0001144204-13-042468.txt : 20130801 0001144204-13-042468.hdr.sgml : 20130801 20130801161133 ACCESSION NUMBER: 0001144204-13-042468 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130801 ITEM INFORMATION: Other Events FILED AS OF DATE: 20130801 DATE AS OF CHANGE: 20130801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ID SYSTEMS INC CENTRAL INDEX KEY: 0000049615 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 223270799 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15087 FILM NUMBER: 131002818 BUSINESS ADDRESS: STREET 1: 123 TICE BOULEVARD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 2019969000 MAIL ADDRESS: STREET 1: 123 TICE BOULEVARD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 8-K 1 v351652_8k.htm FORM 8-K

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): August 1, 2013

 

I.D. SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-15087   22-3270799
(State or other   (Commission   (IRS Employer
jurisdiction of   File Number)   Identification No.)
incorporation)        

 

   

123 Tice Boulevard,

Woodcliff Lake, New Jersey

   07677
    (Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (201) 996-9000

 

 

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):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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 August 1, 2013, I.D. Systems, Inc. (the “Company”) entered into a memorandum of understanding with Avis Budget Car Rental, LLC (“ABCR”) with respect to ABCR’s engagement of the Company to develop for ABCR their next generation of wireless in-vehicle technology which could be used for applications, including, but not limited to, car sharing, Connected Car and automated vehicle returns across ABCR’s entire fleet or portions thereof, inclusive of ZipCar (the “Memorandum of Understanding”).  Under the Memorandum of Understanding, the Company and ABCR agreed to negotiate an amendment to the Master Software License, Information Technology Services, and Equipment Purchase Agreement, dated August 21, 2011, between the Company and ABCR and certain related agreements, to reflect ABCR’s engagement of the Company, and to extend the mutual exclusivity period under the Master Agreement from July 31, 2013 until September 30, 2013 in order to allow the Company and ABCR to complete their negotiations. 

 

 
 

 

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.

  

  I.D. SYSTEMS, INC.
     
     
  By: /s/ Ned Mavrommatis
     Name:   Ned Mavrommatis
     Title:    Chief Financial Officer

 

Date:   August 1, 2013