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): June 30, 2015
PARK CITY GROUP, INC.
(Exact name of Registrant as specified in its Charter)
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Nevada |
000-03718 |
37-1454128 |
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(State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
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299 South Main Street, Suite 2370, Salt Lake City, Utah 84111 |
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(Address of principal executive offices) |
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(435) 645-2000 |
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(Registrant’s Telephone Number) |
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Not Applicable |
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(Former name or address, if changed since last report) |
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets
On June 30, 2015, Park City Group, Inc. (the “Company”) acquired of all of the outstanding shares of ReposiTrak, Inc. (“ReposiTrak”) in exchange for an aggregate total of 873,438 shares of the Company’s common stock. The Company first disclosed details of its acquisition of ReposiTrak in the Current Report on Form 8-K, filed February 6, 2015.
Item 3.02 Unregistered Sales of Equity Securities
See Item 2.01 above.
Item 8.01 Other Events
A copy of the Company’s press release regarding the completion of the acquisition of ReposiTrak is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired.
The audited financial statement of ReposiTrak as of and for the year ended June 30, 2015 and 2014, the notes related thereto and the related independent auditor’s report will be filed by amendment to this Current Report on Form 8-K no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.
(b) Pro Forma Financial Information
The pro forma financial information required by this Item will be filed by amendment to this Current Report on Form 8-K no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.
(d) Exhibits.
See Exhibit Index.
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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.
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PARK CITY GROUP, INC. |
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Date: July 1, 2015 |
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By: |
/s/ Edward L. Clissold |
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Edward L. Clissold |
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Chief Financial Officer |
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Exhibit Index
Exhibit No. |
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Description |
99.1 |
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Press Release, dated June 30, 2015 |
Park City Group Completes Acquisition of ReposiTrak®
SALT LAKE CITY, Utah. – June 30, 2015 – Park City Group, Inc. (NASDAQ: PCYG), a cloud-based software company that uses big data management to help retailers and their suppliers "Sell more, Stock less and See everything", today announced that it has completed its acquisition of all of the outstanding shares of ReposiTrak®, Inc., making it a wholly owned subsidiary.
“Bringing ReposiTrak under the Park City Group umbrella marks a milestone in the development and growth of ReposiTrak,” said Randy Fields, CEO of Park City Group. “This move will help further accelerate customer onboarding, more rapidly spread the word about the need for ReposiTrak’s food and drug safety services, and will make it possible to better integrate the services of Park City Group and ReposiTrak as we approach and serve our customers.”
About Park City Group
Park City Group (PCYG) is a Software-as-a-Service ("SaaS") provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it to be. Park City Group's services enable customers to "Sell More, Stock Less, and See Everything". More information is available at www.parkcitygroup.com
About Repositrak®
Founded by Leavitt Partners and Park City Group, ReposiTrak®, Inc. is a wholly owned subsidiary of Park City Group, Inc. that provides compliance management and track and trace technology for both the global food supply chain as well as the global pharma supply chain. ReposiTrak® assists its users in these supply chains to cost-effectively remain in compliance with both the Food Safety Modernization Act and the Drug Supply Chain Security Act. More information is available at www.repositrak.com.
Investor Relations Contact:
Dave Mossberg
Three Part Advisors, LLC
817-310-0051
Jeff Elliott
Three Part Advisors, LLC
972-423-7070
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