The Hackett Group Announces Annual Dividend Program
MIAMI -- December 10, 2012
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 annually.
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 investment
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
The 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
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 law.
The Hackett Group, Inc.
Robert A. Ramirez, 305-375-8005
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