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): October 26, 2005
DIGITAL RIVER, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-24643 41-1901640
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
9625 West 76th Street, Suite 150, Eden Prairie, Minnesota 55344
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): (952) 253-1234
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))
Item 2.02. Results of Operations and Financial Condition.
On October 26, 2005, Digital River, Inc., a Delaware corporation ("Digital
River"), issued a press release announcing its financial results for the
three-month and nine-month periods ended September 30, 2005, and certain other
information. A copy of the press release is furnished as Exhibit 99.1 hereto.
The press release includes "safe harbor" language indicating that certain
statements about Digital River's business and other matters contained in the
press release are "forward-looking" rather than "historic." The press release
also states that a more thorough discussion of certain factors which may affect
Digital River's operating results is included, among other sections, under the
captions "Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in Digital River's Annual Report on Form
10-K for the year ended December 31, 2004, and Digital River's other public
filings with the SEC available at the SEC's Web site (http://www.sec.gov).
The attached press release contains certain non-GAAP financial measures. For
purposes of Regulation G, a non-GAAP financial measure is a numerical measure of
a company's performance, financial position, or cash flows that either excludes
or includes amounts that are not normally excluded or included in the most
directly comparable measure calculated and presented in accordance with GAAP. To
supplement our consolidated financial statements presented in accordance with
GAAP, Digital River has supplied non-GAAP measures of net income and earnings
per share, which are adjusted from results based on GAAP to primarily exclude
certain expenses as well as the impact of EITF 04-08. We believe that these
non-GAAP measures provide useful information to both management and investors by
excluding certain expenses that may not be indicative of our core operating
results. In addition, because we have historically reported certain non-GAAP
results to investors, we believe the inclusion of non-GAAP results provides
consistency in our financial reporting. These measures should be considered in
addition to results prepared in accordance with GAAP, but are not a substitute
for or superior to GAAP results. The non-GAAP measures included in the attached
press release have been reconciled to the nearest GAAP measure. As used herein,
"GAAP" refers to accounting principles generally accepted in the United States.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
The following exhibit is furnished with this report:
99.1 Press release dated October 26, 2005, announcing Digital River's financial
results for the three-month and nine-month periods ended September 30, 2005, and
certain other information.
SIGNATURE
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.
DIGITAL RIVER, INC.
By: /s/ Thomas Donnelly
-----------------------
Name: Thomas Donnelly
Title: Chief Financial Officer
Date: October 26, 2005
Exhibit Index
Exhibit No. Description
----------- -----------
99.1 Press release dated October 26, 2005, announcing Digital
River's financial results for the three-month and
nine-month periods ended September 30, 2005, and certain
other information.