-----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, CmNORUF3NcDHpHs7E/ZDYiQrY1HMJMac03IvGyNB5cWqpieQVuuQl5bA2e9OE7oi kHI6lqxgVtvCMJHaFgqG8Q== 0001169232-05-000235.txt : 20050119 0001169232-05-000235.hdr.sgml : 20050119 20050119151542 ACCESSION NUMBER: 0001169232-05-000235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050119 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050119 DATE AS OF CHANGE: 20050119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP /DE/ CENTRAL INDEX KEY: 0000023197 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 112139466 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07928 FILM NUMBER: 05536160 BUSINESS ADDRESS: STREET 1: 105 BAYLIS RD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 6317778900 MAIL ADDRESS: STREET 1: 105 BAYLIS ROAD CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH INC DATE OF NAME CHANGE: 19870503 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP DATE OF NAME CHANGE: 19831215 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH LABORATORIES INC DATE OF NAME CHANGE: 19780425 8-K 1 d61888_8k.htm CURRENT REPORT

 


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

 

 

January 19, 2005

0-7928

Date of Report

(Date of earliest event reported)

Commission File Number


(Exact name of registrant as specified in its charter)

 

Delaware

11-2139466

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification Number)

 

 

105 Baylis Road
Melville, New York 11747

(Address of Principal Executive Offices) (Zip Code)

(631) 777-8900

(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:

 

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 January 19, 2005, Comtech Telecommunications Corp. (“Comtech”) issued a press release announcing that its newly formed subsidiary, Comtech Tolt Technologies, Inc., has agreed to acquire certain assets and assume certain liabilities of Tolt Technologies, Inc. (“Tolt”), a mobile technology solutions company. Upon the resolution of various closing conditions including the completion of due diligence, Comtech will purchase the business of Tolt, including inventory, for $3.5 million plus an earn-out of $500,000 based on the achievement of fiscal 2006 sales goals. The transaction is expected to close on or about February 1, 2005. Tolt’s sales in 2004 were approximately $17.0 million. The transaction is expected to be neutral to Comtech’s fiscal 2005 results and accretive in fiscal 2006. Attached hereto and incorporated by reference herein as Exhibit 99.1 is a copy of such press release.

 

Item 9.01

Financial Statements and Exhibits.

 

(c) Exhibits.

 

The following exhibit is filed herewith:

 

Exhibit Number

Description

99.1

Press Release, dated January 19, 2005, reporting the entering into an agreement by the Registrant to acquire certain assets and assume certain liabilities of Tolt Technologies, Inc.

 

 

2

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Date: January 19, 2005 COMTECH TELECOMMUNICATIONS CORP.


By:   /s/ Robert G. Rouse
        ——————————————
      Name:       Robert G. Rouse
      Title:         Executive Vice President
                        and Chief Financial Officer

 

 

 

3

 

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Exhibit 99.1

NEWS RELEASE

 

Media Contacts:

Fred Kornberg, President and Chief Executive Officer

Robert G. Rouse, Chief Financial Officer

(631) 777-8900

info@comtechtel.com

 

COMTECH TELECOMMUNICATIONS CORP. ANNOUNCES SIGNING OF AGREEMENT TO ACQUIRE THE BUSINESS OF TOLT TECHNOLOGIES

 

Melville, NY, January 19, 2005 – Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its newly formed subsidiary, Comtech Tolt Technologies, Inc., has entered into an agreement to acquire certain assets and assume certain liabilities of Tolt Technologies, Inc., a mobile technology solutions company.

 

Tolt Technologies, which is based in Gig Harbor, Washington, has significant experience in providing turnkey employee mobility solutions to large enterprises such as Microsoft and Boeing, including hands-on experience with customers that have trucking fleets such as Praxair and Golden State Overnight.

 

This transaction will be the next step in Comtech Mobile Datacom Corp.’s entry into the commercial mobile data communications market. The combination of (i) Comtech Mobile Datacom’s superior hardware offerings, state-of-the-art network operations center and solid reputation with its customers and (ii) Tolt’s ability to provide handheld devices, tailored software solutions and services, will provide commercial transportation customers with an integrated approach to their mobile communications needs: both in and outside the cab.

 

In addition, the acquisition will provide Comtech’s emerging commercial operation in this area with the appropriate scale to ensure it has the necessary level of seasoned sales, installation and support service personnel to grow its commercial sales.

 

Upon the resolution of various closing conditions including the completion of due diligence, Comtech will purchase the business of Tolt, including inventory, for $3.5 million plus an earn-out of $500,000 based on the achievement of fiscal 2006 sales goals. The transaction is expected to close on or about February 1, 2005. Tolt’s sales in 2004 were approximately $17 million. The transaction is expected to be neutral to Comtech’s fiscal 2005 results and accretive in fiscal 2006.

 

Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “Tolt will assist us in ensuring that we continue to address the commercial side of our mobile data communications business in a thoughtful way. For a relatively modest purchase price, we will be acquiring a business of scale, an infrastructure to support our internal efforts particularly on the sales side, as well as the ability to provide our customers with both in-vehicle and in-warehouse solutions.”

 

Comtech Mobile Datacom Corp., a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services. To learn more about Comtech Mobile Datacom, please visit the company’s website at www.comtechmobile.com.

 

- more -


4

 

 

 

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company conducts its business through three complementary segments: telecommunications transmission, mobile data communications, and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.

 

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

 

PCMTL

 

# # #

 

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