-----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, WMlMqoit8r43m4BtBrtirOfJaDMU3i8VJDZrN01t68kxPafzT6OHgI639WVg54yk IZgJqG9PeTMuDEDUdQx6Nw== 0001169232-03-003842.txt : 20030516 0001169232-03-003842.hdr.sgml : 20030516 20030516104817 ACCESSION NUMBER: 0001169232-03-003842 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030514 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUALITY SYSTEMS INC CENTRAL INDEX KEY: 0000708818 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 952888568 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12537 FILM NUMBER: 03707499 BUSINESS ADDRESS: STREET 1: 17822 E 17TH ST STE 210 CITY: TUSTIN STATE: CA ZIP: 92780 BUSINESS PHONE: 7147317171 MAIL ADDRESS: STREET 1: 178222 E 17TH STREET STREET 2: SUITE 210 CITY: TUSTIN STATE: CA ZIP: 92780 8-K 1 d55842_8k.txt CURRENT REPORT 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 May 14, 2003 reported) Quality Systems, Inc. (Exact name of registrant as specified in its charter) California 0-13801 95-2888568 (State or other jurisdiction of (Commission File (IRS Employer incorporation) Number) Identification No.) 18191 Von Karman Avenue, Suite 450 Irvine, California 92612 (Address of principal executive offices) (Zip Code) Registrant's telephone number, ( 949) 255-2600 including area code (Former name or former address, if changed since last report.) TABLE OF CONTENTS Item 5. Press Release Concerning Legal Settlement SIGNATURES EXHIBIT 99.1 INFORMATION TO BE INCLUDED IN THE REPORT Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description 99.1 Press Release dated May 14, 2003. Item 5. Other Events and Regulation FD Disclosure. On May 14, 2003, Quality Systems, Inc., a California corporation (the "Company") issued a press release announcing the settlement of a class action lawsuit. A copy of the press release is attached to this Form 8-K as Exhibit 99.1. 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. QUALITY SYSTEMS, INC. (Registrant) Date May 14, 2003 /s/ Louis Silverman -------------------- (Signature) Louis Silverman, Chief Executive Officer EX-99.1 3 d55842_ex99-1.txt PRESS RELEASE DATED MAY 14, 2003. EXHIBIT 99.1 For Further Information: Quality Systems, Inc. Coffin Communications Group 18191 Von Karman Avenue, Suite 450 15300 Ventura Boulevard, Suite 303 Irvine, CA 92612 Sherman Oaks, CA 91403 Phone: (949) 255-2600 Phone: (818) 789-0100 www.qsii.com www.coffincg.com CONTACT: Louis Silverman, CONTACT: William F. Coffin, President President & CEO Sean Collins, Partner FOR IMMEDIATE RELEASE: Quality Systems, Inc. Announces Settlement of Securities Class Action Lawsuit Irvine, Calif. -- May 14, 2003 -- Quality Systems, Inc. (NASDAQ: QSII) today announced the final settlement of a consolidated securities class action filed in April 1997 in the California Superior Court, County of Orange. The settlement, which has been approved by the court, causes the dismissal of the action and the complete release of any and all claims of all participating class members against all defendants, including the Company and all current and former directors and officers of the Company named as defendants. The terms of the settlement call for a cash payment to plaintiffs, fully funded by the Company's directors and officers liability insurance. The settlement terms also reflect the Company's denial of all claims asserted in the litigation. Quality Systems is a developer and provider of computer-based practice management, electronic medical records systems and e-business applications for dental and medical group practices marketed under the QSI and NextGen product names. This news release may contain forward-looking statements, including those related to revenue and net income that involve a number of risks and uncertainties. Among the important factors that could impact actual results are volume and timing of systems sales and installations, length of sales cycles and installation process; the possibility that the products will not achieve market acceptance; seasonal patterns of sales and customer buying behavior, the development by competitors of new or superior technologies, delays in product development, undetected errors or bugs in software, product liability, changing economic, political or regulatory influences on the healthcare industry, changes in product pricing policies, competitive pressures, possible regulation of the company's software by the U.S. Food and Drug Administration, general economic conditions, and the risk factors detailed from time to time in Quality Systems' periodic reports and registration statements filed with the Securities and Exchange Commission # # # -----END PRIVACY-ENHANCED MESSAGE-----