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
Date of Report (Date of earliest event reported) August 26, 2009
NeuStar, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-32548
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52-2141938 |
(State or other jurisdiction
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(Commission
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(IRS Employer |
Of incorporation)
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File Number)
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Identification No.) |
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46000 Center Oak Plaza |
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Sterling, Virginia
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20166 |
(Address of principal executive offices)
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(Zip Code) |
(571) 434-5400
(Registrants telephone number, including area code.)
N/A
(Former name and 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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 2.05. Costs Associated with Exit or Disposal Activities.
On August 26, 2009, NeuStar, Inc. (Neustar or the Company) announced its commitment to continue and extend the
restructuring plan (the Plan), which was previously announced on December 8, 2008, for its NeuStar Next Generation
Messaging (NGM) business segment to more appropriately allocate resources to the Companys key mobile messaging
initiatives. The Plan involves the re-allocation and reduction of resources in the Companys NGM business segment
that do not support the Companys key mobile messaging priorities, including the closure of its facility in Haifa,
Israel. Under the Plan, the Companys NGM business segment will be further reduced by up to 120 employees, in
addition to the reduction of 51 employees in the fourth quarter of 2008. The Company anticipates that the Plan
will be completed by the end of the second quarter of 2010.
In connection with the continuation and extension of the Plan, the Company expects to incur additional
pre-tax cash restructuring charges of approximately $5.5 million to $6.0 million, in addition to the
$1.7 million of restructuring charges the Company already recorded in connection with the Plan in the
fourth quarter of 2008. The Company estimates that these additional costs will consist primarily of
employee severance and related costs of approximately $4.5 million to $5.0 million, and lease and
facilities exit costs at the affected facilities of approximately $1.0 million. The Company expects
to record the foregoing charges beginning in the third quarter of 2009 and through the first half of 2010.
Substantially all of these charges will result in cash expenditures over the same period.
Safe Harbor Statement
Certain information contained in this Current Report on Form 8-K may constitute forward-looking statements for purposes of the
safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including those statements regarding the
expected amounts of charges resulting from the restructuring plan. The Company cannot assure you that its expectations
will be achieved or that any deviations will not be material. Forward-looking statements are subject to many assumptions,
risks, and uncertainties that may cause future results to differ materially than those anticipated, including the risks
and other factors listed in the Companys filings with the Securities and Exchange Commission, including, without limitation,
the Companys Annual Report on Form 10-K for the year ended December 31, 2008 and other subsequent and current
periodic reports. All forward-looking statements are based on information available to the Company as of the
date of this Form 8-K. The Company undertakes no obligation to update any of the forward-looking statements,
including as a result of any new information, future events, changed expectations, or otherwise.