UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 14, 2005
(Exact name of registrant as specified in its chapter)
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Delaware
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1-12804
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86-0748362 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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7420 South Kyrene Road, Suite 101, Tempe, Arizona
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85283 |
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(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (480) 894-6311
None
(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:
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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)) |
On December 14, 2005, Mobile Mini, Inc. issued a press release announcing its 2005 and 2006
earnings guidance. A copy of the press release is furnished as Exhibit 99.01 to this report.
In accordance with general instruction B.2 to Form 8-K, information in this Item 7.01 and the
exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, or otherwise subject to the liabilities of such section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing.
The press release includes the financial measure EBITDA and certain pro forma financial results.
The EBITDA and other pro forma financial measurements may be deemed a non-GAAP financial measure
under rules of the Securities and Exchange Commission, including Regulation G. We define EBITDA as
net income before interest expense, provision for income taxes, depreciation and amortization, and
debt restructuring expense. We use EBITDA as a financial measure in management decision-making
because we believe it provides useful supplemental information regarding our financial and
liquidity position and facilitate internal comparisons to historical financial position and
operating performance of prior periods and external comparisons to competitors financial position
and operating performance. In addition, several of the financial covenants under our revolving
credit facility are expressed by reference to this financial measure, similarly computed. The pro
forma earnings guidance for 2006 excludes approximately $0.12 per diluted share after taxes to
reflect the expenses associated with the adoption of SFAS 123(R). The pro forma earnings guidance for
2005 excludes: (i) an estimated expense of $1.7 million ($1.0 million after taxes) due to losses
sustained as a result of Hurricane Katrina, which includes certain limited insurance
reimbursements; (ii) a one-time, pre-tax gain of $3.2 million or $0.13 per diluted share after tax,
which was the result of a settlement of a third party claim related to litigation that concluded in
2003; and (iii) a $0.5 million tax benefit or $0.03 per diluted share, due to recognition of
certain state net operating loss carry forwards that were previously scheduled to expire in 2005
and 2006, that management now believes are recoverable. Management reached this conclusion due to
the improved results of operations achieved in 2005 and expected in 2006. The Company includes
EBITDA in its earnings guidance to provide transparency to investors.
(c) Exhibits.
99.01 Registrants press release dated December 14, 2005.
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 hereunto duly authorized.
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MOBILE MINI, INC.
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Dated: December 14, 2005 |
/s/ Lawrence Trachtenberg
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Name: |
Lawrence Trachtenberg |
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Title: |
Executive Vice President and
Chief Financial Officer |
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