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UNITED STATES
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 -JULY 9, 1999
SWISHER INTERNATIONAL, INC.
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(NAME OF SMALL BUSINESS ISSUER)
NEVADA 0-21282 56-1541396
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(STATE OF INCORPORATION) (COMMISSION FILE NUMBER) (I.R.S EMPLOYER
IDENTIFICATION NO.)
6849 FAIRVIEW ROAD, CHARLOTTE, NC 28210
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(704) 364-7707
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(ISSUER'S TELEPHONE NUMBER)
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ITEM 5. OTHER EVENTS.
Swisher International, Inc. (the `Company') announced June 30, 1999
that a preliminary order was entered approving a complete settlement of the
class action suit filed against the Company in September of 1998 in the United
States District Court, Western District of North Carolina. The class includes
purchasers of the Company's Common Stock and Public Warrants between March 18,
1996 and May 12, 1998, inclusive.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Press Release issued June 30, 1999
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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 thereunto duly authorized.
SWISHER INTERNATIONAL, INC.
Date: July 9, 1999 By /s/ Thomas W. Busch
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Thomas W. Busch
Chief Financial Officer
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CONTACT: THOMAS W. BUSCH, CFO
SWISHER INTERNATIONAL, INC.
6849 FAIRVIEW ROAD
CHARLOTTE, NC 28210
PHONE (704) 364-7707, EXT. 157
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PRESS RELEASE
FOR RELEASE 12:00 P.M. EDT
JUNE 30, 1999
SWISHER INTERNATIONAL, INC. ANNOUNCES
SETTLEMENT OF CLASS ACTION LAWSUIT.
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CHARLOTTE, NC, JUNE 30, 1999: Swisher International, Inc. announced today that
a preliminary order was entered approving a complete settlement of the class
action suit filed against the Company in September of 1998 in the United States
District Court, Western District of North Carolina. The class includes
purchasers of the Company's Common Stock and Public Warrants between March 18,
1996 and May 12, 1998, inclusive.
Based on the terms of the settlement agreement, the Company will record a charge
to earnings of up to $250,000 related to the final settlement during the third
quarter ending July 31, 1999.
Patrick L. Swisher, President and Chief Executive Officer, states "While the
settlement will have a negative effect on the Company's third quarter earnings,
the Company is glad to have this behind us so that we can focus our resources to
improve the Company's operating results."
Statements contained in the press release that are not based upon current or
historical fact are forward looking in nature. Such forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from estimated results. Such risks and uncertainties are detailed in
Swisher International, Inc.'s filing with the Securities and Exchange
Commission.
