-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, SMBo8ECN91BquQ4g/234mRk/quiQRHIaLeb+xSSuf3wEoucC3zDQlDhbe0PtybvH pkYAcAcjIXbcXPS7i0ozPw== 0000771993-94-000007.txt : 19940518 0000771993-94-000007.hdr.sgml : 19940518 ACCESSION NUMBER: 0000771993-94-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940518 ITEM INFORMATION: Other events FILED AS OF DATE: 19940517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTELOGIC TRACE INC CENTRAL INDEX KEY: 0000771993 STANDARD INDUSTRIAL CLASSIFICATION: 7370 IRS NUMBER: 742368260 STATE OF INCORPORATION: NY FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08948 FILM NUMBER: 94529143 BUSINESS ADDRESS: STREET 1: TURTLE CREEK TWR I STREET 2: PO BOX 400044 CITY: SAN ANTONIO STATE: TX ZIP: 78229-8480 BUSINESS PHONE: 5125935700 MAIL ADDRESS: STREET 1: P.O. BOX 400044 STREET 2: TURTLE CREEK TOWER I CITY: SAN ANTONIO STATE: TX ZIP: 78229-8480 8-K 1 CURRENT REPORT 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 May 16, 1994 Commission file number 1-8948 INTELOGIC TRACE, INC. (Exact name of registrant as specified in its charter) New York 74-2368260 (State or other jurisdiction of (I. R. S. Employer incorporation or organization) Identification No.) Turtle Creek Tower I P. 0. Box 400044, San Antonio, Tx. 78229-8415 (Address of principal executive offices) (Zip Code) 210-593-5700 (Registrant's telephone number, including area code) Item 5. Other Events On Friday, May 13, 1994, Intelogic Trace, Inc. issued a press release which announced that a settlement had been reached in two shareholder derivative lawsuits brought against certain of the company's present and former directors which alleged breach of fiduciary duties in connection with certain transactions. Although the defendants expressly disclaim and deny any liability or wrongdoing with respect to the allegations in these lawsuits, a settlement had been reached in order to avoid the additional expense, burden, inconvenience and distraction of continued litigation. Pursuant to the Settlement Agreement, which is subject to Court approval, I T will receive $2.4 million less attorneys' fees and expenses (not to exceed $800,000) awarded by the Court. In addition, within six months of the time that the settlement becomes final, I T's Board of Directors agreed to (a) form a committee to investigate all ways to maximize the value of I T's investment in Datapoint Corporation and (b) adopt a resolution requiring approval of the Board of Directors for all investments of I T funds in excess of $5 million. The cash portion of the settlement is fully covered by I T's director and officer liability insurance. 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. INTELOGIC TRACE, INC. Date: May 16, 1994 By: Philip D. Freeman Senior Vice President, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----