-----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, GVwhtpJgJR8HcEssExxJHIUb/E7yYT8qa2p0XEPBU3S7uFwHR8slki7sZma8G6li UCE9AaXykYk9sHUBFWiWYA== 0000030822-11-000002.txt : 20110113 0000030822-11-000002.hdr.sgml : 20110113 20110113151416 ACCESSION NUMBER: 0000030822-11-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110111 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110113 DATE AS OF CHANGE: 20110113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNAMICS RESEARCH CORP CENTRAL INDEX KEY: 0000030822 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 042211809 STATE OF INCORPORATION: MA FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34135 FILM NUMBER: 11527446 BUSINESS ADDRESS: STREET 1: 60 FRONTAGE ROAD CITY: ANDOVER STATE: MA ZIP: 01810-5498 BUSINESS PHONE: 9784759090 MAIL ADDRESS: STREET 1: 60 FRONTAGE ROAD CITY: ANDOVER STATE: MA ZIP: 01810-5498 8-K 1 form8-k.htm FORM 8-K form8-k.htm
 



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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)  January 11, 2011


DYNAMICS RESEARCH CORPORATION
(Exact name of registrant as specified in its charter)

Commission file number 001-34135

MASSACHUSETTS
04-2211809
(State or other jurisdiction of Incorporation or organization)
(I.R.S. Employer Identification No.)

TWO TECH DRIVE, ANDOVER, MASSACHUSETTS 01810-2434
(Address of principal executive offices) (Zip Code)

978-289-1500
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

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
 
(b) On January 11, 2011, Dynamics Research Corporation ("the Company") announced the selection of Clarendon Square in Arlington, Va., as the location for its new national capital region headquarters. The new facility, which is expected to open on June 1, 2011, and has been leased for seven years, will consolidate operations currently located in Reston, Va., and the Arlington neighborhoods of Ballston, and Crystal City. The Clarendon office will include the Company's newly formed Federal Group headquarters, as well as a demonstration center, a training center and DRC executive offices. The Clarendon facility, which totals approximately 37,000 square feet, is in the Clarendon Square Building located at 3033 Wilson Boulevard, adjacent to the Clarendon Metro station in the heart of Arlington.

 
The Company’s federal business, which was approximately 60 percent of the Company’s business in 2010, is anticipated to increase to approximately 65 percent of total revenue in 2011, growing in the range of 13 to 15 percent. Consolidating the Company’s operational headquarters in the new Clarendon facility will significantly improve organizational effectiveness as the Company continues to expand its presence in the Washington area.
 
 
 
Item 9.01.  Financial Statements and Exhibits.

(d)
Exhibits
       
 
Exhibit No.
  Description
 
99.1
 
Press release dated January 11, 2011.


 
 

 



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.



   
DYNAMICS RESEARCH CORPORATION
   
(Registrant)
     
     
 
Date:  January 13, 2011
/s/ David Keleher
   
Senior Vice President, Chief Financial Officer and Treasurer


 
 

 

 
Exhibit Index


 
Exhibit Number
Exhibit Name
Location
       
 
99.1
Press release dated January 11, 2011.
Furnished herewith*
       
       
       

__________________________


 
*   Exhibit 99.1 attached hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

 



EX-99.1 2 ex99-1.htm NEWS RELEASE ex99-1.htm
 
 
Exhibit 99.1
 

   NewsRelease
 
DYNAMICS RESEARCH CORPORATION
   
     
TWO TECH DRIVE, ANDOVER, MASSACHUSETTS 01810
TEL. 978/289-1500
www.drc.com

 
DRC TO OPEN NEW NATIONAL CAPITAL REGION HEADQUARTERS

--- Company Continues Expansion of Washington-Area Presence ---

ANDOVER, Mass. – January 11, 2011Dynamics Research Corporation (Nasdaq: DRCO), a leading provider of innovative management consulting and information technology solutions to federal and state governments, today announced the selection of Clarendon Square in Arlington, Va., as the location for its new national capital region headquarters.  With more than 600 employees in the region, the Washington, D.C. area is now DRC’s largest operating location. DRC’s chairman and chief executive officer, Jim Regan, has relocated his primary office to Northern Virginia, however, functional operations will continue to be located principally at the company’s corporate headquarters facility in Andover, Mass.
 
The new facility, which is expected to open on June 1, 2011, and has been leased for seven years, will consolidate operations currently located in Reston, Va., and the Arlington neighborhoods of Ballston, and Crystal City.  The company will continue to maintain national capital region offices serving local customers in Washington, D.C., Columbia, Md., Edgewood, Md., Falls Church, Va., Crystal City and Dumfries, Va., and anticipates no significant change in facilities costs as a result of this transition.
 
“The strong growth momentum of our federal business was the catalyst for this strategic initiative,” said Mr. Regan.  “In 2010, approximately 60 percent of our business was concentrated in federal growth markets.  This business, which is located primarily in the national capital region, is anticipated to increase to approximately 65 percent of total revenue in 2011, growing in the range of 13 to 15 percent.  Consolidating our operational headquarters in the new Clarendon facility will significantly improve organizational effectiveness as we continue to expand our presence in the Washington area.”
 
The Clarendon office will include the company’s newly formed Federal Group headquarters, as well as a demonstration center, a training center and DRC executive offices.   “The high visibility Clarendon location brings us closer to many customers.  This proximity along with strong and efficient service from our functional offices in Andover positions us well to provide superb service to our clients,” said Paul Strasser, DRC’s Federal Group senior vice president and general manager.
 
The Clarendon facility, which totals approximately 37,000 square feet, is in the Clarendon Square Building located at 3033 Wilson Boulevard, adjacent to the Clarendon Metro station in the heart of Arlington. The office is situated close to government customers, and its location offers a vibrant urban community culture with desirable neighborhood living and a diverse selection of shopping and dining alternatives. DRC will be one of the lead tenants occupying the Class A building owned by Phillips Developmen t Corporation, who was represented by Michael Altman and Marty Almquist of Cassidy Turley in the transaction.  DRC was represented by Brad Davis of CB Richard Ellis and Neil A. Schneider of McCall & Almy in the transaction.
 
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering and technology solutions.  DRC offers the capabilities of a large company and the responsiveness of a small company, backed by a history of excellence and customer satisfaction.  Founded in 1955, DRC is a publicly held corporation (Nasdaq: DRCO) and maintains more than 25 offices nationwide with major offices in Andover,

 
 

 

Massachusetts and the Washington, D.C. region.  For more information, please visit our website at www.drc.com.
 
Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to DRC's most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.
 
 
 
 
 
CONTACT:
Darrow Associates, Inc.
 
Investors:
 
Chris Witty
 
646.438.9385
 
cwitty@darrowir.com
   
 
Sage Communications
 
Media:
 
Matt Warnork
 
703.207.0941
 
mattw@aboutsage.com


 


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