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UNITED STATES
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
MARCH 15, 1999
(Date of Report)
ULTRAK, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-9463 75-2626358
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) file Number) Identification No.)
1301 WATERS RIDGE DRIVE
LEWISVILLE, TEXAS 75057
(Address of principal executive offices)
(972) 353-6500
(Registrant's telephone number, including area code)
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ULTRAK, INC. AND SUBSIDIARIES
ITEM 5: OTHER EVENTS
Acquisition of ABM Data Systems, Inc.
On March 15, 1999, the registrant acquired all of the issued and outstanding
capital stock of ABM Data Systems, Inc., a Texas corporation based in Austin,
Texas ("ABM"), from Robert F. James in exchange for 250,000 shares of the
registrant's Common Stock. ABM develops, sells, and services computer software
for the alarm monitoring security industry, government agencies, and
proprietary customers.
Resignation of James D. Pritchett
On March 5, 1999, James D. Pritchett resigned as the President and as a director
of the registrant.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not Applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not Applicable.
(c) EXHIBITS.
EXHIBIT 99.1- Press Release regarding resignation of James D. Pritchett.
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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.
ULTRAK, INC.
(Registrant)
Date: March 18, 1999 By: /s/ TIM D. TORNO
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Tim D. Torno, Vice President-Finance
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -----------
<S> <C>
99.1 Press Release regarding Resignation of James D. Pritchett.
</TABLE>
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FOR IMMEDIATE RELEASE EXHIBIT 99.1
For more information, please contact:
Arianne Wiese
Ultrak, Inc.
972.353.6651
[email protected]
JIM PRITCHETT, PRESIDENT, ULTRAK, INC. ANNOUNCES RESIGNATION
LEWISVILLE, TEXAS - March 5, 1999 - Ultrak, Inc. (Nasdaq: ULTK) today announced
that Jim Pritchett, has resigned from his position as President and Director
effective today. Pritchett has resigned to pursue personal and other business
interests. Until a replacement is chosen, the company's senior managers will
collectively fill the role of the office of the President. George Broady
remains as CEO and Chairman of the Board.
"We deeply appreciate the many years that Jim Pritchett has devoted to this
company. He has contributed much and we will miss him. We wish him the best in
his future endeavors," stated George Broady.
Ultrak is a publicly-held corporation that designs, manufactures, markets and
services innovative electronic products and systems for the security and
surveillance, industrial and medical video, and professional audio markets. The
Company sells its products to distributors, dealers, system integrators,
retailers and mass-merchants (for resale). Headquartered in Lewisville
(Dallas), Texas, Ultrak has multiple facilities throughout the United States,
Europe, Asia and South Africa. Enterprise Security Solutions (ESS) from Ultrak
set new standards in quality, performance and value for large organizations
interested in protecting their assets and improving operating efficiency.
Access control, CCTV, alarm management, and public address functions are
integrated and optimized. Existing telecommunications and IT infrastructures
are leveraged to best advantage, security operations simplified and system
life-cycle costs reduced. And, in progressive organizations, ESS functions like
remote video surveillance are utilized to achieve improvements in operating
efficiency and support the bottom-line mission of the enterprise.
Except for the historical information contained herein, the matters discussed
in this news release are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
in the forward-looking statements, including the timely development and
acceptance of new products, the impact of competitive products and pricing, and
the other risks detailed from time to time in the Company's SEC reports,
including its Annual Report on Form 10-K for the year ended December 31, 1997,
and its Quarterly Report on Form 10-Q for the quarter ended September 30, 1998.
(C)Ultrak is a registered trademark of Ultrak, Inc. 1998.
(end)
