SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 11, 1999
(Date of Earliest Event Reported)
COMMAND SECURITY CORPORATION
(Exact name of Registrant as Specified in its Charter)
New York
(State of Incorporation)
0-18684
(Commission File Number)
14-1626307
(IRS Employer Identification No.)
Lexington Park, Lagrangeville, New York 12540
(Address of Principal Executive Offices)
(914) 454-3703
(Registrant's Telephone Number)
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Item 1-Item 4 Not Applicable.
Item 5 : Other Events. Not Applicable.
Item 6 Not Applicable.
Item 7 Financial Statements and Exhibits.
(a),(b)
(c) Exhibits
(i) Press release dated November 11, 1999.
Item 8. Not applicable.
Item 9. Not applicable.
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.
Date: November 12, 1999 COMMAND SECURITY CORPORATION
By: /s/ Nathan Nelson
Nathan Nelson
Chief Financial Officer
<PAGE>
FOR IMMEDIATE RELEASE CONTACT: William C. Vassell Donald Radcliffe
Chairman Radcliffe & Associates, Inc.
Tel: (914)454-3703 Tel: (212)605-0174
BOARD OF DIRECTORS OF COMMAND SECURITY
AUTHORIZES ADDITIONAL PURCHASE OF ITS COMMON STOCK
Lagrangeville, New York *** November 11, 1999 *** Command Security
Corporation (NASDAQ:CMMD) announced today that its Board of Directors has
authorized the purchase of an additional 100,000 shares of its common stock.
The Board had announced its intention to purchase the initial 100,000 shares
on October 12, 1999. As of November 9, 1999 the company had purchased 81,800
of those 100,000 shares. These purchases will be made in the open from time
to time depending on market conditions.
William C. Vassell, Chairman of Command said, "The Board continues to feel
that our common stock is undervalued in view of our improving fundamentals as
evidenced by our recent quarterly results. We announced on November 1, 1999
that the Company had earned $.07 per share for the quarter and $.10 for the
first six months. We are also pleased that our senior lender again granted us
a waiver from the standard covenants in our loan agreement to allow us to
continue to take advantage of this opportunity."
The Company also announced that it has filed its 10-Q for the quarter ended
September 30, 1999 today.
Statements in this press release other than statements of historical fact are
"forward-looking statements." Such statements are subject to certain risks
and uncertainties including the demand for the Company's services,
litigation, labor market, and other risk factors identified from time to time
in the Company's filings with the Securities and Exchange Commission that
could cause actual results to differ materially from any forward looking
statements. These forward-looking statements represent the Company's judgment
as of the date of this release. The Company disclaims, however, any intent or
obligation to update these forward-looking statements.
Command Security Corporation provides security services through company-owned
offices in New York, New Jersey, California, Illinois, Connecticut, Florida,
Georgia, Massachusetts and Pennsylvania and provides services to independent
security companies nationwide.
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