SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): January 24, 2000
ANALYTICAL SURVEYS, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 0-13111 84-0846389
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
941 Meridian Street, Indianapolis, IN 46204
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(Address or principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 634-1000
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(Former name or former address, if changed since last report): Not applicable
<PAGE>
Item 5. OTHER EVENTS
See Exhibit 99 to this Form 8-K.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. Exhibit 99. Analytical Surveys, Inc. Press Release issued
January 24, 2000
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.
ANALYTICAL SURVEYS, INC.
Date: January 28, 2000 By: /s/ Dr. James T. Rothe
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Dr. James T. Rothe
Chairman of the Board of Directors
Exhibit 99
Analytical Surveys Chairman and CEO Sidney V. Corder Retires
INDIANAPOLIS, Jan. 24 /PRNewswire/ -- Analytical Surveys, Inc., (ASI) (Nasdaq:
ANLT - news), a leading provider of customized data conversion and digital
mapping services for geographic information systems (GIS) and related "spatial
data" markets, today announced that its chairman and CEO, Sidney V. Corder, has
retired.
Corder, who joined ASI in 1990 and has served as CEO since 1993, will provide
consulting services to the Company while its board of directors conducts a
search for his successor. Sol C. Miller, a member of the board and ASI's largest
shareholder, will serve as CEO during the transition period. John A. Thorpe,
ASI's founder and a member of the board, will serve as assistant CEO, and Dr.
James T. Rothe, a board member since 1987, has been appointed chairman of the
board.
Miller joined ASI's board of directors in 1997 when he sold his company,
Indianapolis-based MSE Corporation, to ASI. Miller established MSE as a leading
provider of data conversion services to the utilities industry, and he is
recognized within the GIS sector as a pioneer in the development of automated
mapping technologies.
"I want to pledge to our customers, employees and shareholders that during this
transition, our primary focus will be on enhancing the leadership position ASI
has established within the GIS industry," Miller said. "That position has been
built on our resolve to provide customers with the industry's most advanced data
conversion and spatial data management services in combination with unparalleled
customer support. I can assure our many valued clients that we will build from
these fundamental objectives." Rothe said, "ASI is currently being led by two of
the most respected and knowledgeable professionals in our industry. As founders
of their respective businesses, Sol Miller and John Thorpe collectively possess
more than 70 years of GIS-related experience, and each has played a major role
in the advancement of the 'intelligent mapping' field." Rothe continued, "We
sincerely appreciate Sid Corder's many contributions to the Company during the
past 10 years, and we wish him well during his retirement." He added that ASI's
board of directors is in the process of engaging an executive recruiting firm to
assist in the search for Corder's successor. Rothe is currently a professor of
business at the College of Business and Administration at the University of
Colorado at Colorado Springs. He also is a principal of the venture capital firm
Phillips-Smith Specialty Retail, Inc., and he is a trustee of Denver-based Janus
Funds. Analytical Surveys is an industry leader in providing customized data
conversion, digital mapping and consulting services for the spatial data
markets. Geospatial data is used for a variety of applications, including the
creation of geographic information systems (GIS). A GIS is a high- resolution,
large-scale, richly detailed "intelligent map" that allows users to input,
update, query, analyze and display detailed information about a geographic area.
Geographic information systems are widely used by utilities, state and local
governments, federal agencies and commercial businesses to manage massive
infrastructures effectively, to improve operating efficiencies and to analyze
future demand for facilities. The Company's traditional markets have been
utilities and state and local governments. The Company also is expanding its
target markets by offering a broad new range of services. Certain statements
made in this news release are forward-looking statements within the meaning of
the Private Securities Litigation Act of 1995. Results may differ materially
from the Company's expectations. A number of uncertainties and other factors
could cause actual results to differ materially from such forward-looking
statements, including, but not limited to, the possibility that the Company will
not be awarded contracts in the numbers, for the amounts, or at the time that
the Company currently expects, and therefore, that overall contract volume does
not increase. The forward-looking statements are also based on assumptions
related to the growth of the Company's consulting services, as to which there
can be no assurance. A more detailed description of factors that could affect
the Company's financial results are included in the Company's Annual Report on
Form 10-K and other filings with the Securities and Exchange Commission.
