-----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, Oz5eYpiTeAaQ0vCIxBI+zfp2Yx0M1u9QTJYdy8yFMnVAwGR/P95l2y+KqK5lIP2g MHwtc6FoehXW+4rvZBieKw== 0000016058-01-500011.txt : 20010817 0000016058-01-500011.hdr.sgml : 20010817 ACCESSION NUMBER: 0000016058-01-500011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010816 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CACI INTERNATIONAL INC /DE/ CENTRAL INDEX KEY: 0000016058 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 541345888 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08401 FILM NUMBER: 1716609 BUSINESS ADDRESS: STREET 1: 1100 N GLEBE ST CITY: ARLINGTON STATE: VA ZIP: 22201 BUSINESS PHONE: 7038417800 MAIL ADDRESS: STREET 1: 1100 NORTH GLEBE ROAD CITY: ARLINGTON STATE: VA ZIP: 22201 FORMER COMPANY: FORMER CONFORMED NAME: CACI INC /DE/ DATE OF NAME CHANGE: 19870119 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA ANALYSIS CENTER INC DATE OF NAME CHANGE: 19680603 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED ANALYSIS CENTERS INC DATE OF NAME CHANGE: 19730102 8-K 1 r8k801-dsic_loi.htm 8-K

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 16, 2001
Date of Report

                       CACI International Inc                      
(Exact name of registrant as specified in its Charter)

                         Delaware                             
(State or other jurisdiction of incorporation)

                 0-8401                 
(Commission File Number)

                  54-1345888                  
(IRS Employer Identification No.)
1100 N. Glebe Road
                   Arlington, Virginia 22201                   
(Address of principal executive offices)(Zip code)

                             (703) 841-7800                             
(Registrant's telephone number, including area code)






ITEM 2. ACQUISITION OF ASSETS.

On August 13, 2001, the Registrant announced that it had signed a letter of intent to acquire all of the shares of Digital Systems International Corporation ("DSCI"), a privately held information technology ("IT") company headquartered in Arlington, Virginia. It is expected that the acquisition, which will be financed through the Registrant's existing credit facility, will be completed within ninety days. With approximately 550 employees located in Virginia, Maryland, Alabama, South Carolina and California, DSIC focuses on high-level IT services in the areas of enterprise resource planning systems, client server and web-enabled applications, enterprise networking and information assurance, process modeling and simulation methodology solutions, and acquisition/program management consulting services, primarily for the Federal government. In addition to further enhancing the Registrant's capabilities and offerings for its existing client base, the skills and expertise of D SIC's employees will complement the Registrant's strong qualifications for future business development opportunities. Revenue for DSIC was approximately $55 million for the past twelve months.

ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.

On August 13, 2001, the Registrant also announced that, effective July 1, 2001, it would adopt the Financial Accounting Standards Board's SFAS No.141, "Business Combinations", and SFAS No. 142, "Goodwill and Other Intangible Assets".

The Registrant further announced that it was able to obtain a more favorable tax treatment for the COMNET transaction reported on Form 8-K dated November 15, 1999 and on Form 8-K/A dated December 20, 1999. The Registrant will therefore report a one-time, after-tax gain of $1.5 million, or $0.13 per diluted shares, in conncection with its discontinued operations.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

99.1
Press Release dated August 13, 2001, announcing the Registrant's intent to acquire Digital Systems International Corporation, Guidance for FY02, and Extraordinary Event, Fourth Quarter FY01.


SIGNATURE



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.



CACI International Inc

Registrant
By: /s/

Jeffrey P. Elefante
Executive Vice President
General Counsel and Secretary
EX-99 4 r8k-801ex99dsic_loi.htm Exhibit 99.1

Exhibit 99.1    

CACI Announces Intent to Acquire Digital Systems International Corporation

Company also Announces Guidance for Fiscal Year 2002

Arlington, VA - August 13, 2001 - CACI International Inc (NASDAQ: CACI) announced today it has signed a letter of intent to acquire all of the shares of privately held Digital Systems International Corporation (DSIC). The acquisition supports CACI's strategic growth plans to expand and grow its portfolio of systems integration, managed network services and information assurance capabilities and customers. The acquisition will be financed through CACI's existing credit facility and is expected to be completed within 90 days. Terms of the transaction were not disclosed.

DSIC, headquartered in Arlington, Virginia, has approximately 550 employees in locations in Virginia, Maryland, Alabama, South Carolina, and California. The company implements enterprise resource planning (ERP) systems, including large-scale financial and human resource systems and, e-procurement applications; develops client server and web-enabled applications; operates a large scale enterprise networking and information assurance practice; solves complex business problems with a highly recognized process modeling and simulation methodology; and provides acquisition/program management consulting services, primarily for the federal government. Revenue for DSIC for the last 12 months was approximately $55 million.

Commenting on the transaction, Dr. J.P. London, Chairman and CEO of CACI International, stated, "DSIC's capabilities will enhance CACI's solutions and offerings and broaden our customer base, particularly within our systems integration and managed network services lines of business. The excellent skills and expertise of the employees of DSIC will complement and augment those of CACI's growing employee base, providing stronger qualifications for our future business development opportunities. We look forward to a successful relationship with DSIC's management team, employees, and their customers."

Guidance for Fiscal Year 2002

The company also announced that it will adopt the Financial Accounting Standards Board's SFAS No. 141, "Business Combinations", and SFAS No. 142, "Goodwill and Other Intangible Assets," effective July 1, 2001. As a result of the impact of this accounting change and the potential acquisition of DSIC, the company expects the results of its operations for its first fiscal quarter and full year FY 2002 to be within the following ranges:

Q1, FY02 FY02


Revenue (in thousands)
Diluted earnings per share
$146,000 -- $151,000
$0.53 -- $0.56
$630,000 -- $660,000
$2.48 -- $2.60

Accordingly, the company estimates that revenue for the first fiscal quarter of FY02 will be up 16 to 20 percent over first fiscal quarter of FY01. Diluted earnings per share in the quarter will be up 22 to 28 percent over the FY01 quarter, when adjusted for the adoption of SFAS No. 142.

The company also reiterated its previously announced guidance for the fourth quarter and full fiscal year 2001:

Q4, FY01 FY01


Revenue (in thousands)
Diluted earnings per share
   (Unadjusted for SFAS No. 142)
   (Adjusted for SFAS No. 142)
$148,000 -- $155,000

$0.50 -- $0.56
$0.57 -- $0.63
$558,000 -- $563,000

$1.78 -- $1.84
$2.06 -- $2.12

Actual results for the quarter and fiscal year will be released at 8 AM, EDT, August 16, 2001.

Extraordinary Event, Fourth Quarter, FY01

The company also announced that it was able to obtain a more favorable tax treatment for the COMNET transaction first reported in December 1999. As a result, the company will report in connection with its discontinued operations a one-time, after-tax gain of $1.5 million, or $0.13 per diluted share.

CACI International Inc, a member of the Russell 2000 and S&P SmallCap 600 indices, is a worldwide leader in information technology and communications solutions. Founded on simulation technology in 1962, the company has evolved a diverse solutions portfolio for today's networked economy. From across the technology spectrum, CACI integrates the networks, systems, and software for telecommunications, information assurance, and all forms of information management. CACI centers of excellence are unique in the industry, offering "try-before-buy" solutions so clients save time and resources. With approximately 5,000 employees and more than 90 offices in the U.S. and Europe, CACI meets complex client challenges with comprehensive, reliable solutions. Visit CACI on the web at www.caci.com.

There are statements made herein which do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and/or United Kingdom (including the potential impact from livestock related diseases); changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business with the Department of Justice, the Federal Aviation Agency, the Defense Information Systems Agency, the State Department and others and/or competition for new business; our own ability to complete performance of fixed price contracts within contract value; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds; government contract procurement (such as bid protest) and termination risks, including the possible discontinuance of the U.S. Government's Tobacco litigation; the results of the appeal of CACI International Inc., ASBCA No. 53058; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and competition to hire and retain employees; our ability to complete acquisitions appropriate to achievement of our strategic plans, including the DSIC acquisition; material changes in laws or regulations applicable to our businesses; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the Company's Securities and Exchange Commission filings.

###

For investor information contact: For other information contact:
David Dragics
Director, Investor Relations
(703) 841-7835
ddragics@caci.com
Jody Brown
Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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