-----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, NRhbWGaT7QfT3ZkTr8WHcw8DWbgoJ+PIZCvuCGq6e9t3+ZWiq7EkQn3zkavR+nzl 3kd5FYnyFuZx7bRltAwvpA== /in/edgar/work/20000811/0000950152-00-005917/0000950152-00-005917.txt : 20000921 0000950152-00-005917.hdr.sgml : 20000921 ACCESSION NUMBER: 0000950152-00-005917 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000811 ITEM INFORMATION: FILED AS OF DATE: 20000811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REYNOLDS & REYNOLDS CO CENTRAL INDEX KEY: 0000083588 STANDARD INDUSTRIAL CLASSIFICATION: [2761 ] IRS NUMBER: 310421120 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10147 FILM NUMBER: 694031 BUSINESS ADDRESS: STREET 1: 115 S LUDLOW ST CITY: DAYTON STATE: OH ZIP: 45402 BUSINESS PHONE: 9374852000 MAIL ADDRESS: STREET 1: P.O. BOX 2608 CITY: DAYTON STATE: OH ZIP: 45401 8-K 1 e8-k.txt THE REYNOLDS & REYNOLDS COMPANY 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: August 11, 2000 (Date of earliest event reported) THE REYNOLDS AND REYNOLDS COMPANY (Exact name of registrant as specified in the charter) OHIO 1-10147 31-0421120 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) THE REYNOLDS AND REYNOLDS COMPANY 115 SOUTH LUDLOW STREET, DAYTON, OHIO 45402 (Address of Principal Executive Offices) (937) 485-2000 (Registrant's telephone number including area code) N/A (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS The Reynolds and Reynolds Company (the "Company") has elected to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and is hereby filing this Form 8-K to set forth cautionary statements identifying important factors that could cause the Company's actual results to differ materially from those projected in forward-looking statements that may be or have been made by or on behalf of the Company from time to time in the Company's SEC filings, press releases, and other oral or written announcements. Forward-looking statements made by or on behalf of the Company are or will be based on current expectations, estimates, forecasts and projections of future Company or industry performance based on management's judgment, beliefs, current trends and market conditions. Forward-looking statements made by or on behalf of the Company may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied in any forward-looking statement. The Company undertakes no obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise. The Company cautions readers that the following important factors, among others, in some cases have caused, and in the future could cause, the Company's actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Additionally, any one of the following factors could have a material adverse effect on the Company's business, financial condition and results of operations. The following factors supersede and replace in their entirety the factors set forth in the Company's Current Report on form 8-K filed with the Securities and Exchange Commission on February 9, 2000. COMPETITION. The Company faces competition in all areas of its business activity. The Company's competitors are numerous, ranging from some of the world's largest corporations to many relatively small and highly specialized firms. The Company competes primarily on the basis of technology, performance, price, quality, reliability, distribution, and customer service and support. By specializing in a particular niche market, the Company has emphasized reliable and responsive service, broad industry knowledge and long-term relationships. While the loss of any single customer would not be material, the Company does have several significant customers, whose loss in the aggregate would negatively impact the Company. The Company will be required to develop new products, periodically enhance its existing products and compete effectively on the basis of the factors described above to remain competitive. NEW PRODUCT INTRODUCTIONS. The Company must be able to continue developing, manufacturing and marketing innovative products and services rapidly that meet customer requirements for performance and reliability. Although the Company has a long history of developing new products and services, this process is inherently complex and uncertain. It requires accurate anticipation of customers' changing needs and emerging technological trends and may require acquisitions or strategic partnerships for success. Also, the Company must make long-term 1 3 investments and commit significant resources before knowing whether its investments will eventually result in products and services that both embody the latest technology and achieve market acceptance. This process requires accurate forecasting of volumes, configurations, integration and mix of products and services. Moreover, the supply and timing of new products or services must match customers' demands and timing for the particular products or services. Given the wide variety and complexity of products and services that the Company offers, the process of planning and bringing new products and services to market, whether internally or through relationships with others, is inherently difficult and uncertain. The Company's growth strategy depends in large part on providing services for automobile retailers and other customers over the Internet. Development and implementation of any of these and other services using the Internet is subject to risks and uncertainties. The Company will need to invest significant resources to develop these services. The manner in which the Company provides and charges for these services is new and unproven. PRODUCT LIFE CYCLES. The life cycles of many of the Company's products pose a challenge to effectively manage the transition from existing products to new products. Product development or manufacturing delays, variations in product costs, and delays in customer purchases of current products in anticipation of new product introductions are among the factors that make a smooth transition from current products to new products difficult. In addition, the timing of new product and services introductions by suppliers and competitors may negatively affect future operating results of the Company. Furthermore, some of the Company's new products may replace or compete with certain of the Company's existing products. RELIANCE ON SUPPLIERS. Computer processors and peripherals are key components of the Company's product offerings. The Company purchases these products from a variety of suppliers. The Company historically has not experienced difficulties in obtaining computer processors and peripherals, but should such difficulties arise, it could have a material adverse effect on the Company. An adequate supply of paper products is essential to the Company's automotive forms business. The Company purchases paper from major suppliers and historically has not experienced difficulties in obtaining paper products. The Company's business may be negatively impacted if such difficulties arise. RISK OF BUSINESS INTERRUPTIONS AND DEPENDENCE ON SINGLE RESOURCE FOR CERTAIN SERVICES. The Company's operations depend in large part upon its ability to provide prompt and efficient services to its customers. Certain of the Company's operations are performed at a single location and depend on continuous computer, printing, electrical and telephone services. A disruption of these key services could impair the Company's day- to-day operations. There can be no assurance that a fire, flood, earthquake, or other disaster affecting one or more of the Company's facilities would not disable these services. Significant damage to any facility or other failures that cause significant interruptions of the Company's operations may not be completely covered by insurance. 2 4 DEPENDENCE ON AUTOMOBILE RETAILERS. The Company's financial results depend in large part on the economic conditions of the automobile retailing industry. If the automobile retailing industry experiences difficulties, the Company's results may be negatively impacted. PERSONNEL RESOURCES. A significant portion of the Company's revenues depends on the timely installation of computer hardware and software at various customer locations. A successful installation process requires properly trained personnel. The Company must also attract, integrate and retain skilled sales, research and development, marketing and management personnel, including personnel necessary to develop Company services using the Internet. Competition for these types of employees is intense. Failure to hire and retain qualified personnel in adequate numbers could negatively impact the Company and inhibit the Company's ability to grow the business. BUSINESS COMBINATIONS, STRATEGIC ALLIANCES, JOINT VENTURES AND DIVESTITURES. As a matter of course, the Company frequently engages in discussions with a variety of parties relating to possible business combinations, strategic alliances, joint ventures and divestitures. Business combinations, strategic alliances and joint ventures may require, among other things, integration or coordination with a different company culture, management, organization and business infrastructure. They may also require the development, manufacture and marketing of products in coordination with the Company's products in a way that enhances the performance of the combined businesses or products. Depending on the size and complexity of the transaction, successful integration depends on a variety of factors, including the hiring and retention of key employees, management of geographically separate facilities, and the integration or coordination of different research and development. Divestitures may result in the cancellation of orders or charges to earnings. Business combinations, strategic alliances, joint ventures and divestitures may contribute to the Company's results being different than expectations in any given time period. 3 5 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. THE REYNOLDS AND REYNOLDS COMPANY By: /s/ Adam M. Lutynski --------------------------------------- Adam M. Lutynski, General Counsel and Secretary Dated: August 11, 2000 4 -----END PRIVACY-ENHANCED MESSAGE-----