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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) July 10, 1995
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Sensormatic Electronics Corporation
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(Exact name of registrant as specified in charter)
Delaware 1-10739 34-1024665
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(State or other jurisdic- (Commission file (IRS employer
tion of incorporation) number) identification No.)
500 N.W. 12th Avenue
Deerfield Beach, Florida 33442
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(305) 420-2000
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Three shareholder actions have been filed against the Company in the
United States District Court for the Southern District of Florida. The actions
were filed by William Neuman and Robert Ehrenreich on July 10, 1995, and by
Eugene Friedman and Clara Friedman, as joint tenants, on July 12, 1995. Also
named as defendants in the actions were Ronald G. Assaf, Chairman of the Board,
President and Chief Executive Officer; Gerd Witter, President of Sensormatic
Europe; Lawrence J. Simmons, Vice President of Finance and Chief Accounting
Officer; Michael E. Pardue, formerly Executive Vice President, Chief Operating
Officer and Chief Financial Officer and a director; and John T. Ray, Jr. and
Arthur G. Milnes, directors. Filing of the actions followed the Company's
announcement on July 7, 1995, that its earnings for the quarter and year ended
June 30, 1995, would be substantially below expectations. The complaints,
which are substantially identical, allege, among other things, that commencing
on December 30, 1994, the Company and certain other named defendants issued
false and misleading statements about the Company's business prospects and
failed to disclose allegedly adverse information, particularly relating to the
Company's merger with Knogo Corporation consummated December 30, 1994, all of
which allegedly inflated the price of the Company's stock artificially.
The four plaintiffs, who, in the aggregate, claim to have purchased 200
shares of the Company's stock and to have sold 200 put contracts during the
period in question, seek class certification and unspecified rescissory or
compensatory damages, together with interest, costs, attorneys' fees and other
relief, for themselves and other putative class members who purchased the
Company's common stock or related securities during the period December 30,
1994, through July 6, 1995. The Company believes its prior public disclosures
were at all times appropriate to the circumstances when made and intends to
vigorously defend against these suits.
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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 thereunto duly authorized.
Dated: July 19, 1995
SENSORMATIC ELECTRONICS CORPORATION
By /s/ Miguel A. Flores
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Miguel A. Flores
Vice President and Treasurer
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