management approach in the California Secretary of State software and services engagement. A copy of the press release is furnished to the United States Securities and Exchange Commission with this report on Form 8-K as Exhibit 99.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 - Press release issued by NIC Inc. dated April 28, 2005, announcing that it will postpone its first quarter 2005 earnings announcement and conference call in order to allow additional time for the Company to address a change in management approach in the California Secretary of State software and services engagement, furnished solely for purposes of incorporation by reference to Items 2.02 and 7.01 herein.
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.
NIC Inc.
Date: April 28, 2005 /s/ Stephen M. Kovzan
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Stephen M. Kovzan
Vice President, Financial Operations
Chief Accounting Officer
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Exhibit 99
NIC to Postpone its First Quarter 2005 Earnings Announcement and Investor Conference Call
OLATHE, Kan.--(BUSINESS WIRE)--April 28, 2005--NIC Inc.
(Nasdaq:EGOV) today announced that it will postpone its first quarter
2005 earnings announcement and conference call in order to allow
additional time for the Company to address a change in management
approach in its California Secretary of State software and services
engagement.
"Following an internal assessment of our California Secretary of
State contract earlier this week, we are making changes to the
management structure of this project," said Jeff Fraser, NIC's Chief
Executive Officer. "We are currently reviewing the financial impact of
these changes and will proceed with our first quarter earnings
announcement once a final decision has been reached."
Components of the portal financial statements are not subject to
change and indicate healthy growth in the first quarter. Portal
revenues for the first quarter were a record $13.7 million, a 12
percent increase over the prior year quarter. On a same state basis,
portal revenues grew 16 percent in the first quarter. NIC's online
income tax filings, criminal background checks, and hunting and
fishing licenses performed well in the first quarter, helping same
state revenues from non-driver record exchange (non-DMV) services to
rise 39 percent. During the same period, same state DMV revenues grew
10 percent over first quarter 2004.
About NIC
NIC manages more eGovernment services than any provider in the world. The company is helping governments communicate more effectively with citizens and businesses by putting essential services online. NIC provides eGovernment solutions for 2,000 state and local agencies that serve more than 55 million people in the United States. Additional company information is available at www.nicusa.com.
The statements in this release regarding continued implementation of NIC's business model and its development of new products and services are forward-looking statements. There are a number of important factors that could cause actual results to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the success of the Company in signing contracts with new states and government agencies, including continued favorable government legislation; NIC's ability to develop new services; existing states and agencies adopting those new services; acceptance of eGovernment services by businesses and citizens; competition; and general economic conditions and the other important cautionary statements and risk factors described in NIC's 2004 Annual Report on Form 10-K/A filed on March 16, 2005, with the Securities and Exchange Commission.
CONTACT: NIC Inc.
Chris Neff, 435-645-8898
cneff@nicusa.com