8-K 1 f8k101702.txt FORM 8-K - 10/17/2002 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): October 17, 2002 VOLT INFORMATION SCIENCES, INC --------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) New York 1-9232 13-5658129 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 560 Lexington Avenue, New York, New York 10022 ---------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) (212) 704-2400 --------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On October 17, 2002, Volt Information Sciences, Inc. (the "Company") issued a press release to the effect, among other things, that it has received a waiver of the interest coverage (the ratio of EBIT to interest expense) covenant, relating to its fiscal year ending November 3, 2002, contained in its $40,000,000 secured revolving credit facility. All other covenants of the facility remain in effect. The Company has no borrowings outstanding under this facility and there are no borrowings anticipated in the fourth quarter of fiscal 2002 or the first quarter of the next fiscal year. The Company also reported that the credit facility has been assigned a BBB- rating by Fitch IBCA, Duff & Phelps. Item 7. Financial Statements and Exhibits. (a) Financial statements of business acquired: Not applicable. (b) Pro forma financial information: Not applicable. (c) Exhibits: 99.1 Volt Information Sciences, Inc. Press Release dated October 17, 2002. S I G N A T U R E ----------------- 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. VOLT INFORMATION SCIENCES, INC. Date: October 23, 2002 By: /s/ James J. Groberg ------------------------------------- James J. Groberg, Senior Vice President -2- EXHIBIT INDEX ------------- Exhibit Number Description ------ ----------- 99.1 Volt Information Sciences, Inc. Press Release dated October 17, 2002.