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) December 2, 1998
LCS INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
Delaware 0-12329 13-2648333
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
120 Brighton Road, Clifton, New Jersey 07012-1694
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (973) 778-5588
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(Former name or former address, if changed since last report)
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Page 1 of 4 pages
Exhibit Index on page 3.
Item 5. Other Events.
The Year 2000 statements attached as an exhibit hereto and
incorporated by reference herein are hereby designated as "Year 2000 Readiness
Disclosures" as defined in Section 3(9) of the Year 2000 Information Readiness
Disclosure Act (Public Law 105-271), as enacted on October 19, 1998. These Year
2000 Readiness Disclosures represent statements included in prior filings with
the Securities and Exchange Commission and have been or may in the future be
superseded by the Company's most current disclosure regarding Year 2000
readiness. As of the date hereof, the Company's most current disclosure
regarding Year 2000 readiness is included in the Company's Quarterly Report on
Form 10-Q for the quarter ended June 30, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits. The following exhibit is filed as part of this
Current Report on Form 8-K:
Description Exhibit No.
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Year 2000 Readiness Disclosures 99.1
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Page 2 of 4 pages
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.
LCS INDUSTRIES, INC.
Dated: December 2, 1998 By: /s/ PAT R. FRUSTACI
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Pat R. Frustaci
Vice President - Finance
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Page 3 of 4 pages
Exhibit Index
99.1 Year 2000 Readiness Disclosures
Page 4 of 4 pages
Year 2000 Readiness Disclosures
As disclosed in the Company's Form 10Q dated August 10, 1998 for
the quarter ended June 30, 1998:
Certain of the Company's operational computer programs use two
digits to identify a year in the date field which does not consider the impact,
if any, of the upcoming change in the century. The Company anticipates, at a
cost not material to financial results, the timely completion of any programming
needed to address this issue and result in successful computer processing in the
year 2000 and beyond.
The Company has not, however, fully completed its review of the
Year 2000 issues, particularly, but not limited to, non-operational computer
programs and third party vendor and customer issues. The Company is in the
process of completing that review.
Management cannot provide assurance that the result of its Year
2000 compliance efforts or the cost of such efforts will not differ materially
from estimates. Accordingly, business continuity and contingency plans are
currently being developed to address high risk areas as they are identified.
The above discussion contains statements that are
"forward-looking" within the meaning of the Private Securities Litigation Reform
Act of 1995. Although the Company believes that its estimates are based on
reasonable assumptions, there can be no assurance that actual results will not
differ materially from these estimates.
As discussed in the Company's Forms 10Q dated May 11, 1998 and
February 10, 1998 for the quarters ended March 31, 1998 and December 31, 1997,
respectively:
Certain of the Company's operational computer programs use two
digits to identify a year in the date field which does not consider the impact,
if any, of the upcoming change in the century. The Company anticipates, at a
cost not material to financial results, the timely completion of any programming
needed to address this issue and result in successful computer processing in the
year 2000 and beyond.
