-----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, P+X16R0RX6JgDkmeEaR0NJ7xoDN6PszmbSs3KA4QtI/8b8JocVYpPZ4BMoW3DeJ0 kDQ+8fL2fnUm/gRnKNsSkg== 0001104659-08-049933.txt : 20080805 0001104659-08-049933.hdr.sgml : 20080805 20080805153619 ACCESSION NUMBER: 0001104659-08-049933 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080730 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080805 DATE AS OF CHANGE: 20080805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPIQ SYSTEMS INC CENTRAL INDEX KEY: 0001027207 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 481056429 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22081 FILM NUMBER: 08991193 BUSINESS ADDRESS: STREET 1: 501 KANSAS AVENUE CITY: KANSAS CITY STATE: KS ZIP: 66105-1309 BUSINESS PHONE: 9136219500 MAIL ADDRESS: STREET 1: 501 KANSAS AVENUE CITY: KANSAS CITY STATE: KS ZIP: 66105-1309 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONIC PROCESSING INC DATE OF NAME CHANGE: 19961116 8-K 1 a08-20918_18k.htm 8-K

 

 

 

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

 

August 5, 2008 (July 30, 2008)

Date of Report (Date of earliest event reported)

 

EPIQ SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

Missouri

 

0-22081

 

48-1056429

(State or other jurisdiction

of incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification Number)

 

501 Kansas Avenue

Kansas City, Kansas 66105

(Address of principal executive offices)

 

(913) 621-9500

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

 

 

 


 

Item 8.01.  Other Events.

 

On July 30, 2008, Epiq Systems, Inc. was notified that a complaint, styled Alaska Electrical Pension Fund, derivatively on behalf of Epiq Systems, Inc., plaintiff, v. Tom W. Olofson, et al, defendants, and Epiq Systems, Inc., nominal defendant, was filed in the U.S. District Court for the District of Kansas.  The complaint is a purported shareholder derivative action against the current members of the board of directors of the company, certain of its executives, a former director and a former executive.  The complaint alleges that the company backdated certain stock options from 1997 through January 2006, that the individual defendants either participated in the backdating or permitted it to occur, violations of generally accepted accounting principles and related claims of false and misleading proxy statements and annual reports filed by the company under the Securities Exchange Act of 1934 as a result of the purported backdating of options.  The complaint also alleges various violations of state law, breaches of fiduciary duty of loyalty and insider trading in Epiq Systems stock.  Plaintiff is seeking unspecified money damages, an accounting for profits obtained from the alleged backdating of options, specified changes in the company’s corporate governance policies, punitive damages and rescission of the allegedly backdated options.

 

As of the date of this report, the company has not been served in this matter.  The company will defend against these claims vigorously.

 

 

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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.

 

 

 

EPIQ SYSTEMS, INC.

 

 

 

 

 

 

 

Date: August 5, 2008

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Tom W. Olofson

 

 

Name:

Tom W. Olofson

 

 

Title:

Chairman of the Board

 

 

 

and Chief Executive Officer

 

 

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