0000891554-01-505099.txt : 20011009 0000891554-01-505099.hdr.sgml : 20011009 ACCESSION NUMBER: 0000891554-01-505099 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010924 ITEM INFORMATION: Other events FILED AS OF DATE: 20010926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPLUS INC CENTRAL INDEX KEY: 0001022408 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 541817218 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28926 FILM NUMBER: 1744904 BUSINESS ADDRESS: STREET 1: 400 HERNDON PARKWAY CITY: HERNDON STATE: VA ZIP: 20176 BUSINESS PHONE: 7038345710 MAIL ADDRESS: STREET 1: 400 HERNDON PARKWAY STREET 2: SUITE B CITY: HERNDON STATE: VA ZIP: 20170 FORMER COMPANY: FORMER CONFORMED NAME: MLC HOLDINGS INC DATE OF NAME CHANGE: 19960906 8-K 1 f8k_092401.txt CURRENT REPORT 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): September 20, 2001 ePlus inc. (Exact name of registrant as specified in its charter) Delaware 000-28926 54-1817218 (State or other Commission File Number (IRS Employer jurisdiction) of Identification No.) incorporation 400 Herndon Parkway, Herndon, Virginia 20176 (Address, including zip code, of principal executive office) (703) 834-5710 (Registrant's telephone number, including area code) Item 5. Other Events On September 20, 2001, ePlus inc. issued a press release announcing that its Board of Directors authorized the repurchase from time to time of up to 750,000 shares of its outstanding common stock to a maximum of $5,000,000. The purchases can commence immediately and end no later than September 20, 2002. The purchases may be made in the open market or in privately negotiated transaction, subject to availability, at prices deemed appropriate by management. Item 7. Exhibits Exhibit Number Exhibit Description 99.1 Press Release dated September 20, 2001, "ePlus Announces Stock Repurchase Program". SIGNATURES 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. ePlus inc. Dated: September 25, 2001 By:/s/Steven J. Mencarini ---------------------- Steven J. Mencarini Chief Financial Officer EXHIBIT INDEX Exhibit Number Exhibit Description 99.1 Press Release dated September 20, 2001, "ePlus Announces Stock Repurchase Program". EX-99.1 CHARTER 3 ex99-1_092401.txt EXHIBIT 99.1 Company Contacts: Steve Mencarini, CFO Kley Parkhurst, SVP Tel: (703) 810-2596 Tel: (703) 709-1924 smencarini@eplus.com kparkhurst@eplus.com ePLUS ANNOUNCES STOCK REPURCHASE PROGRAM Herndon, VA, September 20, 2001 - ePlus inc (Nasdaq NM: PLUS) announced today that its Board of Directors has authorized the repurchase from time to time of up to 750,000 shares of its outstanding common stock to a maximum of $5 million. Purchases may commence immediately and end no later than September 20, 2002. The purchases may be made in the open market or in privately negotiated transactions, subject to availability, at prices deemed appropriate by management. The repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. ePlus had approximately 10.1 million shares of common stock outstanding as of Friday, September 14, 2001. About ePlus ePlus is a leading provider of Web-based e-procurement, asset management, financing solutions and eContent Management and Outsourcing. The ePlusSuite of products and services is comprised of Procure+, MarketBuilder, Manage+, Finance+, Service+, and the ePlusMarket, to help today's businesses dynamically streamline, improve, and gain management control. ePlus also has an eContent creation and management suite of products. ePlus solutions integrate and automate every aspect of the supply chain process: from requisition to approval, fulfillment, financing and asset management. Founded in 1990, the company is headquartered in Herndon, VA and has more than 25 locations in the US. For more information, visit our website at www.eplus.com, call 800-827-5711 or email to info@eplus.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements. Actual and anticipated future results may vary due to the following risks and uncertainties, including, without limitation, general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate our executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology; the lack of long-term contracts in certain business units; its ability to enter into and retain its existing, strategic relationships; market acceptance; rapid technological change; a decline in Internet usage and intense competition in its market; its ability to effectively integrate the operational, managerial and financial aspects of future acquisitions; demand and competition for the Company's lease financing and equipment sales and asset management services, and the products to be leased or sold by the Company; the continued availability to the Company of adequate financing including permanent non-recourse and recourse debt, and working capital lines of credit; the ability of the Company to recover its investment in equipment through remarketing; the successful execution of its e-commerce strategy; the amount of equipment ordered, purchased and/or leased by its customers; and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Investors are cautioned that current financial results may not be indicative of future results.