<PAGE> 1
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): December 11, 1998
-----------------
Security Dynamics Technologies, Inc.
-------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware
----------------------------------------------
(State or Other Jurisdiction of Incorporation)
000-25120 04-2916506
- ------------------------ ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
20 Crosby Drive
Bedford, Massachusetts 01730
- ---------------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
(781) 687-7000
----------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
-------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
ITEM 5. OTHER EVENTS.
On December 11, 1998, Security Dynamics Technologies, Inc. (the "Company")
announced that a purported class action lawsuit has been brought against it and
certain of its officers and directors in the United States District Court for
the District of Massachusetts. The plaintiff claims to represent all purchasers
of the Company's common stock during the period from September 30, 1997 through
July 15, 1998 and seeks unspecified damages on their behalf. The plaintiff
alleges that the defendants misled the investing public concerning demand for
the Company's products, the strengths of its technologies and certain trends in
the Company's business. The Company intends to vigorously defend this matter.
The full text of the Company's press release is filed as Exhibit 99 to this
Current Report on Form 8-K and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit No. Description
----------- -----------
99 Press Release
-2-
<PAGE> 3
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 hereunto duly authorized.
Date: December 11, 1998 SECURITY DYNAMICS TECHNOLOGIES, INC.
------------------------------------
(Registrant)
By: /s/ Arthur W. Coviello, Jr.
--------------------------------
Arthur W. Coviello, Jr.
Executive Vice President and
Chief Operating Officer
-3-
<PAGE> 4
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99 Press Release
<PAGE> 1
EXHIBIT 99
Security Dynamics Announces Purported Class Action Lawsuit
BEDFORD, Mass., Dec. 11 /PRNewswire/ -- Security Dynamics Technologies, Inc.
(Nasdaq: SDTI - news), a leading provider of enterprise network and data
security solutions, today announced that a purported class action lawsuit has
been brought against it and certain of its officers and directors in the United
States District Court for the District of Massachusetts. The plaintiff claims to
represent all purchasers of Security Dynamics' common stock during the period
from September 30, 1997 through July 15, 1998 and seeks unspecified damages on
their behalf. The plaintiff alleges that the defendants misled the investing
public concerning demand for Security Dynamics' products, the strengths of its
technologies and certain trends in Security Dynamics' business. Security
Dynamics intends to vigorously defend this matter.
About Security Dynamics
Security Dynamics is a leading provider of enterprise network and data security
solutions that help companies conduct business securely, protect corporate
information assets and facilitate business-to-business electronic commerce. With
more than 3.5 million users of its SecurID(R) authentication technology,
Security Dynamics is the world leader in two-factor user identification and
authentication. RSA Data Security, Inc., a wholly owned subsidiary of Security
Dynamics, is a leading supplier of software components that secure electronic
data, with more than 400 million copies of RSA encryption and authentication
technologies installed worldwide. RSA technologies are part of existing and
proposed standards for the Internet and World Wide Web, ISO, ITU-T, ANSI, IEEE,
and business, financial and electronic commerce networks around the globe.
Security Dynamics and RSA can be found on the World Wide Web at
www.securitydynamics.com and www.rsa.com, respectively.
