Moneygram International 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 2012
MoneyGram International, Inc.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (214) 999-7552
(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:
Item 1.01 Entry into a Material Definitive Agreement.
MoneyGram Payment Systems, Inc. (MPSI), a subsidiary of MoneyGram International, Inc. (the Company), and Wal-Mart Stores, Inc. (Wal-Mart) are party to that certain Money Services Agreement, effective February 1, 2005, as amended (the Agreement). Pursuant to the terms of the Agreement, the Agreement may be terminated by either party on January 31, 2013 (the Termination Date) upon at least 180 days notice to the other party.
The parties have been discussing the continued provision of MPSIs products and services to be offered in Wal-Mart stores. To date, neither party has given notice of its intent to terminate the Agreement on the Termination Date.
In order to continue discussing a possible extension of the Agreement or a new agreement, and based upon the approaching 180-day deadline for providing termination notice, on July 27, 2012, MPSI and Wal-Mart entered into an amendment to the Agreement (the Amendment), pursuant to which the parties have agreed to extend the Termination Date from January 31, 2013 to March 31, 2013. As a result, the Agreement, as amended by the Amendment, may now be terminated on March 31, 2013 upon 180 days notice, which means that notice of termination must now be provided on or before October 2, 2012.
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.
Date: August 1, 2012