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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): July 15, 1996
VIDEO LOTTERY TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19322 81-0470853
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
115 Perimeter Center Place, Suite 911, Atlanta, GA 30346
(Address of principal executive offices and zip code)
(770) 481-1800
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On July 15, 1996 Video Lottery Technologies, Inc. (VLT) announced the
termination of its contract with Electronic Data Systems Corporation (EDS)
under which EDS has provided VLT's subsidiary, Automated Wagering
International, Inc. with technical and other outsourcing services. EDS and VLT
have initiated an arrangement under which EDS will continue to provide, on a
week-to-week basis, similar services as previously provided by EDS under the
terminated contract. A copy of the press release announcing the event is
attached as Exhibit 5.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit 5.1 Press Release by Video Lottery Technologies, Inc.,
dated July 15, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
VIDEO LOTTERY TECHNOLOGIES, INC.
/s/ Janet M. Bjork
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Date: July 18, 1996 Janet M. Bjork
Assistant Secretary
(authorized to sign on behalf of Registrant)
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EXHIBIT INDEX
<TABLE>
Exhibit Page
Number Description Number
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<S> <C> <C>
5.1 Press Release dated July 15, 1996 5
</TABLE>
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Exhibit 5.1
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FROM: VIDEO LOTTERY TECHNOLOGIES, INC.
115 Perimeter Center
Atlanta, GA 30346
MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 507-9500
Contact: Laurie Terry - Email: [email protected]
Bob Sommer - Email: [email protected]
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FOR IMMEDIATE RELEASE
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VIDEO LOTTERY TECHNOLOGIES ANNOUNCES TERMINATION
OF EDS OUTSOURCING CONTRACT
ATLANTA, July 15, 1996 -- Video Lottery Technologies, Inc. (Nasdaq
National Market: VLTS) has announced the termination of its contract with
Electronic Data Systems Corporation (EDS), under which EDS has provided VLT's
subsidiary, Automated Wagering International, Inc. (AWI), with technical and
other outsourcing services in connection with AWI's on-line lottery operations.
At the same time, EDS and the Company have initiated an arrangement under
which EDS will continue to provide AWI, on a week-to-week basis, similar
services as previously provided by EDS under the terminated contract.
As previously reported, EDS and VLT have been in a dispute over various
payment and performance issues under the contract which remain unresolved. The
parties are continuing their efforts to resolve those differences.
Video Lottery Technologies, Inc., through its subsidiaries - Automated
Wagering International, Inc., Video Lottery Consultants, Inc., and United Tote
- -- is one of the leading suppliers of system software, equipment, and related
services for on-line lotteries, video lotteries and pari-mutuel systems
throughout the world. Presently, the subsidiaries' equipment and systems are
in operation in the United States, Canada, Australia, Europe, Asia, South
America and the Caribbean.
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