-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Avd7g4zISQTWZp6UzaYP5LZ6UkQKt2UeE3Xs7D8btCS+9ziJuPAVVdLM5DdeByKS YqO1ViT1rIdsUkek07kYMg== 0001019687-04-001482.txt : 20040706 0001019687-04-001482.hdr.sgml : 20040705 20040706082801 ACCESSION NUMBER: 0001019687-04-001482 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040702 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIMULATIONS PLUS INC CENTRAL INDEX KEY: 0001023459 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 954595609 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32046 FILM NUMBER: 04901355 BUSINESS ADDRESS: STREET 1: 1220 W. AVENUE J STREET 2: * CITY: LANCASTER STATE: CA ZIP: 93534-2902 BUSINESS PHONE: 661-723-7723 MAIL ADDRESS: STREET 1: 1220 W. AVENUE J CITY: LANCASTER STATE: CA ZIP: 93534-2902 8-K 1 simulations_8k-070204.txt UNITED STATES 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 July 2, 2004 ------------ (Date of the earliest event reported) Simulations Plus, Inc. ---------------------- (Exact name of Registrant as specified in its charter) California 0-21665 95-4595609 ---------- ------- ---------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 1220 West Avenue J, Lancaster, California 93534 ----------------------------------------------- (Address of principal executive offices) (Zip Code) (661) 723-7723 -------------- Registrant's telephone number, including area code ITEM 5. OTHER EVENTS. On July 2, 2004, Simulations Plus, Inc., a California corporation (the "Company") issued a press release announcing that it has restructured its Words+ subsidiary. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Exhibits 99.1 Press release dated July 2, 2004 2 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 thereunto duly authorized. SIMULATIONS PLUS, INC. Dated: July 2, 2004 By: /s/ Momoko Beran --------------------------- Momoko A. Beran Chief Financial Officer 3 EXHIBITS INDEX -------------- Exhibit Number Description -------------- ----------- 99.1 Press release, dated July 2, 2004 4 EX-99.1 2 simulations_8kex99-1.txt EXHIBIT 99.1 SIMULATIONS PLUS SUBSIDIARY RESTRUCTURED ACTIONS EXPECTED TO RETURN DIVISION TO PROFITABILITY LANCASTER, CA, JULY 2, 2004 - Simulations Plus, Inc. (AMEX: SLP), the leading provider of ADME absorption simulation and neural net structure-to-property prediction software for pharmaceutical discovery and development, today announced that it has restructured its Words+ subsidiary. Jeffrey A. Dahlen, president of Words+, Inc., announced, "Today we have taken the difficult but necessary steps to reduce expenses for Words+ to a point that we believe will ensure profitable results for the current quarter. In addition to the reduction in workforce that was completed today, we will also be instituting a number of other changes to increase our operating efficiency and to maximize dealer effectiveness." Momoko Beran, chief financial officer for Simulations Plus, added, "We expect the actions taken today to result in a savings approaching $100,000 for the current quarter. This comes from a combination of a workforce reduction of over 30% and savings in other areas that we have identified." ABOUT SIMULATIONS PLUS, INC. Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development simulation software, which is licensed to and used in the conduct of drug research by major pharmaceutical and biotechnology companies worldwide. The Company has two other businesses, Words+, Inc. and FutureLab(TM), which are based on its proprietary software technologies. For more information, visit our Web site at www.simulations-plus.com. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 - - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: the actual savings realized from the actions described above, the level of sales Words+ is able to sustain in a highly competitive market, the ability of the Company to book revenues and earnings as it expects for the current quarter, the ability of the Company to maintain its competitive advantage, the general economics of the pharmaceutical industry, the ability of the Company to continue to attract and retain sufficient scientific and technical staff to sustain its R&D and customer support functions, and a sustainable market. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. 5 -----END PRIVACY-ENHANCED MESSAGE-----