-----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, GwFK42u+65tE8UJckLQ9nxP3pLfxiWpEN0JaNG8a6qvoFnNAXPzlD4IKnvHKNA01 SMiJumL2Z7hwOb5HXQHtSA== 0000950133-01-501896.txt : 20010719 0000950133-01-501896.hdr.sgml : 20010719 ACCESSION NUMBER: 0000950133-01-501896 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010717 ITEM INFORMATION: FILED AS OF DATE: 20010718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN MANAGEMENT SYSTEMS INC CENTRAL INDEX KEY: 0000310624 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 540856778 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09233 FILM NUMBER: 1683673 BUSINESS ADDRESS: STREET 1: 4050 LEGATO RD CITY: FAIRFAX STATE: VA ZIP: 22033 BUSINESS PHONE: 7032678000 8-K 1 w51573e8-k.txt FORM 8-K 1 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 Date of Report (Date of earliest event reported): July 17, 2001 AMERICAN MANAGEMENT SYSTEMS, INCORPORATED ----------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-9233 54-0856778 - ------------------------------------------- --------------------------- ------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation) Identification No.)
4050 Legato Road Fairfax, Virginia 22033 - ---------------------------------------- ------------ (Address of Principal Executive (Zip Code) Offices)
(703) 267-8000 ---------------------------------------------- (Registrant's telephone number, including area code) Not Applicable ------------------------------------------------------ (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. Attached is a press release issued by the Registrant on July 17, 2001. The press release is incorporated herein by this reference. -2- 3 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. AMERICAN MANAGEMENT SYSTEMS, INCORPORATED By: /s/ Frank A. Nicolai --------------------------------- Frank A. Nicolai Executive Vice President and Chief Administrative Officer Date: July 17, 2001 -3- 4 EXHIBIT INDEX
Exhibit Number Description - ------ ----------- 99.1 Press Release, dated July 17, 2001
-4- EX-99.1 2 w51573ex99-1.txt PRESS RELEASE 1 News Release July 17, 2001 - --------------------------------------- AMS Contests Thrift Board Actions American Management Systems, Inc. (NASDAQ: AMSY) releases the following statement in response to the termination for default of its contract with the Federal Retirement Thrift Investment Board and companion lawsuit filed today by the Thrift Board in the United States District Court for the District of Columbia. AMS remains fully committed to the successful completion of the new record-keeping system for the Thrift Savings Plan (TSP). We are willing and able to complete this system to meet the needs of TSP participants and the general Federal community of which we are a part. AMS specializes in developing large-scale, mission critical system solutions for public and private sector clients. The Federal Financial System (FFS) and OMNI 401(k) record-keeping system are the two commercial software products that were selected as the core for the new system. AMS has successfully implemented FFS in 65 Federal agencies and, also, has successfully implemented the OMNI product line in many commercial financial institutions. AMS is disappointed by the actions of the Federal Retirement Thrift Investment Board that are intended to shift the focus from the Board's own deficiencies in performance and contract breaches. Implementation of a new 401(k) record-keeping system is an inherently complex undertaking. While the Board has expressed a desire to secure the benefits of a commercial system, it has been unwilling to live with the capabilities of the leading commercial systems. After more than three years, the Board still has not fully determined its system needs and frozen the design. Nevertheless, AMS has developed more than 1.2 million lines of software code - five times the original estimate - to meet the Board's evolving requirements. The complaint seeks approximately $50 million in damages and $300 million in punitive damages and alleges, among other things, breach of contract and fraud. AMS contests the allegations and will defend the suit vigorously. -5- 2 About AMS American Management Systems (AMS) is an international business and information technology consulting firm with 2000 revenues of $1.28 billion. Founded in 1970, AMS leverages deep industry expertise to manage complex IT, eBusiness and systems integration projects for clients including 43 state governments, most federal agencies and hundreds of companies in the Fortune 500(TM). AMS is headquartered in Fairfax, Virginia, and has approximately 8,500 employees in 51 offices worldwide. Forbes magazine ranked AMS among "America's 400 best big companies," and Fortune magazine placed AMS 44th on its list of the "100 Best Companies to Work for in America" in 2000. AMS is traded in the NASDAQ under the symbol AMSY and can be found on the web at www.ams.com. To the extent that the foregoing discussion includes forward-looking statements, they should be considered in light of the risks inherent in AMS's business, as discussed in the company's public documents filed with the SEC and statements made by senior management. Contact: Jeff Trexel American Management Systems 703.267.5053 -6- -----END PRIVACY-ENHANCED MESSAGE-----