SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
September 29, 1998
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METRIKA SYSTEMS CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-13085 33-0733537
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
5788 Pacific Center Boulevard
San Diego, California 92121
(Address of principal executive offices) (Zip Code)
(619) 450-9649
(Registrant's telephone number
including area code)
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This Form 8-K contains forward-looking statements that involve a number of
risks and uncertainties. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements are
set forth under the heading "Forward-looking Statements" in Exhibit 13 to
Metrika Systems Corporation's Annual Report on Form 10-K for the year ended
January 3, 1998. These include risks and uncertainties relating to: customer
capital spending policies, market acceptance of new products, technological
change and new-product introductions, government regulations and approvals,
Metrika Systems' acquisition strategy, international operations, competition,
proprietary technology rights, and the potential impact of the year 2000 on
processing date-sensitive information.
Item 5. Other Events
On September 29, 1998, Metrika Systems Corporation ("Metrika Systems")
announced that it will record a pretax restructuring charge of approximately
$600,000 in the third quarter, ending October 3, 1998. The charge will be
incurred as a result of severance expenses resulting from a reduction in its
workforce of approximately seven percent (35 employees). This charge will reduce
third quarter 1998 diluted earnings per share by approximately $.04. Metrika
Systems estimates that these actions will result in 1999 operating savings of
approximately $1.4 million.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits: not applicable.
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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, thereunto duly authorized, on this 29th day of September, 1998.
METRIKA SYSTEMS CORPORATION
By:/s/ Kenneth J. Apicerno
Kenneth J. Apicerno
Treasurer
