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) October 5, 1999
(October 1, 1999)
Protection One, Inc. Protection One Alarm Monitoring, Inc.
(Exact Name of Registrant (Exact Name of Registrant
as Specified in Charter) as Specified in Charter)
Delaware Delaware
(State or Other Jurisdiction (State or Other Jurisdiction
of Incorporation) of Incorporation)
0-247802 33-73002-1
(Commission File Number) (Commission File Number)
93-1063818 93-1065479
(I.R.S. Employer (I.R.S. Employer
Identification No.) Identification No.)
600 Corporate Pointe, 12th Floor 600 Corporate Pointe, 12th Floor
Culver City, California 90230 Culver City, California 90230
(Address of Principal Executive (Address of Principal Executive
Offices, Including Zip Code) Offices, Including Zip Code)
(310) 342-6300 (310) 342-6300
(Registrant's Telephone Number, (Registrant's Telephone Number,
Including Area Code) Including Area Code)
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Item 5. Other Events
On October 1, 1999, Protection One, Inc. announced it has received a 30-
day waiver from its banks on its revolving credit facility.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 - Press release dated as of October 1, 1999, issued by
Protection One, Inc.
<PAGE>
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.
Date: October 5, 1999 By: /s/ Anthony D. Somma
Anthony D. Somma
Chief Financial Officer
Protection One Alarm Monitoring, Inc.
Date: October 5, 1999 By: /s/ Anthony D. Somma
Anthony D. Somma
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit Number Description of Exhibit
99.1 Press release dated as of October 1,
1999, issued by Protection One, Inc.
Exhibit 99.1
Media Contact:
Robin J. Lampe
Phone: (785) 575-6468
Investor Contact:
Adam M. Goldston
Phone: (310) 258-6502
FOR IMMEDIATE RELEASE
PROTECTION ONE
RECEIVES BANK WAIVER
CULVER CITY, Calif., October 1, 1999 Protection One, Inc. (NYSE:POI)
today announced it has received a 30-day waiver from its banks on its
revolving credit facility.
The company continues to work closely with the banks on an amendment to
its revolving credit agreement.
As of September 30, 1999, the company had approximately $216 million
drawn under the revised facility with a reduced limit of $250 million.
Protection One, one of the leading residential security alarm companies
in the United States, provides monitoring and related security services to
more than 1.6 million residential and commercial subscribers in North America
and Europe.
Statements contained in this press release concerning statements of
management's beliefs, goals and expectations are "forward-looking statements"
as the 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. Certain information in this release constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, and is subject to the safe harbor protections of that Act. Other
risks and uncertainties are described in Protection One's 1998 Form 10-K/A
filed with the Securities and Exchange Commission on April 14, 1999 and
quarterly reports on Form 10-Q filed May 17, 1999 and August 16, 1999.
Protection One disclaims any obligations to update any forward-looking
statements as a result of developments occurring after the date of this press
release.
