e
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): March 29, 1999
MICROLOG CORPORATION
(Exact name of registrant as specified in its charter)
Virginia 0-14880 52-0901291
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
20270 Goldenrod Lane
Germantown, Maryland 20876-4070
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 428-9100
Not applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On March 29, 1999, Microlog Corporation (the "Registrant") issued a
press release announcing the resignation of Mr. Richard A. Thompson as its
President and Chief Executive Officer. Mr. Thompson will serve as a consultant
to the Registrant and continue to serve as a member of the Registrant's Board of
Directors through the expiration of his current board term. David B. Levi, a
Director of the Company and member of its Office of the President, will serve as
President and Chief Executive Officer on an interim basis until a successor can
be named. Attached as Exhibit 99 to this Current Report on Form 8-K is the text
of the March 29, 1999 press release.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
99. Press Release, dated March 29, 1999, regarding the
resignation of Richard A. Thompson as President and
Chief Executive Officer of the Registrant.
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<PAGE>
SIGNATURE
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.
MICROLOG CORPORATION
Date: April 13, 1999 By: /s/ Steven R. Delmar
---------------------------------
Steven R. Delmar,
Executive Vice President and
Chief Financial Officer
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<PAGE>
EXHIBIT INDEX
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Exhibit Description Page
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99. Press Release dated March 29, 1999
EXHIBIT 99
FOR IMMEDIATE RELEASE: FOR MORE INFORMATION CONTACT:
David Burd, Public Relations Manager
(301) 428-9100
MICROLOG ANNOUNCES CHANGE IN CHIEF EXECUTIVE OFFICER
GERMANTOWN, MARYLAND, March 29, 1999 -- MICROLOG CORPORATION (NASDAQ:MLOG)
announced today that Richard A. Thompson has resigned as President and Chief
Executive Officer (CEO) of the Company. He will continue as a consultant and
member of the Board. David B. Levi, a Director of the Company and member of its
Office of the President, will serve as President and CEO on an interim basis
while Microlog seeks a new Chief Executive Officer.
"Our financial performance in 1998 has been an extreme disappointment. As CEO, I
hold myself responsible and accountable" stated Mr. Thompson. "I am pleased to
have accomplished a great deal in creating a vision and establishing some
momentum to transform the Company from a value added reseller of custom
engineered, interactive voice response systems, to a player in the new,
high-growth, multiple media contact center software market. The Board and I
agree that it is time for a management change. I will work with David Levi and
the other executives of the Company to foster a smooth transition to profitable
operations as soon as possible while maintaining momentum in the launch of the
Company's award winning contact center product, uniQue."
Microlog's Chairman of the Board, David M. Gische, Esq., added "We sincerely
appreciate Mr. Thompson's efforts over his seven years as President of the
Company and his leadership in beginning to resposition the Company in the
rapidly expanding contract center arena."
Mr. Levi, the interim President and CEO, is the former President and Chief
Operating Officer of Voice Processing Corp., President of Natural MicroSystems
Corporation, and Chief Executive Officer or Chief Operating Officer of Raytheon
Data Systems (a division of Raytheon Corp.), Centronics Data Computer Corp. and
Raster Technologies, Inc. He is presently the Chairman of the Board of
Mediaphonics, and has served as a consultant to the Regional Bell Operating
Companies.
Headquartered in Germantown, Maryland, Microlog Corporation designs, develops,
markets, and supports a complete family of Contact Center solutions including
interactive communications systems and applications that improve customer
service and increase productivity, while reducing costs. The Company's products
find wide application in government, retail, collections, health care, utility,
and many other markets in over 18 countries, including The United Kingdom, The
Netherlands, France, Germany, and Italy. Microlog's products are sold through
its direct sales force as well as through distributors, and value added
resellers. Microlog received ISO 9001 certification in 1994, meeting the highest
international standard for quality assurance. Old Dominion Systems Incorporated
of Maryland (ODSM), a Microlog subsidiary, provides technical and administrative
support to US prime government contractors. ODSM's comprehensive technical
capabilities include software development life cycle support, data management
support, and information management services. For more information, please visit
the Microlog home page on the World Wide Web at http://www.mlog.com.
Statements in this news release concerning future results, performance, or
expectations are forward-looking statements. Actual results, performance, or
developments could differ materially from those expressed or implied by such
forward-looking statements as a result of known and unknown risks and
uncertainties, including the Company's ability to introduce new call center
products on a timely manner, the demand for such products, technological
innovation and competition, implementation of the Company's restructuring as
planned and the Company's ability to keep its costs down, and other factors
including those described from time to time in the Company's other filings with
the Securities and Exchange Commission, press releases, and other
communications.
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