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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 Exchange Act of 1934
Date of Report (Date of earliest event reported) August 4, 1998
IOS CAPITAL, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE File No. 0-20405 23-2493042
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification
Number)
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1738 Bass Road, Macon, Georgia 31210
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(Address of principal executive offices) (Zip Code)
(912) 471-2300
Registrant's telephone number, including area code:
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On August 4, 1998, the Registrant's parent, IKON Office Solutions, Inc.
("IKON"), issued a press release to report that IKON is in the process of
conducting the full review of operations previously announced and that IKON's
third quarter results will be announced on August 14, 1998.
This Report includes or incorporates by reference information which may
constitute forward-looking statements about the Registrant or IKON made pursuant
to the safe harbor provisions of the federal securities laws. Although the
Registrant believes the expectations contained in such forward-looking
statements are reasonable, no assurances can be given that such expectations
will prove correct. Such forward-looking information is based on the
Registrant's or IKON's current plans or expectations, and is subject to risks
and uncertainties that could significantly affect the Registrant's and/or IKON's
current plans, anticipated actions and future financial condition and results.
These uncertainties and risks include, but are not limited to, those relating to
IKON's successful management of an aggressive program to acquire and integrate
new companies, including companies with technical services and products that are
relatively new to IKON, and also including companies outside the United States,
which present additional risks relating to international operations; risks and
uncertainties (applicable to both the Registrant and IKON) relating to
conducting operations in a competitive environment; delays, difficulties,
technological changes, management transitions and employment issues (applicable
to both the Registrant and IKON) associated with a large-scale transformation
project; debt service requirements (applicable to both the Registrant and IKON),
including sensitivity to fluctuation in interest rates; and general economic
conditions. As a consequence, current plans, anticipated actions and future
financial condition and results may differ materially from those expressed in
any forward-looking statements made by or on behalf of the Registrant or IKON.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
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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.
IOS CAPITAL, INC.
By: /s/ Harry Kozee
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Harry Kozee
Vice President - Finance
Dated: August 4, 1998
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Index to Exhibit
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(99) IKON's Press Release dated August 4, 1998
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IKON OFFICE SOLUTIONS COMMENTS ON
THIRD QUARTER ANNOUNCEMENT
VALLEY FORGE, PENNSYLVANIA - AUGUST 4, 1998 - IKON Office Solutions
(NYSE: IKN) today announced that it is in the process of conducting the full
review of operations previously announced. This review is designed to give Mr.
Forese, the new President and CEO, a comprehensive and in-depth analysis of the
issues facing the company and the reasons for the disappointing financial
results in recent months.
The company expects to release third quarter results on August 14th. In
addition to announcing third quarter results, the Company will summarize the
steps it is taking to address the challenges facing the Company.
Despite these challenges, the Company believes that its business strategy
of delivering total solutions is sound and is based on a number of fundamental
strengths, including an extensive customer base and a broad array of state-of-
the-art product and service offerings. However, execution of this strategy
needs to improve.
IKON Office Solutions (www.ikon.com) is one of the world's leading office
technology companies providing customers with total office solutions from copier
and printing systems, computer networking and digital document services, to copy
center management, hardware and software product interfaces and electronic file
conversion. With fiscal 1997 revenues of more than $5 billion, IKON Office
Solutions has more than 1,100 locations in the U.S., Canada, Mexico, the United
Kingdom, France, Germany and Denmark.
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This news release includes information that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the federal securities
laws. Although IKON believes the expectations contained in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove correct. This information is subject to risk and uncertainties such as
those relating to managing an aggressive program to acquire and integrate new
companies; conducting activities in a competitive environment; delays,
difficulties, management transitions and employment issues associated with its
transformation; and general economic conditions. Therefore, actual results may
differ materially from the forward-looking statements.
