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 (Date of earliest event reported): January 27, 2000
INFORMATION MANAGEMENT ASSOCIATES, INC.
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(Exact Name of Registrant as Specified in Charter)
Connecticut 001-13211 06-1289928
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
One Corporate Drive, Suite 400, Shelton, Connecticut 06484
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(Address of principal executive offices) (Zip Code)
(203) 925-6800
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Registrant's telephone number including area code
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
On January 27, 2000, Information Management Associates, Inc. ("IMA")
reported that a lawsuit had been filed against it and two of its officers in the
U.S. District Court of Connecticut. IMA issued a press release (the "Press
Release") announcing the filing of the lawsuit. The Press Release is hereby
incorporated by reference herein and is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press Release dated January 27, 2000.
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.
Date: January 27, 2000 INFORMATION MANAGEMENT
ASSOCIATES, INC.
By: /s/ Albert R. Subbloie, Jr.
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Name: Albert R. Subbloie, Jr.
Title: President and Chief
Executive Officer
<PAGE>
Exhibit Index
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Exhibit No. Exhibit
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99.1 Press Release dated January 27, 2000.
Exhibit 99.1
Company Press Release
IMA States Its Intention to Defend Unfounded Lawsuit
SHELTON, CT--Jan. 27, 2000--IMA (NASDAQ: IMAA - news) said today that a lawsuit
styled as a shareholder class action has been filed against it and two of its
officers in the U.S. District Court of Connecticut. The complaint alleges that
the Company purportedly violated federal securities laws by making materially
false and misleading statements and concealing material adverse facts during the
period between August 12, 1999 and November 18, 1999. The Company has reviewed
the complaint and believes that it is without merit. The Company intends to
defend the case vigorously.
About IMA
IMA provides synchronized, multi-channel e-business solutions, enabling
businesses to create market demand, manage that demand, and then respond to it
in the most effective manner with world-class customer interaction software
solutions. Gartner Group ranks IMA as a leader in customer service and support
systems and as a visionary in sales applications. Over 400 global organizations
including Bose Corp., Humana, ICT Group, Lloyds TSB, TXU, U.S. Cellular Corp.,
Xerox, Liberty Medical Supply, and Sky Alland depend on IMA products and
services to help grow their business through the process of acquiring and
retaining customers. IMA has headquarters in Shelton, Connecticut and offices
and representatives worldwide. More information about IMA's products and
services can be found on the World Wide Web at www.imaedge.com, requested via
email at [email protected] or by calling 1-203-925-6800.
Except for the historical information contained in this announcement, the
matters discussed in this announcement are "forward-looking statements" (as that
term is used in the Private Securities Litigation Reform Act of 1995) that
involve risks and uncertainties detailed from time to time in the Company's
filings with the Securities and Exchange Commission (the SEC). In particular,
IMA draws the reader's attention to the "Risk Factors" stated in the Company's
Registration Statement on Form S-1 dated July 30, 1997 and its accompanying
Prospectus, the Company's Quarterly Reports on Form 10-Q dated August 14, 1997,
November 14, 1997, May 15, 1998, August 14, 1998, November 14, 1998, May 17,
1999, August 16, 1999, November 22, 1999, the Company's Annual Report on Form
10-K dated March 30, 1998 and March 31, 1999, as well as to the Company's
periodic and current reports as they are filed with the SEC.
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Contact:
Michael P. McGroarty
Vice President and General Counsel
IMA
203/925-6800
[email protected]
or
Christine Sten
Public Relations Manager
IMA
203/925-6800
[email protected]
