SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: February 13, 1996
VERSAR, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-9309 54-0852979
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6850 Versar Center
Springfield, Virginia 22151
(Address of Principal
Executive Offices)
(703) 750-3000
(Registrant's telephone number, including area code)
None
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On February 13, 1996, Versar, Inc. issued the press release attached
hereto and made a part hereof.
<PAGE>
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.
VERSAR, INC.
Date: , 1996 By: /s/ Lawrence W. Sinnott
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Lawrence W. Sinnott
Vice President, Chief
Financial Officer and
Treasurer
FOR IMMEDIATE RELEASE TUESDAY - FEBRUARY 13, 1996
VERSAR ANNOUNCES STOCK BUYBACK PROGRAM
(Springfield, Virginia, February 13, 1996)- Versar, Inc. (Amex: VSR). Versar,
announced today that its Board of Directors has authorized a common stock
repurchase program to acquire up to the lesser of $1M or 250,000 shares of its
outstanding common stock on the open market or through private negotiated
transactions, which stock will be used to meet the Company's obligations to
match employee contributions in the Versar employee 401(k) program. Versar
presently has approximately 4,890,000 shares outstanding.
Ben Rawls, Chairman and President of Versar, Inc., said, "The Board of Directors
decided that Versar's common shares stock is attractively priced and that it
would be in the interest of the Company to purchase shares on the open market to
help the Company fulfill its obligations to provide the necessary matching
amounts to the Versar employees 401(k) plan. I believe that such a program is
in the best interest of the Company's employees and its shareholders."
Versar, Inc. headquartered in Springfield, Virginia, is a publicly held,
national environmental consulting company which provides a wide variety of
scientific and technical services to help industry and government prevent
pollution, manage environmental compliance, and correct environmental health and
safety problems caused by pollution, hazardous materials, and toxic substances.
Contact: James C. Dobbs (703) 642-6712
