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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 (Date of earliest event reported): May 6, 1999
TCSI CORPORATION
(Exact Name of Registrant as specified in charter)
Commission File Number 0-19377
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Nevada 68-0140975
(State or other jurisdiction of incorporation) I.R.S. Employer Identification Number
1080 Marina Village Parkway
Alameda, California 94501
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (510) 749-8500
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Item 5. Other Events
On May 6, 1999, the Company announced that it reached preliminary
settlement of the shareholder class action lawsuits pending against the Company
and certain of its officers and directors in the United States District Court
for the Northern District of California and the Superior Court for the State of
California in and for Alameda County. The settlement will not have a material
effect on the Company's financial position or on its financial results of
operations. The settlement is subject to court approval.
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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 hereunto duly authorized.
TCSI CORPORATION
Dated: May 19, 1999 By: /s/ Arthur H. Wilder
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Arthur H. Wilder
Chief Financial Officer, Secretary
and Treasurer
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TCSI CORPORATION
CURRENT REPORT ON FORM 8-K
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release dated May 6, 1999
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EXHIBIT 99.1
TCSI
NEW
RELEASE
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FOR IMMEDIATE RELEASE
For additional information contact:
Leigh Salvo - (510) 749-8653
TCSI Corporation Announces Settlement of Shareholder
Class Action Lawsuit
ALAMEDA, California - May 6, 1999 - TCSI Corporation (Nasdaq: TCSI) announced
today that it has reached a preliminary settlement of the shareholder class
action lawsuits pending against the Company and certain of its officers and
directors in the United States District Court for the Northern District of
California and the Superior Court for the State of California in and for Alameda
County. The settlement involves payment of an amount comprised of proceeds from
the Company's Director and Officer insurance policies. Neither the Company nor
the individuals involved is contributing to the settlement of the actions. The
settlement will not have a material effect on TCSI's financial position or on
its financial results of operations. The settlement is subject to court
approval.
About TCSI Corporation
TCSI is a leading provider of integrated software products and services for the
global telecom industry. A recognized innovator in component-based applications
technology, TCSI products and services enable telecom service providers,
equipment manufacturers, and systems integrators to rapidly meet the growing
demand for automated management of a wide range of networks and services. The
Company offers SolutionCore(R) - a telecom applications development and
deployment platform, SolutionSuites(R) - sets of packaged, highly-configurable
OSS applications, and SolutionServices(TM) - specialized OSS-related consulting
services. TCSI serves its customers in offices throughout North America, Europe,
and the Pacific Rim. TCSI is headquartered at 1080 Marina Village Parkway,
Alameda, CA, 94501, +1 510-749-8500, fax: +1 510-749-8700, http://www.tcsi.com.
This press release contains certain forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to a number of risks and uncertainties
which could cause actual results to differ materially from those projected. Such
risks include, but are not limited to the following: the settlement may not be
approved by the court; the settlement is preliminary, therefore, the terms of
the settlement are subject to change. Further risks are detailed in the
Company's filings with the Securities and Exchange Commission, including its
most recent annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
