Western Union Highlights Strategic Initiatives at 2013 Annual Stockholders' Meeting
30 5월 2013 - 10:43PM
Business Wire
The Western Union Company (NYSE: WU) held its Annual Meeting
today and reiterated its strategy while emphasizing its commitment
to expanding and evolving the business.
The Company also announced that its board of directors declared
a quarterly cash dividend of $0.125 per common share, payable June
28, 2013 to stockholders of record at the close of business on June
14, 2013.
Approximately 87 percent of the shares entitled to vote were
represented at the stockholders’ meeting in person or proxy. All
voting results are preliminary. Stockholders voted to re-elect
Dinyar S. Devitre, Betsy D. Holden and Wulf von Schimmelmann, and
to elect Solomon D. Trujillo as members of the board of directors.
The elected directors will serve new one-year terms.
Stockholders also voted to approve: (1) on an advisory basis,
the compensation of the Company’s named executive officers, as set
forth in the Company’s proxy statement for the 2013 Annual Meeting;
(2) the appointment of Ernst & Young LLP as the Company’s
independent registered public accounting firm for 2013; and (3)
amendments to the Company’s Amended and Restated Certificate of
Incorporation to provide stockholders with the right to call
special meetings of stockholders.
In addition, stockholders voted against a stockholder proposal
regarding political contributions.
“Western Union meets the needs of consumers and businesses alike
by bridging gaps in the financial services sector,” said President
and CEO Hikmet Ersek. “This year we are focusing on strengthening
our consumer money-transfer business, increasing customers and
usage in business-to-business, and generating and deploying strong
cash flow for our shareholders.”
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of approximately
515,000 agent locations in 200 countries and territories and
approximately 100,000 ATMs. In 2012, The Western Union Company
completed 231 million consumer-to-consumer transactions worldwide,
moving $79 billion of principal between consumers, and 432 million
business payments. For more information, visit
www.westernunion.com.
Safe Harbor Compliance Statement for Forward-Looking
Statements
This press release contains certain statements that are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Actual outcomes and
results may differ materially from those expressed in, or implied
by, our forward-looking statements. Words such as “expects,”
“intends,” “anticipates,” “believes,” “estimates,” “guides,”
“provides guidance,” “provides outlook” and other similar
expressions or future or conditional verbs such as “will,”
“should,” “would” and “could” are intended to identify such
forward-looking statements. Readers of this press release by The
Western Union Company (the “Company,” “Western Union,” “we,” “our”
or “us”) should not rely solely on the forward-looking statements
and should consider all uncertainties and risks discussed in the
“Risk Factors” section and throughout the Annual Report on Form
10-K for the year ended December 31, 2012 and our other filings
with the United States Securities and Exchange Commission. The
statements are only as of the date they are made, and the Company
undertakes no obligation to update any forward-looking
statement.
Possible events or factors that could cause results or
performance to differ materially from those expressed in our
forward-looking statements include the following: (i) events
related to our business and industry, such as: deterioration in
consumers' and clients' confidence in our business, or in money
transfer and payment service providers generally; changes in
general economic conditions and economic conditions in the regions
and industries in which we operate, including global economic and
trade downturns and financial market disruptions; political
conditions and related actions in the United States and abroad
which may adversely affect our business and economic conditions as
a whole; failure to compete effectively in the money transfer and
payment service industry with respect to global and niche or
corridor money transfer providers, banks and other money transfer
and payment service providers, including telecommunications
providers, card associations, card-based payment providers and
electronic and Internet providers; the pricing of our services and
any pricing reductions, and their impact on our consumers and our
financial results; our ability to adapt technology in response to
changing industry and consumer needs or trends; our failure to
develop and introduce new services and enhancements, and gain
market acceptance of such services; changes in, and failure to
manage effectively, exposure to foreign exchange rates, including
the impact of the regulation of foreign exchange spreads on money
transfers and payment transactions; interruptions of United States
government relations with countries in which we have or are
implementing significant business relationships with agents or
clients; changes in immigration laws, interruptions in immigration
patterns and other factors related to migrants; mergers,
acquisitions and integration of acquired businesses and
technologies into our Company, including Travelex Global Business
Payments, and the realization of anticipated financial benefits
from these acquisitions, and events requiring us to write down our
goodwill; decisions to change our business mix; failure to manage
credit and fraud risks presented by our agents, clients and
consumers or non-performance by our banks, lenders, other financial
services providers or insurers; adverse movements and volatility in
capital markets and other events which affect our liquidity, the
liquidity of our agents or clients, or the value of, or our ability
to recover our investments or amounts payable to us; any material
breach of security or safeguards of or interruptions in any of our
systems; our ability to attract and retain qualified key employees
and to manage our workforce successfully; our ability to maintain
our agent network and business relationships under terms consistent
with or more advantageous to us than those currently in place;
adverse rating actions by credit rating agencies; our ability to
realize the anticipated benefits from productivity and cost-savings
and other related initiatives, which may include decisions to
downsize or to transition operating activities from one location to
another, and to minimize any disruptions in our workforce that may
result from those initiatives; our ability to protect our brands
and our other intellectual property rights; our failure to manage
the potential both for patent protection and patent liability in
the context of a rapidly developing legal framework for
intellectual property protection; changes in tax laws and
unfavorable resolution of tax contingencies; cessation of or
defects in various services provided to us by third-party vendors;
material changes in the market value or liquidity of securities
that we hold; restrictions imposed by our debt obligations;
significantly slower growth or declines in the money transfer,
payment service, and other markets in which we operate; and changes
in industry standards affecting our business; (ii) events related
to our regulatory and litigation environment, such as: the failure
by us, our agents or their subagents to comply with laws and
regulations, including regulatory or judicial interpretations
thereof, designed to detect and prevent money laundering, terrorist
financing, fraud and other illicit activity, and increased costs or
loss of business associated with compliance with those laws and
regulations; changes in United States or foreign laws, rules and
regulations including the Internal Revenue Code, governmental or
judicial interpretations thereof and industry practices and
standards, including the impact of the Foreign Account Tax
Compliance provisions of the Hiring Incentives to Restore
Employment Act; liabilities resulting from a failure of our agents
or their subagents to comply with laws and regulations; increased
costs or loss of business due to regulatory initiatives and changes
in laws, regulations and industry practices and standards affecting
us, our agents, or their subagents; liabilities and unanticipated
developments resulting from governmental investigations and consent
agreements with, or enforcement actions by, regulators, including
those associated with compliance with, failure to comply with, or
extension of, the settlement agreement with the State of Arizona;
the impact on our business from the Dodd-Frank Wall Street Reform
and Consumer Protection Act, the rules promulgated there-under, and
the actions of the Consumer Financial Protection Bureau;
liabilities resulting from litigation, including class-action
lawsuits and similar matters, including costs, expenses,
settlements and judgments; failure to comply with regulations
regarding consumer privacy and data use and security; effects of
unclaimed property laws; failure to maintain sufficient amounts or
types of regulatory capital to meet the changing requirements of
our regulators worldwide; and changes in accounting standards,
rules and interpretations; and (iii) other events, such as: adverse
tax consequences from our spin-off from First Data Corporation;
catastrophic events; and management's ability to identify and
manage these and other risks.
WU-F, WU-G
Western Union (NYSE:WU)
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Western Union (NYSE:WU)
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