-----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, JDy55U4z/msSPIoooJigOsFB0ZYwAaImVx7yP8eE7pjc7lUXvyAnBp2zD3dX/8xM a8sS4waAQ/5Z0aw8xgvJ0w== 0000950146-96-000799.txt : 19960518 0000950146-96-000799.hdr.sgml : 19960518 ACCESSION NUMBER: 0000950146-96-000799 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960509 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960516 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: KURZWEIL APPLIED INTELLIGENCE INC /DE/ CENTRAL INDEX KEY: 0000769191 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042815079 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20256 FILM NUMBER: 96568297 BUSINESS ADDRESS: STREET 1: 411 WAVERLEY OAKS ROAD CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6178935151 8-K 1 KURZWEIL APPLIED INTELLIGENCE, INC. 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) May 9, 1996 KURZWEIL APPLIED INTELLIGENCE, INC. (Exact name of registrant as specified in its charter) Delaware 0-20256 04-2815079 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 411 Waverley Oaks Road Waltham, Massachusetts 02154 (Address of principal (Zip code) executive offices) Registrant's telephone number, including area code: (617) 893-5151 Exhibit Index at Page 3 Item 5. Other Events On May 9, 1996 the Company closed the sale of 1,320,050 shares of its common stock in a private placement at a sale price of $2.00 per share, and announced that it is seeking additional funds through sales of its common stock, as described in the press release attached hereto as Exhibit 99. Item 7. Financial Statements and Exhibits (c) Exhibits. Press Release Dated May 10, 1996 ----------------------------------------- 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 thereunto duly authorized. Kurzweil Applied Intelligence, Inc. Date: May 15, 1996 By: /s/ Thomas E. Brew, Jr. ----------------------- Thomas E. Brew, Jr. President & Chief Executive Officer EXHIBIT INDEX Exhibit No. Description At Page 99 Press Release Dated May 10, 1996 4 ---- EX-99 2 CLOSING OF PRIVATE PLACEMENT EXHIBIT 99 FOR IMMEDIATE RELEASE Contact: Thomas E. Brew, Jr. Kurzweil Applied Intelligence, Inc. 617-893-5151 KURZWEIL APPLIED INTELLIGENCE, INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT WALTHAM, Mass, May 10, 1996 Kurzweil Applied Intelligence, Inc. (NASDAQ: KURZ) today announced the closing of the sale of 1.32 million shares of its common stock in a private placement at a sale price of $2.00 per share to a New York-based investment fund. Net proceeds to the Company are approximately $2.37 million and will be used for working capital and general corporate purposes. The Company also announced that it will seek additional working capital funds through the sale of common stock over the next several months in a private placement. In this connection, at its 1996 Annual Meeting the Company intends to request shareholders to approve an increase in the Company's authorized common stock and, in accordance with Nasdaq National Market Listing rules, to approve the sale of shares in excess of 20% of the Company's outstanding common stock at a discount to the market. The Company indicated that there can be no assurance that it will be successful in raising additional funds. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities of the Company. Neither the securities sold nor those anticipated to be offered have been registered under the Securities Act of 1933 and may not be offered or sold in the United States or to US persons absent registration under the Securities Act of 1933 and except in accordance with applicable state securities laws or an exemption from the registration requirements thereof. Kurzweil Applied Intelligence, Inc., headquartered in Waltham, Mass., was founded in 1982. The Company develops, markets, and supports automated speech recognition systems used to create documents and interact with computers by voice. The Company's medical reporting systems, VoiceMED and Kurzweil Clinical Reporter, are used in over 500 healthcare institutions nationwide; and, Kurzweil VOICE is an easy-to-use voice recognition system for Windows-based PCs. ### This release and other information related to Kurzweil Applied Intelligence, Inc. can be referenced on the Company's home page on the World Wide Web at http://www.kurz-ai.com, or by calling 1-800-380-1234. -----END PRIVACY-ENHANCED MESSAGE-----