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): July 1, 1998
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GRC INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7517 95-2131929
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(State of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
1900 Gallows Road, Vienna, Virginia 22182
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(Address of principal executive office) (Zip Code)
(703) 506-5000
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(Registrant's telephone number)
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Item 5. Other Events.
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On July 1, 1998, GRC International Inc. announced that GRCI President Gary
Denman, Ph.D., has become Chief Executive Officer following the retirement of
Jim Roth, who spent the past six years as President and CEO.
Details are contained in the press release attached as an exhibit to this
report.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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Exhibit No. Description
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99 Press Release dated July 1, 1998
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned hereunto duly authorized.
GRC INTERNATIONAL, INC.
Date: August 6, 1998 By:/s/ Thomas E. McCabe
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Thomas E. McCabe
Senior Vice President, General Counsel & Secretary
Gary Denman Transitions to CEO with GRC International
Vienna, Va., July 1, 1998 - GRC International (NYSE: GRH) today announced that
GRCI President Gary Denman, Ph.D., has become Chief Executive Officer following
the retirement of Jim Roth, who spent the past six years as president and CEO.
Mr. Roth will continue serving the company as a member of its board of
directors.
"In an era when technology, particularly information technology, is of vital
importance to every aspect of an enterprise," said Dr. Denman, "I find GRCI
exceptionally well positioned to respond to growing customer demands for
advanced technical solutions to their management and decision-making challenges.
These include projects such as the modernization of the Army's retail logistics
information system, modeling and simulation for the Office of the Secretary of
Defense, information warfare for the Navy, system testing work for the
regulation division of a national financial association; and development of
embedded communications software for Lucent Technologies. I look forward to
continuing the momentum we have recently demonstrated by capitalizing on GRCI's
professional expertise and technical strengths."
GRCI Chairman Joseph Wright said, "This first nine months of this year have been
very strong for GRCI with a 30 percent increase in EBIT and a maximum contract
backlog that grew to approximately $500 million. Gary was an important driver in
these results and is an ideal fit to all the leadership needs of GRCI. He is
deeply knowledgeable of the company's technical capabilities and customer base.
As COO he has been an exceptional leader as the company returned to
profitability over the past 15 months. The board of directors and I look forward
to working closely with Gary in the years to come."
Retiring CEO Jim Roth said, "Gary Denman's assumption of the CEO title brings to
completion a succession plan that we began putting in place nearly three years
ago. Gary is that rare leader who both understands a broad array of technology
and technology issues and who can also manage technology at an executive level.
I feel confident, as a result, that we have selected the most capable and
experienced executive to direct this leading-edge technology company into the
next century. I wish Gary and GRCI all the success in the world and I personally
look forward to making contributions to its future as a board member."
Dr. Denman, 59, joined GRCI as Senior Vice President, Strategic Planning in
March 1995. In 1992, prior to joining the company, he was appointed Director of
the Advanced Research Projects Agency (ARPA), the Department of Defense's
principal agency for research, development and demonstration of concepts,
devices, and systems, providing highly advanced military capabilities.
As Director of ARPA, Dr. Denman was responsible for executive management of the
agency's investments in high pay-off and innovative research and development.
This entailed extensive efforts to develop and implement advanced design
concepts and a
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DENMAN TO CEO
ADD ONE
broad array of advanced technologies with an emphasis on information technology.
Dr. Denman's focus at ARPA was on applied technology, particularly working with
industry leaders and universities to implement advanced technology in products
and manufacturing processes.
Prior to joining ARPA, Dr. Denman was the Deputy Director of the U.S. Air
Force's Wright Laboratories at Wright Patterson Air Force Base where he was
responsible for the management of a diverse program to develop advanced
aerospace technologies and implemented focused technology transition initiatives
for early insertion into new systems. Prior to that position, Dr. Denman was the
Director of the U.S. Air Force Materials Laboratory and Director of the U.S. Air
Force Manufacturing Technology Program where he initiated a broad array of
materials and manufacturing process developments.
Dr. Denman received a B.S.M.E. from the University of Cincinnati and an M.S. and
Ph.D. from Ohio State University in mechanical engineering.
GRC International Inc., with headquarters in Vienna, Va., provides
knowledge-based professional services and high-quality technology-based
solutions to government and commercial customers. GRCI is a publicly traded
company listed on the New York Stock Exchange under the symbol GRH. Additional
details about the company can be obtained on the Internet at
http://www.grci.com/.
Inquiries: Wayne Jackson, Director, Corporate Communications, (703) 506-5038.
GRCI press releases are available on the Internet through Company News On-Call
at http://www.prnewswire.com/.
