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: October 6, 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 October 6, 1999.
(ii) Press release dated October 12, 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: October 12, 1999 COMMAND SECURITY CORPORATION
By: /s/ Nathan Nelson
Nathan Nelson
Chief Financial Officer
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For Immediate Release Contact: William C. Vassell Donald Radcliffe
Chairman Radcliffe & Associates, Inc
Tel:(914) 454-3703 Tel:(212) 605-0174
TWO DIRECTORS OF COMMAND SECURITY
PURCHASE 110,000 SHARES OF STOCK
IN OPEN MARKET DURING SEPTEMBER
Lagrangeville, New York *** October 6, 1999 *** Command Security Corporation
(NASDAQ:CMMD) announced today that during the month of September, two of its
directors, William C. Vassell, Chairman and Peter Kikis purchased 49,000
shares and 61,000 respectively of its common stock in the open market. These
transactions will be detailed on Form 4's which are currently being filed.
Commenting on their purchases, the directors said, "The Company continues to
make progress, inprove cash flow, monitor costs and add new business. Our
interim results for July and August have continued to demonstrate this
progress. We believe that the current stock price does not reflect the value
of the Company and may continue to purchase additional stock in the open
market."
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
judgement 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.
<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
SECURITIES AUTHORIZES PURCHASE OF ITS COMMON STOCK
Lagrangeville, New York *** October 12, 1999 *** Command Security Corporation
(NASDAQ:CMMD) announced today that its Board of Directors has authorized the
purchase of up to 100,000 shares of its common stock. These purchases will be
made in the open market from time to time depending on market conditions.
William C. Vassell, Chairman of Command said, "The Board feels that the
company has made substantial progress during recent months and that its
common stock is currently undervalued. We believe that the purchase of shares
is a good investment and beneficial to our shareholders. We were pleased that
our senior lender granted us a waiver from the standard covenants in our loan
agreement to allow us to take advantage of this opportunity."
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
judgement 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.
