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) February 4, 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 February 4, 2000, EA Engineering, Science, and Technology, Inc. (the
"Company") issued the following press release:
EA Plans to Restate Earnings for Prior Periods
Contact: Melissa L. Kunkel, Director of Communications
Tel. (410) 527-2442 FAX: (410) 771-9148
World Wide Web Site: http://www.eaest.com
Release: Immediately Upon Receipt (02/04/00)
BALTIMORE, MARYLAND, February 04, 2000... EA Engineering, Science, and
Technology, Inc. (NASDAQ: EACO), today reported that management has discovered
accounting irregularities related to unbilled revenue which will cause the
Company to restate earnings for prior years.
Upon discovering the irregularities, the Company began an intensive
investigation and notified appropriate regulatory authorities.
Based upon the information which is presently available, the Company anticipates
the cumulative effect of the restatements will reduce earnings over prior year
periods by approximately $1.4 million, or $0.14 per share.
The Company will comment further on this matter after the ongoing investigation
has been completed.
EA Engineering, Science, and Technology, Inc. is an international consulting
firm specializing in the areas of energy, the environment, and health and
safety. Through a network of more than 20 offices, EA provides scientific,
engineering, economic, analytical, and management solutions for its 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: February 4, 2000 By: /s/ Barbara L. Posner
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Barbara L. Posner
Chief Financial Officer
Chief Operating Officer
