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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): MARCH 2, 2000
ORBIT/FR, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-22583 23-2874370
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
506 PRUDENTIAL ROAD
HORSHAM, PENNSYLVANIA 19044
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES,
INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (215) 674-5100
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ITEM 5 OTHER EVENTS.
On March 2, 2000, Orbit/FR, Inc. announced an agreement of non-debarment with
the U.S. Government. ORBIT/FR, Inc. has entered into an agreement with the
Department of the Navy on behalf of the Department of Defense, which allows the
Federal Government to continue to procure from ORBIT/FR.
The agreement recognizes that ORBIT/FR is presently responsible to contract with
the Federal Government and that the Company will continue a compliance program
that assures good contracting practices and procedures, and compliance with
export laws and regulations through internal reviews, audits, training and
reports to the Navy.
This agreement puts to rest any threat of debarment from Federal contracting as
a consequence of the previously announced guilty plea, related to the Company's
past export practices. It also ensures the Company's ability to continue as a
viable supplier to the Federal Government.
Some of the information set forth in this Form 8-k may be considered
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include declarations regarding the current intent,
belief or expectations of the Company and its management. Prospective investors
are cautioned that any such forward-looking statements, including those
regarding potential debarment or other civil penalties are not guarantees of
future performance and involve a number of risks and uncertainties that could
materially affect actual results. Such risks and uncertainties are identified in
the Company's reports and registration statements filed with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the year ended
December 31, 1998 and Forms 10-Q.
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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.
ORBIT/FR, INC.
By: /s/ Ze'ev Stein
Ze'ev Stein
Acting President and
Chief Executive Officer
By: /s/ William A. Torzolini
William A. Torzolini
Chief Financial Officer
