SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) June 16, 1997
AVERT, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-239052 84-1028716
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(State of other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
301 Remington, Fort Collins, Colorado 80524
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: 970-484-7722
No change
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(Former name of former address, if changed since last report)
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Item 5 Other Events
a) Avert, Inc. announced results of Annual Meeting on June 11, 1997.
Item 7 Financial Statements and Exhibits
c) Exhibits
Press release dated June 16, 1997 announcing results
of Annual Meeting
2
<PAGE>
SIGNATURE
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.
AVERT, INC.
June 19, 1997 By: /s/ Dean A. Suposs
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Date Dean A. Suposs
President
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EXHIBIT INDEX
Exhibit No. Exhibit Description Page
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30 Press Release, dated June 16, 1997 5
4
FOR IMMEDIATE RELEASE: NEWS
June 16, 1997 Nasdaq National Market/AVRT
http://www.avert.com
AVERT, INC. ANNOUNCES RESULTS OF ANNUAL MEETING
Shareholders Agree to Increase the Number of Incentive Stock Options
FORT COLLINS, Colorado - Avert, Inc. (Nasdaq National Market/AVRT), an
information services company that provides employment background checks to a
growing nationwide customer base, today announced results of the 1997 Avert
Annual Meeting held in Fort Collins, CO on June 11, 1997.
Three proposals were brought before the shareholders of the Company.
Shareholders approved a proposal to increase the number of incentive stock
options available for employees to 525,000 options, up from 363,337. Four
persons were elected to serve on the Avert, Inc. Board of Directors. Dean
Suposs, Michael Vaughan, Steve Fienhold, and Steve Joyce will serve the Company
until the next annual meeting. Additionally, shareholders ratified the selection
of Hein & Associates, LLC to remain the Company's auditors for the calendar year
of 1997.
"The positive response from the shareholders to increase the employee stock
options indicates that the public believes in the long term growth strategies of
the Company and the importance of making employees vested owners," said Dean
Suposs, President at Avert.
In unrelated business, the Company's redeemable warrants expired on April 30,
1997. The number of shares bought through the conversion of the redeemable
warrants was 88,125, with total net proceeds to the Company of $572,812. The
total number of Avert shares outstanding is now 3,488,125.
Through its headquarters in Fort Collins, Avert, Inc. is an information services
company that provides pre-employment services to thousands of employers
nationwide. Avert guarantees that its products and services are the most current
and accurate available. Products and services include criminal records, civil
records, workers' compensation histories, driving records, reference checks,
credit histories, education / credential verification and social security number
validation.
Avert, Inc.
Dean Suposs, President
970/484-7722
