MIAMI -- (Business Wire)
The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory and
operations improvement consulting firm, today announced that its Board
of Directors has approved the initiation of an annual cash dividend
program in the amount of $0.10 per share, which is intended to be paid
The first dividend will be paid on December 28, 2012, to shareholders of
record as of the close of business on December 20, 2012.
"Our strong balance sheet and cash flow allows us to return capital to
our shareholders with this dividend, while also preserving financial and
operational flexibility to meet our strategic objectives," stated Ted A.
Fernandez, Hackett's Chairman and CEO. “The dividend program will also
allow us to attract investors who value a dividend as part of their
The declaration and payment of any future dividends under this program
will be at the discretion of the Board of Directors, subject to the
Company's financial results, cash requirements, and other factors deemed
relevant by the Board of Directors. Investors are cautioned that this
new annual dividend program is not a guarantee that a dividend will be
declared or paid in any particular period in the future.
About The Hackett Group
Hackett Group, Inc. (NASDAQ: HCKT), a
global strategic business
advisory and operations improvement consulting firm, is a leader in
best practice advisory, benchmarking, and transformation consulting
services including strategy and operations, working capital management,
shared services and globalization advice. Utilizing best practices and
implementation insights from more than 7,000 benchmarking engagements,
executives use The Hackett Group's empirically-based approach to quickly
define and implement initiatives to enable world-class performance.
Through its REL group, The Hackett Group offers working capital
solutions focused on delivering significant cash flow improvements.
Through its Archstone Consulting group, The Hackett Group offers
Strategy & Operations consulting services in the Consumer and Industrial
Products, Pharmaceutical, Manufacturing and Financial Services industry
sectors. Through its Hackett Technology Solutions group, The Hackett
Group offers business application consulting services that help maximize
returns on IT investments. The Hackett Group has completed benchmark
studies with over 3,000 major corporations and government agencies,
including 97% of the Dow Jones Industrials, 86% of the Fortune 100, 90%
of the DAX 30 and 48% of the FTSE 100.
More information on The Hackett Group is available: by phone at (770)
225-7300; by e-mail at firstname.lastname@example.org.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
involve known and unknown risks, uncertainties and other factors that
may cause The Hackett Group's actual results, performance or
achievements to be materially different from the results, performance or
achievements expressed or implied by the forward-looking statements.
Factors that impact such forward-looking statements include, among
others, the ability of our products, services, or offerings mentioned in
this release to deliver the desired effect, our ability to effectively
integrate acquisitions into our operations, our ability to retain
existing business, our ability to attract additional business, our
ability to effectively market and sell our product offerings and other
services, the timing of projects and the potential for contract
cancellations by our customers, changes in expectations regarding the
business consulting and information technology industries, our ability
to attract and retain skilled employees, possible changes in collections
of accounts receivable due to the bankruptcy or financial difficulties
of our customers, risks of competition, price and margin trends, foreign
currency fluctuations, changes in general economic conditions and
interest rates as well as other risks detailed in our Company's Annual
Report on Form 10-K for the most recent fiscal year filed with the
Securities and Exchange Commission. We undertake no obligation to update
or revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by
The Hackett Group, Inc.
Robert A. Ramirez, 305-375-8005
Source: The Hackett Group, Inc.
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