LEARNING TREE INTERNATIONAL INC
8-K, 1999-03-17
EDUCATIONAL SERVICES
Previous: SMART MODULAR TECHNOLOGIES INC, 10-Q, 1999-03-17
Next: WARBURG PINCUS JAPAN GROWTH FUND INC, 497, 1999-03-17



<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 8-K

               Current Report Pursuant to Section 13 or 15(d) of
                          The Securities Act of 1934



        Date of Report (Date of earliest event reported) March 8, 1999
                                                         -------------



                       Learning Tree International, Inc.
          -----------------------------------------------------------
            (Exact name of Registrant as specified in its charter)
 
 
         Delaware                         0-27248                95-3133814
- -------------------------------         -----------          -------------------
(State or other jurisdiction of         Commission           (I.R.S. Employer
 incorporation or organization)         file number          identification No.)
 

              6053 West Century Boulevard, Los Angeles, CA  90045
              ---------------------------------------------------
              (Address of principal executive offices) (Zip Code)


     Registrant's telephone number, including area code   (310) 417-9700
                                                        --------------------
<PAGE>
 
Item 5.  Other Events.

         On March 8, 1999, the Board of Directors of Learning Tree
         International, Inc. (the "Company") authorized the management of the
         Company to repurchase up to 1,000,000 shares of the Common Stock of the
         Company. The Company expects to make purchases through open-market
         transactions based upon market conditions and subject to Rule 10b-18 of
         the Securities Exchange Act of 1934. There can be no assurance that the
         Company will acquire all of the shares which it has been authorized to
         repurchase. The Board of Directors may authorize additional repurchases
         of Common Stock in the future. The full text of the Company's press
         release is attached as Exhibit 99.1 which is incorporated herein by
         reference.

Item 7.  Financial Statements and Exhibits.

         c)  Exhibits.

             99.1     Press release dated March 9, 1999 issued by the Company
                      regarding the Company's Common Stock repurchase program 

                                       2
<PAGE>
 
                                  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.



                                    LEARNING TREE INTERNATIONAL, INC.



Dated:  March 12, 1999              By:    /s/ Gary R. Wright
                                           -------------------------------------
                                           Gary R. Wright
                                           Chief Financial Officer and Secretary

                                       3

<PAGE>
 
                                 Exhibit 99.1


                 LEARNING TREE ANNOUNCES STOCK REPURCHASE PLAN


     LOS ANGELES, CA - March 9, 1999 - Learning Tree International, Inc. (NASDAQ
NM:LTRE) today announced that it has approved a stock repurchase plan under
which it may use a portion of its cash to make open market purchases of its
stock from time to time in the future.

     Learning Tree International Inc. is a leading worldwide provider of
education and training to information technology ("IT") professionals in
business and government organizations.  The Company develops, markets and
delivers a broad, proprietary library of instructor-led and CBT course titles
focused on client/server systems,  intranet/Internet technologies, computer
networks, operating systems, programming languages, graphical user interfaces,
object-oriented technology and IT management.  The Company also tests and
certifies IT professionals, and the American Council on Education recommends its
courses for college credit.

     Except for historical information contained herein, the matters discussed
in this press release are forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those set forth in such forward-looking statements.  Such risks and
uncertainties include, without limitation, the Company's dependence on the
timely development, introduction and customer acceptance of courses and new
products, the impact of competition and downward pricing pressures, the effect
of changing economic conditions, the Company's ability to attract and retain key
management and other personnel, risks in technology development, the risks
involved in currency fluctuations, and the other risks and uncertainties
detailed from time to time in the Company's filings with the Securities and
Exchange Commission, including the Company's Annual Report on Form 10-K.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission