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 November 20, 2020, The GEO Group, Inc. (“GEO” or the “Company”) received notice from the Federal Bureau of Prisons (“BOP”) that it has decided to not rebid the contract for the GEO-owned, 1,450-bed Rivers Correctional Facility in Winton, North Carolina. The contract was entered into in April 2011 with a base period of four years and with three renewal options for a two-year period. The third renewal period is scheduled to expire on March 31, 2021. The contract for the Rivers Correctional Facility generated approximately $43 million in annualized revenues for GEO. GEO expects to market the Rivers Correctional Facility to other federal and state agencies.
On November 23, 2020, GEO issued a press release relating to the BOP’s decision to not rebid the contract. A copy of the press release is filed hereto as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.
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Section 9 – Financial Statements and Exhibits
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press Release, dated November 23, 2020. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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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. | ||||||
| November 23, 2020 |
By: | /s/ Brian R. Evans | ||||
| Date | Brian R. Evans | |||||
| Senior Vice President and Chief Financial Officer | ||||||
| (Principal Financial Officer) | ||||||
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