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 23, 1999
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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 September 23, 1999, GRC International, Inc. elected Dr. Gerald R. McNichols
to its board of directors.
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Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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Exhibit No. Description
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99.1 Press Release dated October 6, 1999.
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: October 26, 1999 By: /s/ Thomas E. McCabe
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Thomas E. McCabe
Senior Vice President, Director of Corporate
Development, General Counsel & Secretary
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[GRAPHIC OMITTED][GRAPHIC OMITTED] NEWS
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Dr. Gerald R. McNichols Elected to GRC International Board of Directors
Vienna, Va., Oct. 6, 1999 - GRC International (NYSE: GRH) today announced the
recent election of Dr. Gerald R. McNichols, 56, to GRC International's board of
directors increasing the members on the board to nine. Dr. McNichols is a senior
vice president of GRC International, general manager of the company's MCR
Division and president of MCR Federal.
"Mac is a knowledgeable addition to the GRCI board bringing more than 30 years
of related experience in the professional and technical services industry,
government and military," said GRCI Chairman Joseph Wright Jr. "Having started
and successfully grown his own defense-industry consulting firm, Mac will
provide the board with a valuable perspective. I look forward to working with
Mac."
Dr. McNichols was president and CEO of Management Consulting & Research Inc.
prior to its acquisition by GRC International last month. For more than 20 years
he led his company in performing studies for government and industry clients,
focusing on project management, cost analysis, and financial management support.
MCR was purchased as an important element in GRCI's plan to further improve its
recent strong financial performance and position the company for continuing
future growth. As previously announced, GRC International President and CEO Gary
Denman has targeted 10-to-20 percent annual internal growth supplemented by
selective acquisitions, 10 percent annual improvement in operating margins, and
the positioning of GRCI as a prime contractor focused on the federal information
technology market.
Upon his election to the GRC International board, Dr. McNichols said, "GRCI is
uniquely positioned to take advantage of the enormous opportunities in the
professional and technical services industry. I am delighted to have this
opportunity to work with Joe, Gary and the rest of the board as we expand and
take full advantage of GRCI's growth potential."
Prior to launching MCR in 1977, Dr. McNichols was vice president of J. Watson
Noah Associates Inc. (cost analysis consultants) and was vice president of
GENTECH Inc. (information systems consultants). During nine years of government
service he was special assistant to the deputy assistant secretary of defense
(resource analysis). He was commissioned by the U.S. Air Force in 1965, and
spent four years on the Air Staff before joining the Office of the Secretary of
Defense.
Dr. McNichols has been an adjunct professor at George Mason University in
Fairfax, Va., and The George Washington University in Washington, DC. He holds
an Sc.D. in engineering from The George Washington University, an M.S. in
operations research from the University of Pennsylvania, and a B.S. (honors) in
management science/mathematics from Case Western Reserve University.
Dr. McNichols, who is a Certified Cost Estimator/Analyst (CCEA), has written
numerous publications on industry-related topics. He also has been recognized
with numerous industry awards and serves on a number of civic and industry
boards.
GRC International Inc., headquartered in Vienna, Va., is a leading provider of
professional services focusing on information technology, management consulting,
and engineering services for a national clientele in the government and
commercial sectors. GRCI is a publicly traded
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GRC International
add one
company listed on the New York Stock Exchange under the symbol GRH. Additional
details about GRC International can be obtained on the Internet at
http://www.grci.com/.
Forward-looking statements contained in this release are subject to risks and
uncertainties that could cause actual results to differ materially. These risks
and uncertainties include the company's dependence on continued funding of U.S.
Department of Defense programs and the company's ability to fill required staff
positions to service the contracts granted under those programs; government
contract procurement and termination risks; and other risks described in the
company's Securities and Exchange Commission filings.
Inquiries: Wayne Jackson, Director, Corporate Communications, (703) 506-5038.
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