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 ACT OF 1934
Date of Report (Date of earliest event reported): November 9, 1999
XATA Corporation
(Name of small business issuer in its charter)
Minnesota 0-27166 41-1641815
(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
151 East Cliff Road, Burnsville, MN 55337
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: 612-894-3680
(Former name, former address and former fiscal year, if changed since last
report): N/A
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TABLE OF CONTENTS
Item 5. Other Events..........................................................1
Item 7. Exhibits..............................................................2
SIGNATURES....................................................................3
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ITEM 5. OTHER EVENTS
On November 9, 1999, the Board of Directors of Xata Corporation announced
that it had retained John G. Kinnard and Company to advise and assist it in
evaluating strategic opportunities, including a possible sale or merger, to
accelerate the growth of the company.
1
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ITEM 7. EXHIBITS
99.1 Press Release regarding retention of John G. Kinnard
2
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: November 12, 1999 XATA Corporation
By /s/ Gary C. Thomas
Gary C. Thomas, Chief
Financial Officer (Principal
Accounting and Financial
Officer)
3
EXHIBIT 99.1
FOR IMMEDIATE RELEASE CONTACT:
Gary C. Thomas
Chief Financial Officer
XATA Corporation
612-894-3680
XATA CORPORATION RETAINS JOHN G. KINNARD TO EXPLORE
GROWTH ALTERNATIVES
MINNEAPOLIS, November 9, 1999 - The Board of Directors of XATA Corporation
(Nasdaq/SM: XATA), today announced that it has retained John G. Kinnard &
Company to advise and assist the company in evaluating strategic opportunities,
including a possible sale or merger, to accelerate the growth of the company.
The company noted that there could be no assurance that these activities would
result in proposals acceptable to the company or that any transaction would be
completed.
"We have successfully completed our planned turnaround year. With the
release of SmartCom(TM), OpCenter(TM) and the successful testing of JAVALAN, the
company is positioned to take the next step towards further growth," said
Stephen A. Lawrence, Chairman of the Board. "Our enhanced product offerings
provide solutions to a much broader segment of the truck transportation market."
said Lawrence. "In order to reach our potential, we need to further explore
partnerships and other strategic alternatives."
XATA Corporation is the leading provider of onboard technology to the
transportation industry. XATA ONBOARD is the most powerful, advanced, yet
user-friendly onboard computer system on the market. XATA ONBOARD seamlessly
combines onboard computing, real-time communications, global positioning, and
fleet management software to provide an enterprise-wide logistics management
solution for America's largest fleets. The Internet address for XATA is
http://www.xata.com.
THIS ANNOUNCEMENT INCLUDES FORWARD-LOOKING STATEMENTS BASED ON CURRENT
EXPECTATIONS. THESE FORWARD-LOOKING STATEMENTS INVOLVE A NUMBER OF RISKS AND
UNCERTAINTIES INCLUDING, BUT NOT LIMITED TO, THE RECEIPT AND SHIPPING OF NEW
ORDERS FOR THE COMPANY'S PRODUCTS AND THE TIMELY INTRODUCTION AND MARKET
ACCEPTANCE OF NEW PRODUCTS.
