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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): APRIL 19, 2000
SCB COMPUTER TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
TENNESSEE 000-27694 62-1201561
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
3800 FOREST HILL-IRENE, SUITE 100, MEMPHIS, TENNESSEE 38125
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901) 754-6577
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On April 19 and 20, 2000, two shareholders filed separate purported class action
lawsuits in the United States District Court for the Western District of
Tennessee against SCB Computer Technology, Inc. ("SCB"), Ben C. Bryant, Jr.,
Gary E. McCarter, T. Scott Cobb, and Michael J. Boling. Messrs. Bryant, McCarter
and Boling are current executive officers of SCB, while Mr. Cobb is the former
Chairman of the Board of SCB who resigned effective as of November 16, 1999. In
each case, the plaintiff seeks certification of a plaintiff class consisting of
all persons who purchased or otherwise acquired SCB common stock within a
specified prior period, other than SCB's directors and officers and related
persons and entities. The suits, which are substantially the same, generally
allege that the defendants violated federal securities laws by making false and
misleading statements regarding SCB's financial results, which artificially
inflated the market price of SCB common stock and caused the plaintiffs and
other class members to purchase SCB common stock at such inflated prices. The
suits seek unspecified monetary damages. SCB is in the process of reviewing the
suits and intends to respond to them in a timely manner. As of the date hereof,
SCB is unable to predict the outcome of the lawsuits and their ultimate effect,
if any, on its financial condition.
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SIGNATURE
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.
Date: April 21, 2000
SCB COMPUTER TECHNOLOGY, INC.
By: /s/ Michael J. Boling
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Michael J. Boling
Chief Financial Officer
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