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
 
January 4, 2016
Date of Report (Date of earliest event reported)

 
Viad Corp
(Exact name of registrant as specified in its charter)
 
Delaware	001-11015	36-1169950	
(State or other jurisdiction	(Commission	(IRS Employer	
of incorporation)	File Number)	Identification No.)	
 
1850 North Central Avenue, Suite 1900, Phoenix, Arizona	85004-4565	
(Address of principal executive offices)	(Zip Code)	
 
Registrant’s telephone number, including area code: (602) 207-1000
 
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 8.01 OTHER EVENTS
 
On January 4, 2016, Viad Corp (the “Company”) issued a press release announcing the acquisition of the business of Maligne Tours Ltd. (“Maligne Tours”), which provides interpretive boat tours and related services at Maligne Lake, the largest lake in Jasper National Park. Maligne Tours has seven tour boats operating seasonally from May through October, a marina and day lodge that offers food and beverage and retail services, a historic chalet complex that is available for catered special events and a historic boat house that offers canoes, kayaks and rowboats for rental. The purchase price was approximately $20.9 million Canadian (approximately $15.0 million U.S.) in cash, subject to certain adjustments.
 
The press release, which is attached hereto as Exhibit 99 and incorporated by reference herein, contains forward-looking statements regarding the Company and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
 
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
 
(d) Exhibits
 
99 – Press release dated January 4, 2016.
 
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 thereunto duly authorized.
 
 	 	Viad Corp	
 	 	(Registrant)	
 	 	 	
January 5, 2016	By:	/s/ Leslie S. Striedel	
 	 	Leslie S. Striedel	
 	 	Chief Accounting Officer	

 

Viad Corp Acquires Jasper National Park Based Attraction

Expands Travel & Recreation Portfolio with Acquisition of the Maligne Tours Ltd. Business
PHOENIX and BANFF, Alberta, Jan. 4, 2016 /PRNewswire/ -- Viad Corp (NYSE:VVI) today announced that it acquired the Maligne Tours Ltd. business ("Maligne Tours"), which provides interpretive boat tours and related services at Maligne Lake in Jasper National Park. Maligne is the largest lake in Jasper National Park and is widely noted for its scenic splendor, vivid water color and views of three glaciers and Spirit Island.

Steve Moster, Viad's president and chief executive officer, said, "This acquisition represents continued progress against our Refresh, Build, Buy strategy to add scale to our portfolio of experiential tourism businesses through the addition of iconic and high-margin assets. Maligne Tours is a world-class asset and a natural fit with our existing Jasper and Banff-based businesses, offering cross-selling opportunities and operational synergies in a geography and service line that we know well. Our existing attractions include the Glacier Adventure and Glacier Skywalk in Jasper National Park and the Banff Gondola and Banff Lake Cruise in Banff National Park."
Maligne Tours has seven tour boats operating seasonally from May through October and welcomed approximately 75,000 guests last year. The business also includes a marina and day lodge that offer food and beverage and retail services, a historic chalet complex that is available for catered special events, and a historic boat house that offers canoes, kayaks and rowboats for rental.
The acquisition closed on January 4, 2016, was within Viad's stated target valuation range and is expected to be accretive to 2016 earnings.
About Viad
 Viad is an S&P SmallCap 600 company. Viad operates through its Marketing & Events Group, composed of Global Experience Specialists and affiliates, and its Travel & Recreation Group, composed of Brewster Travel Canada, Glacier Park, Inc. and Alaska Denali Travel. For more information about Viad and its Travel & Recreation Group, visit the company's website at www.viad.com.
Forward-Looking Statements
As provided by the safe harbor provision under the Private Securities Litigation Reform Act of 1995, Viad cautions readers that, in addition to historical information contained herein, this press release includes certain information, assumptions and discussions that may constitute forward-looking statements. These forward-looking statements are not historical facts, but reflect current estimates, projections, expectations, or trends concerning future growth, operating cash flows, availability of short-term borrowings, consumer demand, new or renewal business, investment policies, productivity improvements, ongoing cost reduction efforts, efficiency, competitiveness, legal expenses, tax rates and other tax matters, foreign exchange rates, and the realization of restructuring cost savings. Actual results could differ materially from those discussed in the forward-looking statements. Viad's businesses can be affected by a host of risks and uncertainties. Among other things, natural disasters, gains and losses of customers, consumer demand patterns, labor relations, purchasing decisions related to customer demand for exhibition and event services, existing and new competition, industry alliances, consolidation and growth patterns within the industries in which Viad competes, acquisitions, capital allocations, adverse developments in liabilities associated with discontinued operations and any deterioration in the economy, may individually or in combination impact future results. In addition to factors mentioned elsewhere, economic, competitive, governmental, technological, capital marketplace and other factors, including terrorist activities or war, a pandemic health crisis and international conditions, could affect the forward-looking statements in this press release. Additional information concerning business and other risk factors that could cause actual results to materially differ from those in the forward-looking statements can be found in Viad's annual and quarterly reports filed with the Securities and Exchange Commission.
Information about Viad Corp obtained from sources other than the company may be out-of-date or incorrect. Please rely only on company press releases, SEC filings and other information provided by the company, keeping in mind that forward-looking statements speak only as of the date made. Viad undertakes no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect events or circumstances arising after the date as of which the forward-looking statements were made.
Contact:
Carrie J. Long
Investor Relations
(602) 207-2681
ir@viad.com
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