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) June 7, 2000
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EA ENGINEERING, SCIENCE, AND TECHNOLOGY, INC.
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(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 June 7, 2000, EA Engineering, Science, and Technology, Inc. (the "Company")
issued the following press release:
EA ENGINEERING, SCIENCE, AND TECHNOLOGY, INC.
TO TRADE ON NASDAQ SMALLCAP UNDER SYMBOL EACEC
Contacts: Melissa L. Kunkel, Director of Marketing and Communications
Tel. (410) 527-2442 FAX: (410) 771-9148
World Wide Web Site: http://www.eaest.com
For Release: Immediately Upon Receipt
BALTIMORE, MARYLAND, June 7, 2000... EA Engineering, Science, and Technology,
Inc. today announced that the Company's common stock will continue to be listed
on The Nasdaq SmallCap Market via an exception from the filing of financial
statements and minimum bid price listing requirements.
While EA is currently not in compliance with these requirements, the Company has
been granted a temporary exception from these standards subject to meeting
certain conditions. As reported in the Company's February 4 and April 10, 2000
press releases, the Company will be restating earnings for the fiscal years
ended August 31, 1998 and 1999; as such, the Company is considered to be late in
filing its financial statements for these periods. Additionally, the Company was
advised by Nasdaq that the closing bid price of the Company's common stock does
not meet the $1.00 minimum bid price listing requirement.
The Company has been granted a temporary extension until June 16, 2000 to file
its amended financial statements and until September 16, 2000 to comply with the
minimum bid price listing requirement. In the event the Company is deemed to
have met the terms of the exceptions, it shall continue to be listed on the
Nasdaq SmallCap Market. The Company believes that it can meet these conditions,
however, there can be no assurance that it will do so.
Effective June 8, 2000, the Company's Nasdaq symbol will be changed to EACEC.
The Company has been advised that, upon the filing of its amended financial
statements for fiscal years 1998 and 1999 and evidence of compliance with all
other requirements for continued listing on The Nasdaq SmallCap Market, with the
exception of the minimum bid price requirement, Nasdaq will remove the "E" and
the Company's symbol will be changed to EACOC. The "C" will be removed from the
symbol after the Company has complied with the minimum bid price listing
requirement, at which time the Company's trading symbol will return to EACO.
The Company expects that the information contained in its amended financial
statements will be consistent with the information previously reported in the
Company's press release dated April 10, 2000.
EA is a publicly held international consulting firm specializing in energy, the
environment, and health and safety. Through its network of more than 20 offices,
EA provides scientific, engineering, economic, analytical, and management
solutions to corporate, utility, municipal, and federal government clients.
Certain of the statements contained in this news release are 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.
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: June 8, 2000 By: /s/ Barbara L. Posner
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Barbara L. Posner
Chief Financial Officer
Chief Operating Officer
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