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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________________________________________
Form 8-K
CURRENT REPORT
Pursuant to Section 12 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 6, 2000
FLIR SYSTEMS, INC.
(exact name of registrant as specified in its charter)
Oregon 0-21918 93-0708501
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
16505 S.W. 72nd Avenue, Portland, Oregon 97224
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (503)684-3731
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Item 5. OTHER EVENTS
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On March 6, 2000, FLIR Systems, Inc. (the "Company") issued a press
release regarding the Company's expectations as to revenue and net earnings for
the quarter ended December 31, 1999. The press release is attached hereto as
Exhibit 99.1 and is incorporated in its entirety herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
99.1 Press Release issued by FLIR Systems, Inc. on March 6, 2000
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 on March 6, 2000.
FLIR SYSTEMS, INC.
(Registrant)
/s/ J. Mark Samper
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J. Mark Samper
Vice President and
Chief Financial Officer
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Company contact: Agency contact:
FLIR Systems, Inc. Berkman Associates
James A. Fitzhenry Neil Berkman
(503) 684-3731 (310) 277-5162
www.FLIR.com [email protected]
FLIR Systems Fourth Quarter Results
Expected to be Materially Below the Company's
Previously Announced Expectations
PORTLAND, Ore. -- March 6, 2000 -- FLIR Systems, Inc. (Nasdaq: FLIR) announced
today that it now expects revenue and net earnings for the fourth quarter to be
materially below the Company's previously announced expectations and could
reflect a loss for the quarter.
FLIR said that it has recently identified several errors in its accounting
records, including errors in certain consolidating entries made for its
subsidiaries in both the U.S. and Europe, and that correcting these errors will
have the effect of reducing revenue and net earnings relative to the Company's
previously announced expectations. FLIR said that it expects to announce its
financial results for the fourth quarter and 1999 promptly after the completion
of the year-end audit of its financial statements, which is expected no later
than the end of March.
FLIR also announced that its Vice President of Finance and CFO has resigned.
The Company is currently engaged in the recruitment of a new CFO. The Company
has hired an outside consultant reporting directly to the Company's CEO to
assist in the operation of its financial department during the transition to a
new CFO.
(more)
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FLIR Systems Fourth Quarter Outlook Page 2
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture and
marketing of thermal imaging and broadcast camera systems for a wide variety of
commercial and government applications including condition monitoring, research
and development, manufacturing process control, airborne observation and
broadcast, search and rescue, drug interdiction, surveillance and
reconnaissance, navigation safety, border and maritime patrol, environmental
monitoring and ground-based security. Visit the Company's Web site at
www.flir.com.
This release contains statements regarding the Company's expectations as to
revenue and earnings for the fourth quarter of 1999 that are forward-looking
statements within the meaning of the Securities Litigation Reform Act of 1995.
These statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including, but not limited
to, the risk that the Company will identify additional errors in its accounting
records, that audit adjustments may be required with respect to the Company's
financial position or results of operation and other risks discussed from time
to time in the Company's Securities and Exchange Commission fillings and
reports. Such forward-looking statements speak only as of the date on which
they are made and the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
this release. If the Company does update or correct one or more forward-looking
statement, investors and others should not conclude that the Company will make
additional updates or corrections with respect thereto or with respect to other
forward-looking statements.
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