Cardtronics reports corporate reorg in SEC filing
On May 13, Cardtronics Inc filed a Form 8-K Current Report to information on Form 10K in its 2015 annual report, as the result of a pair of changes made in Q1 2016, as follows:
During the three months ended March 31, 2016, the Company reorganized its operations and created the Corporate & Other segment to separately present transaction processing operations from its primary ATM operating segments (North America and Europe) and to present the corporate general and administrative functions separate from its North America segment.
Additionally, the Company’s ATM advertising business (i-design) is now managed through its Europe segment. This business was previously included in the Company’s North America segment, but is not material to either of the North America or Europe segments.
As a result of these changes, the Company revised its reportable segments from North America and Europe to North America, Europe, and Corporate & Other. The Company’s operations in the U.S., Canada, Mexico, and Puerto Rico are included in its North America segment and its operations in the U.K., Germany, and Poland are included in its Europe segment.