-----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, Kgayw/DT83JqAXEeJO0nE8nTdw80dhG1iObGvTWUn2dngB46wn3azXzDD43/l5/7 RiFdJEz0TrbTfp/frAHAsg== 0000950123-98-007958.txt : 19980828 0000950123-98-007958.hdr.sgml : 19980828 ACCESSION NUMBER: 0000950123-98-007958 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19980820 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980827 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES INC CENTRAL INDEX KEY: 0000103872 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 135658129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09232 FILM NUMBER: 98698680 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2127042400 MAIL ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: VOLT TECHNICAL CORP DATE OF NAME CHANGE: 19680913 8-K 1 VOLT INFORMATION SCIENCES, INC. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------------- FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 20, 1998 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.) 1221 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10020 - ------------------------------------------------------------------------------- (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) 2 Item 5. Other Events - ------- ------------ On August 20, 1998, the Company issued the press release attached to this report as Exhibit 99.01 concerning the formation of a joint venture. On August 24, 1998, the Company issued the press release attached to this report as Exhibit 99.02 concerning the election of two additional members to the Company's Board of Directors. Item 7. Financial Statements, Pro Forma Financial Information and - ------- --------------------------------------------------------- Exhibits -------- (a) Financial statements of business acquired: Not applicable. (b) Pro forma financial information: Not applicable. (c) Exhibits: 99.01 Volt Information Sciences, Inc. Press Release dated August 20, 1998. 99.02 Volt Information Sciences, Inc. Press Release dated August 24, 1998. 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: August 26, 1998 By: /s/ James J. Groberg -------------------------------- James J. Groberg, Senior Vice President 3 EXHIBIT INDEX -------------
Exhibit Number Description - ------ ----------- 99.01 Volt Information Sciences, Inc. Press Release dated August 20, 1998. 99.02 Volt Information Sciences, Inc. Press Release dated August 24, 1998.
EX-99.01 2 PRESS RELEASE DATED AUGUST 20, 1998 1 FOR IMMEDIATE RELEASE CONTACTS: - --------- JAMES J. GROBERG STACY LIPSCHITZ RON KOCHMAN RUDER FINN, INC. (212) 704-2400 (212) 583-2757 jgroberg@volt.com lipschitzs@ruderfinn.com VOLT INFORMATION SCIENCES AND TELUS ADVERTISING SERVICES FORM JOINT VENTURE NEW YORK, NY, August 20, 1998 -- Volt Information Sciences, Inc. (NYSE:VOL) and TELUS Advertising Services ("TAS"), a wholly owned subsidiary of TELUS Corporation, announced today that they have formed a joint venture for the publishing of community telephone directories. The two partners have committed $25 million each for the acquisition, start-up, and operation of a business engaged in the publication of community telephone directories in the western half of the United States. The companies believe that by pooling their resources the joint venture will have the ability to capture a significant market share in a geographic region presently undeveloped by either of the companies. The new business will operate under the supervision of a management committee represented equally by Volt and TAS. This joint venture further expands Volt's existing relationship with TELUS. Under an existing contract, Volt provides TELUS with all publishing and prepress system services for its Canadian directories through the Year 2005. "Volt is an ideal collaborative partner for TELUS Advertising Services, as we prepare to expand beyond the boundaries of our home market in Alberta into the United States," commented Don Romaniuk, President of TAS. "Given the twenty years experience with each other in Canada, the chemistry between our two companies is outstanding. By combining our complementary strengths and skill sets, we see no barriers to our continued rapid growth in the directory publishing business," he concluded. (Page 1 of 2) 2 Gerard DiPippo, President of Volt Directory Division added, "Our special relationship has now expanded into a cooperative effort which will certainly enhance the directory publishing potential for both companies. After many years, our respective personnel have become extremely familiar with each other, and this association will help in building this new joint venture." TAS is presently the publisher of the telephone directories of TELUS Corporation in Canada. Volt, through its wholly owned subsidiary, DataNational, is a publisher of community telephone directories in the United States, primarily in the mid-Atlantic and southern part of the country. TELUS Corporation, is Canada's third largest telecommunications company, with more than 9,000 employees and CDN$4.4 billion in assets. Through its subsidiaries, TELUS provides local and long distance phone service, Internet, multimedia, wireless, data and advertising services. Volt Information Sciences, Inc. operates a technical services and temporary staffing business, provides varied services to the telecommunications industry, and furnishes electronic prepress equipment and services to the print media industry. Revenue in fiscal 1997 was $1.4 billion. ### This press release contains forward-looking statements which, in addition to assuming a continuation of the degree and timing of customer utilization and rate of renewals of contracts with the Company at historical levels, are subject to a number of known and unknown risks that, in addition to general economic, competitive and other business conditions, could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Additional information concerning the factors that could cause actual results to differ materially from those in the forward-looking statements is contained in Company reports filed with the Securities and Exchange Commission. (Page 2 of 2) EX-99.02 3 PRESS RELEASE DATED AUGUST 24, 1998 1 FOR IMMEDIATE RELEASE CONTACTS: - --------- JAMES J. GROBERG STACY LIPSCHITZ RON KOCHMAN RUDER FINN, INC. (212) 704-2400 (212) 583-2757 jgroberg@volt.com lipschitzs@ruderfinn.com VOLT ADDS TWO TO BOARD OF DIRECTORS NEW YORK, NY, August 24, 1998 -- Volt Information Sciences, Inc. (NYSE:VOL) announced today the election of William H. Turner, 58, and Stephen A. Shaw, 38, to the Company's Board of Directors. The appointments increase the number of directors to eight. Mr. Turner, who retired in 1996 as a Vice Chairman of Chase Bank after a 34-year career with Chase and its predecessors, is now President of The PNC Bank of New Jersey. In addition to numerous philanthropic activities, Mr. Turner serves on several not-for-profit Boards. He also is a member of the Board of Directors of Standard Motor Products, Inc. and Franklin Electronic Publishers, Inc. Mr. Shaw is a Corporate Vice President of Volt, overseeing technical staffing services in the Northeast United States. He joined Volt in 1982 and left in 1986 to start his own telecommunications business. Since rejoining the company in 1995, he has served as a Vice President of Volt Services Group and as a Director of Operations of Volt's Advanced Technology Group. Mr. Shaw is the son of Jerome Shaw, Executive Vice President, Director and Co-founder of Volt. "We are pleased to have Bill and Steve join our board. They both add considerable talent and experience to our director group," said William Shaw, Chairman of the Board and President of Volt. "Steve has demonstrated leadership qualities and innovative thinking throughout his management experiences with Volt's most profitable business lines. We are confident in his continued, strong contribution to our prosperity and growth. Bill Turner's seasoned and extensive knowledge of the banking industry, combined with his work in electronic publishing, (Page 1 of 2) 2 will be invaluable to Volt as we continue to execute our long-term goals. We look forward to the opportunity to benefit from his strategic thinking and broad understanding of business practices". Volt Information Sciences, Inc. operates a technical services and temporary staffing business, provides varied services to the telecommunications industry, and furnishes electronic prepress equipment and services to the print media industry. Revenue in fiscal 1997 was $1.4 billion. ### This press release contains forward-looking statements which, in addition to assuming a continuation of the degree and timing of customer utilization and rate of renewals of contracts with the Company at historical levels, are subject to a number of known and unknown risks that, in addition to general economic, competitive and other business conditions, could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Additional information concerning the factors that could cause actual results to differ materially from those in the forward-looking statements is contained in Company reports filed with the Securities and Exchange Commission. (Page 2 of 2) -----END PRIVACY-ENHANCED MESSAGE-----