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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 June 23, 1997
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Protection One, Inc. Protection One Alarm Monitoring, Inc.
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(Exact Name of Registrant (Exact Name of Registrant
as Specified in Charter) as Specified in Charter)
Delaware Delaware
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(State or Other (State or Other
Jurisdiction of Incorporation Jurisdiction of Incorporation
0-247802 33-73002-01
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(Commission File Number) (Commission File Number)
93-1063818 93-1065479
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(I.R.S. Employer Identification No.) (I.R.S. Employer Identification No.)
6011 Bristol Parkway, 6011 Bristol Parkway,
Culver City, California 90230 Culver City, California 90230
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(Address of Principal Executive (Address of Principal Executive
Offices, including Zip Code) Offices, including Zip Code)
(310) 338-6930 (310) 338-6930
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(Registrant's Telephone Number, Registrant's Telephone Number,
Including Area Code) Including Area Code)
N/A N/A
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(Former Name or Former Address, (Former Name or Former Address,
if Changed Since Last Report if Changed Since Last Report
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ITEM 5. OTHER EVENTS.
On June 23, 1997, the Registrants issued a press release concerning
an agreement entered into with Southwestern Bell Telephone Co. A copy of such
release is filed as an exhibit to this report, and the text of such press
release is incorporated herein by this reference.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
each Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PROTECTION ONE, INC.
PROTECTION ONE ALARM MONITORING, INC.
June 23, 1997 By: /s/ John W. Hesse
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John W. Hesse
Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press release issued by Protection One, Inc. and
Protection One Alarm Monitoring, Inc. on June 23, 1997
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[LOGO] [PROTECTION ONE(R) LETTERHEAD]
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FOR FURTHER INFORMATION CONTACT:
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Mr. John W. Hesse Executive Vice President
and Chief Financial Officer (503) 520-6010
or Montgomery W. Cornell, Treasurer (503) 520-6019
Protection One, Inc.
www.protectionone.com
FOR IMMEDIATE RELEASE
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PROTECTION ONE ANNOUNCES AGENCY AGREEMENT WITH
SOUTHWESTERN BELL TELEPHONE CO.
Culver City, California, June 23, 1997 -- Protection One (Nasdaq: ALRM)
announced today it has entered into a five-year automatically renewable
agreement with Southwestern Bell Telephone Co., which will act as Protection
One's sales and billing agent in Southwestern Bell's traditional five state
territory for the purposes of selling alarm monitoring services. Southwestern
Bell also will market, sell, install and maintain alarm systems monitored by
Protection One. Billings for Protection One's services will be reflected on the
customer's monthly telephone bill.
Jim Mackenzie, Chief Executive Officer and President of Protection One
said, "We are excited to have Southwestern Bell as our new sales agent. Given
their large customer base, marketing resources, low cost of capital and
operational expertise, this relationship represents an opportunity for us to
generate large numbers of subscribers and potentially significant "unleveraged"
cash flow. This relationship is truly a "win-win" situation where both
organizations can capitalize on their respective strengths. In addition, this
relationship gives Protection One the ability to leverage its infrastructure by
providing monitoring, call center and other services to a larger subscriber
base."
Statements contained in this press release concerning the Company's
outlook for the sales agency and other statements of management's beliefs and
expectations are "forward-looking statements" as that term is defined in the
Private Securities Litigation Reform Act of 1995, and are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in or implied by the statements. These risks and uncertainties
include the ability of the Company to add subscribers and generate significant
cash flow through the sales agency relationship. Other risk factors are
described in the cautionary statements included in Protection One's prospectus
dated January 2, 1997 (pages 5-11) and Protection One's Current Report on Form
8-K dated September 20, 1996, which statements are incorporated herein by
reference. Protection One disclaims any obligation to update any
forward-looking statement as a result of developments occurring after the date
of this press release.
Protection One provides security alarm monitoring services and sells,
installs, and services security alarm systems for residential and small
business subscribers, substantially all of whom are located in the seven
western states of Arizona, California, Nevada, New Mexico, Oregon, Utah and
Washington.
Southwestern Bell Telephone Co., which provides service in Texas,
Oklahoma, Missouri, Arkansas and Kansas, is a subsidiary of SBC Communications
Inc. (NYSE: SBC).
