UNITED STATES
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) September 18, 2000
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EA ENGINEERING, SCIENCE, AND TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-15587 52-0991911
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(State or Other Jurisdiction (Commission I.R.S. Employer ID Number
of Incorporation or File Number)
Organization)
11019 McCormick Road, Hunt Valley, Maryland 21031
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 410/584-7000
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Item 5. Other Events.
On September 18, 2000, EA Engineering, Science, and Technology, Inc.
(the "Company")issued the following press release:
For Immediate Release
EA ENGINEERING, SCIENCE, AND TECHNOLOGY HIRES
ADVISORS TO ASSIST IN EVALUATION OF STRATEGIC OPTIONS
Contacts: At the Company: At Legg Mason At TechKNOWLEDGEy
Melissa L. Kunkel Wood Walker, Inc.: Strategic Group:
Director of Marketing Jon M. Mahan Steven Maxwell
and Communications Vice President Managing Director
T: (410) 527-2442 T: (410) 454-4455 T: (303) 442-4800
F: (410) 771-9148 F: (410) 454-5343 F: (303) 442-9004
BALTIMORE, MARYLAND, September 18, 2000... EA Engineering, Science, and
Technology, Inc. (NASDAQ: EACOC), today announced that its Board of Directors
has hired investment bankers Legg Mason Wood Walker, Incorporated and
TechKNOWLEDGEy Strategic Group to explore strategic alternatives that may be
available to the Company to maximize shareholder value, including, but not
limited to, the sale of the Company or business combination with another
company. EA stated that the Board's decision to explore strategic alternatives
is driven by its belief that EA's stock price is undervalued in the public
market.
Commenting on the announcement, Loren D. Jensen, EA's Chairman, President, Chief
Executive Officer, and founder said, "Beginning more than two years ago, the
Company has been involved with executing various restructuring and profitability
enhancement initiatives, which we believe have greatly increased our intrinsic
value. The Company's position in the water and natural resource management
sector of the environmental and engineering consulting industry has never been
stronger. EA is currently enjoying consistent growth and strong operating
profitability, before restructuring and other non-recurring expenses. Because
the Board believes that the Company's present stock price does not fairly
reflect the value that has been created over recent years, we intend to evaluate
alternatives that will allow our shareholders to maximize the value of their
investment in the Company." The Company notes that there can be no assurance
that any transaction will occur as a result of this process.
EA Engineering, Science, and Technology, Inc. is one of North America's leading
environmental science and engineering consultants, and has long been a technical
leader in water resource issues, strategic environmental management, and
regulatory compliance solutions. As its name suggests, EA has developed a
uniquely integrated and broadly diversified scientific, technological and
engineering approach to identifying, understanding, and solving the complex
environmental problems of its clients. The Company serves a wide variety of both
Federal and state governmental agencies, and a broad spectrum of commercial and
industrial clientele, both in the United States and abroad.
Certain of the information contained in this news release contain
forward-looking statements that involve risks and uncertainties, such as those
related to the Company's contracts and other business risks, including general
economic conditions, the effects of the Company's restructuring, and
industry-wide market factors, as detailed from time to time in the Company's
filings with the Securities and Exchange Commission. IN EACH CASE, ACTUAL
RESULTS MAY DIFFER MATERIALLY FROM SUCH FORWARD-LOOKING STATEMENTS.
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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.
EA Engineering, Science, and Technology, Inc.
Registrant
Date: September 19, 2000 By: /s/ Barbara L. Posner
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Barbara L. Posner
Chief Financial Officer
Chief Operating Officer
