UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Section 8 Other Events
Item 8.01. | Other Events. |
On December 2, 2021, The GEO Group, Inc. (“GEO” or the “Company”) announced in a press release that its Board of Directors (the “Board”) unanimously approved a plan to terminate its Real Estate Investment Trust (“REIT”) election and become a taxable C corporation, effective for the fiscal year ending December 31, 2021. The decision stems from the Board’s evaluation of GEO’s corporate tax structure and REIT status, which was announced on April 7, 2021. The Company also announced that the Board voted unanimously to discontinue GEO’s quarterly dividend. Lastly, the Company also updated guidance for the fourth quarter and full-year 2021.
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.
THE GEO GROUP, INC. | ||||||
December 8, 2021 | By: | /s/ Brian R. Evans | ||||
Date | Brian R. Evans | |||||
Senior Vice President and Chief Financial Officer | ||||||
(Principal Financial Officer) |
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