-----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, CB+ZTJcBcs1BswSXOBuKR3Wez4s5Widey4SdUPKhDPbx4QXf02ufiOLQnVp5dKlr 82eyJWcYpSqrPJTmaN6VHg== 0000850483-97-000022.txt : 19971015 0000850483-97-000022.hdr.sgml : 19971015 ACCESSION NUMBER: 0000850483-97-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971009 ITEM INFORMATION: FILED AS OF DATE: 19971014 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOVERNMENT TECHNOLOGY SERVICES INC CENTRAL INDEX KEY: 0000850483 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 541248422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19394 FILM NUMBER: 97694763 BUSINESS ADDRESS: STREET 1: 4100 LAFAYETTE CENTER DR CITY: CHANTILLY STATE: VA ZIP: 22021-0808 BUSINESS PHONE: 7035022000 MAIL ADDRESS: STREET 1: 4100 LAFAYETTE CTR DRIVE CITY: CHANTILLY STATE: VA ZIP: 22021-0808 8-K 1 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): October 9, 1997 -------------------- GOVERNMENT TECHNOLOGY SERVICES, INC. ------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-19394 54-1248422 - ------------------------ ------------ ----------------- (State or other (Commission (IRS Employer jurisdiction of File Identification incorporation) Number) Number) 4100 Lafayette Center Drive, Chantilly, Virginia 20151-1200 - ---------------------------------------------------- ----------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 703-502-2000 ----------------- Item 1. Changes in Control of Registrant Not Applicable. Item 2. Acquisition or Disposition of Assets Not Applicable. Item 3. Bankruptcy or Receivership Not Applicable. Item 4. Changes in Registrant's Certifying Accountant Not Applicable. Item 5. Other Events On October 9, 1997, Government Technology Services, Inc. ("GTSI" or the "Company") issued a press release announcing that it has reached an agreement of certain legal matters. For additional information, please see the attached press release. Item 6. Resignation of Registrant's Directors Not Applicable. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press release dated October 9, 1997 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. Date: October 14, 1997 GOVERNMENT TECHNOLOGY SERVICES, INC. By: /s/ M. DENDY YOUNG M. Dendy Young President and Chief Executive Officer INDEX TO EXHIBITS =========================================================================== EXHIBIT | NUMBER | DESCRIPTION - --------------------------------------------------------------------------- 99.1 | Press release dated October 9, 1997 =========================================================================== EX-99 2 Exhibit 99.1 [GTSI Logo] Government Technology Services, Inc. 4100 Lafayette Center Drive Chantilly, VA 20151-1200 (703) 502-2000 www.gtsi.com Fern Krauss ESTN Communications (301) 424-9140 fern_krauss@gtsi.com GTSI SETTLES GSA AUDIT CASE CHANTILLY, VA, October 9, 1997 - Government Technology Services, Inc. (Nasdaq: GTSI) announced today that it has reached an agreement with the U.S. Government resolving claims regarding alleged non-disclosure and use by the Company of vendor rebates and marketing funds in connection with GSA Schedule product sales. Under the agreement, GTSI will pay the government a total of $400,000 in three equal annual installments, with interest accruing from the date of the settlement. The agreement resolves and releases the Company from claims under the previously disclosed GSA audit of the Company's GSA Schedule sales for the years 1988 to the present, and settles and dismisses with prejudice a qui tam lawsuit filed on behalf of the Government regarding such GSA Schedule sales. The qui tam lawsuit naming the Company was filed under seal in 1995 and has been subject to a court order prohibiting disclosure of the suit. The qui tam action was filed by the same individual who filed a similar action against Novell, Inc. in 1992, which Novell settled by paying the government $1.7 million. GTSI Chief Executive Officer Dendy Young said, "We are pleased that after a long and thorough audit by the U.S. Government, we have been able to settle the government's claims on favorable terms. This settlement removes a great deal of uncertainty surrounding GTSI's outlook and eliminates the substantial workload associated with responding to the related Government audit. We look forward to continuing to serve and work with our government customers to provide top quality service and a broad selection of microcomputer, workstation, and network-based solutions." Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors that could cause actual results to differ materially are those listed in the Company's most recent report on Form 10-K and included from time to time in other documents filed by the Company with the Securities and Exchange commission. GTSI is the largest dedicated government reseller providing broad-based information technology solutions. The Company offers access to over 100,000 information technology products from more than 2,000 manufacturers. Headquartered in the Washington metropolitan area, GTSI employs more than 400 people and provides products and services to federal, state and local government customers worldwide. # # # GTSI is a registered service mark of Government Technology Services, Inc. All other trademarks and service marks are proprietary to their respective owners. -----END PRIVACY-ENHANCED MESSAGE-----