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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
Date of Report (Date of Earliest Event Reported): November 20, 1998
SULCUS HOSPITALITY TECHNOLOGIES CORP.
(Exact Name of Registrant as Specified in Charter)
PENNSYLVANIA 0-13226 25-1369276
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
41 NORTH MAIN STREET, GREENSBURG, PA 15601
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (724) 836-2000.
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ITEM 5. OTHER EVENTS.
On November 20, 1998, Sulcus Hospitality Technologies Corp.
("Sulcus") issued a press release announcing the postponement of its annual
meeting of shareholders scheduled to be held on December 1, 1998 due to the
pendency of a special meeting of shareholders to be called to approve the merger
with Eltrax Systems, Inc. A copy of the press release is attached to this Form
8-K as Exhibit 99.
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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 hereunto duly authorized.
SULCUS HOSPITALITY TECHNOLOGIES CORP.
Date: November 23, 1998 By: /s/ John W. Ryba
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John W. Ryba
Senior Vice President, Secretary and
Chief Legal Officer
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Exhibit 99
SULCUS POSTPONES ANNUAL MEETING DUE TO MERGER
GREENSBURG, Pa., Nov. 20 -- SULCUS HOSPITALITY TECHNOLOGIES CORP. (Amex:
SUL) today announced the postponement of its annual meeting of shareholders
scheduled to be held on December 1, 1998 due to the pendency of a special
meeting of shareholders to be called to approve the merger with Eltrax Systems,
Inc. (Nasdaq:ELTX). As previously announced, Sulcus and Eltrax entered into a
definitive Agreement and Plan of Merger pursuant to which Sulcus will become a
subsidiary of Eltrax Systems, Inc., a nationwide managed network services and
information technology company. Sulcus anticipates holding the special meeting
of shareholders during the first quarter of 1999 to vote on the merger.
Separately, Sulcus announced that it has terminated its stock repurchase
program, which was previously announced on September 9, 1998. Sulcus repurchased
approximately 260,000 shares of its common stock pursuant to the repurchase
program.
Some of the preceding statements in this press release may constitute
"forward-looking statements" within the meaning of the Securities Act of 1933,
as amended, and the Securities Exchange Act of 1934, as amended, and Sulcus
intends that such forward-looking statements be subject to the safe harbors
created thereby. Examples of words indicating forward-looking statements are
"anticipates" and "will." These forward-looking statements reflect Sulcus'
current views with respect to future events and financial performance, but are
subject to many uncertainties and factors relating to the Company's operations
and business environment which may cause the actual results of Sulcus to be
materially different from any future results expressed or implied by such
forward-looking statements. Sulcus undertakes no obligation to publicly update
or revise any forward-looking statement whether as a result of new information,
future events, or otherwise.
Sulcus Hospitality Technologies Corp. is a global leader in the design,
development and marketing of technology solutions that are used in the
hospitality and tourism market to improve the management of business-critical
information and data. The Company is headquartered in Greensburg, Pennsylvania
with offices, distributors and agents worldwide.
