Item 7.01. Regulation FD Disclosure.

On March 26, 2020, The Interpublic Group of Companies, Inc. (the "Company") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, providing an update related to the outbreak of the novel coronavirus ("COVID-19").

The information in this Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission.

Item 8.01. Other Events.

The Company is filing this Item 8.01 on this Current Report on Form 8-K to supplement the risk factors described in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019. The following risk factor should be read in conjunction with the risk factors described in the Annual Report on Form 10-K.

The extent to which the novel coronavirus ("COVID-19") outbreak will adversely impact our business, financial condition and results of operations is highly uncertain and cannot be predicted.

The global spread of COVID-19 has created significant worldwide operational volatility, uncertainty and disruption. The extent to which COVID-19 will adversely impact our business, financial condition and results of operations will depend on numerous evolving factors, which are highly uncertain, rapidly changing and cannot be predicted, including:



  • the duration and scope of the outbreak;


     •  governmental, business and individual actions that have been and continue
        to be taken in response to the outbreak, including travel restrictions,
        quarantines, social distancing, work-at-home, stay-at-home and
        shelter-in-place orders and shut-downs;


     •  the impact of the outbreak on the financial markets and economic activity
        generally;


  • the effect of the outbreak on our clients and other business partners;


  • our ability to access usual sources of liquidity on reasonable terms;


     •  our ability to comply with the financial covenant in our Credit Agreement
        if a material economic downturn results in increased indebtedness or
        substantially lower EBITDA;


     •  our ability during the outbreak to provide our services, including the
        health and wellbeing of our employees; and


     •  the ability of our clients to pay for our services during and following
        the outbreak.

The COVID-19 outbreak has significantly increased financial and economic volatility and uncertainty. A continued slowdown or downturn in the economy has begun to have, and we expect will continue to have, a negative impact on many of our clients. In the past, some clients have responded to weak economic and financial conditions by reducing their marketing budgets, thereby decreasing the market and demand for our services. All of the foregoing will likely impact our business, financial condition, results of operations and forward-looking expectations.

--------------------------------------------------------------------------------

Item 9.01. Financial Statements and Exhibits.




  Exhibit 99.1:         Press release dated March 26, 2020 (furnished pursuant to
                      Item 7.01).

  Exhibit 104:        Cover Page Interactive Data File - the cover page XBRL tags are
                      embedded within the inline XBRL document (included as Exhibit
                      101).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses