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) February 10, 1999
TELETRAC, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 333-35021 48-1172403
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2131 Faraday Avenue, Carlsbad, California 92008
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (760)931-2644
2323 Grand Street, Suite 1100, Kansas City, Missouri 64108
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On February 10, 1999, Teletrac, Inc. (the "Company") issued a press
release announcing that it had retained Donaldson, Lufkin & Jenrette to assist
it in efforts to raise additional capital and in discussions between the Company
and the holders of its 14% Senior Notes due 2007 concerning a possible
restructuring of its debt.
A copy of the press release is filed herewith as Exhibit 99.1.
If the Company fails to secure additional capital or alternate sources
of liquidity before the end of the first quarter of 1999, the Company's ability
to continue its current operations will be in question. There can be no
assurances that the Company's efforts to raise additional capital or to
restructure its debt will be successful.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits.
Number Description
99.1 Press Release dated
February 10, 1999.
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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, thereunto duly authorized.
TELETRAC, INC.
By: /s/ Alan B. Howe
Name: Alan B. Howe
Title: Vice President
Date: February 12, 1999
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INDEX TO EXHIBITS
Exhibit Description
99.1 Press Release dated
February 10, 1999.
EX 99.1
TELETRAC, INC. ANNOUNCES DISCUSSIONS
WITH NOTEHOLDERS
CARLSBAD, CA. (February 10, 1999) -- Teletrac, Inc., a leading
provider of vehicle location and fleet management services, announced today that
it had retained Donaldson, Lufkin & Jenrette to assist it in efforts to raise
additional capital and in discussions between the Company and the holders of its
14% Senior Notes due in 2007 concerning a possible restructuring of its debt.
As previously indicated in the Company's SEC filings, if the Company
fails to secure additional capital or alternate sources of liquidity before the
end of the first quarter of 1999, the Company's ability to continue its current
operations will be in question. There can be no assurances that the Company's
efforts to raise additional capital or to restructure its debt will be
successful.
Teletrac, Inc.
Corporate Headquarters
2131 Faraday Avenue
Carlsbad, CA 92008
Phone: (760) 931-2644
Fax: (760) 931-2550
