-----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, C6v93pu/9r5HT6P16ljSqAcv1i356W53LnrmGxbdOMYB0tRt+AqOfZBBmEYy05cQ 85T5IHFfADlgnHkRZBufjA== 0000897069-97-000122.txt : 19970318 0000897069-97-000122.hdr.sgml : 19970318 ACCESSION NUMBER: 0000897069-97-000122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970306 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970317 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: EFFECTIVE MANAGEMENT SYSTEMS INC CENTRAL INDEX KEY: 0000853372 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 391292200 STATE OF INCORPORATION: WI FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23438 FILM NUMBER: 97557424 BUSINESS ADDRESS: STREET 1: 12000 WEST PARK PL CITY: MILWAUKEE STATE: WI ZIP: 53224 BUSINESS PHONE: 4143599800 8-K 1 EFFECTIVE MANAGEMENT SYSTEMS, INC. FORM 8-K 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): March 6, 1997 Effective Management Systems, Inc. (Exact name of registrant as specified in its charter) Wisconsin 0-23438 39-1292200 (State or other (Commission File Number) IRS Employer jurisdiction of Identification No.) incorporation) 12000 West Park Place, Milwaukee, Wisconsin 53224 (Address of principal executive offices including zip code) (414) 359-9800 (Registrant's telephone number) Item 5. Other Events. Effective Management Systems, Inc. (NASDAQ: EMSI, EMSIW) disclosed, on March 6, 1997, that it expects to report an estimated net loss of $750,000 to $950,000, or 19 cents to 24 cents a share, for the fiscal first quarter ended February 28, primarily reflecting a delay in the finalization of a major contract. EMS continues to expect successful closure of the contract, with a Fortune 500 manufacturer, during the second quarter ending May 31. The company also may initiate other specific measures to help improve the profitability of the current quarter. The delay in the finalization of this contract, plus some softness in new-account sales, however, mean that first-quarter revenues and net results will fall short of initial internal projections. This filing includes forward-looking statements regarding the company's expectations of its first quarter financial results and of closing successfully the contract referenced above. These statements are subject to certain risks and uncertainties which could cause the actual results to differ materially from those currently anticipated. Factors which could affect the actual results include, among others, final calculation of the first quarter results as well as decisions which the potential manufacturing customer may make regarding the timing and impact of the company's product to support the customer's strategic plan. These factors should be considered in evaluating the forward-looking statements because no assurance can be given that the actual financial results will be within the projected range or that the contract ultimately will be closed. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Not applicable. (b) Not applicable. (c) Exhibits. The following exhibit is being filed herewith: (99.1) Press Release, dated March 6, 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. EFFECTIVE MANAGEMENT SYSTEMS, INC. (Registrant) Dated: March 14, 1997 By: /s/ Jeffrey J. Fossum Jeffrey J. Fossum Chief Financial Officer & Assistant Treasurer (Principal Financial and Accounting Officer) EFFECTIVE MANAGEMENT SYSTEMS, INC. EXHIBIT INDEX TO FORM 8-K Exhibit (99.1) Press Release, dated March 6, 1997 EX-99.1 2 EFFECTIVE MANAGEMENT SYSTEMS, INC. PRESS RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE 8 a.m. EST, Thursday, March 6, 1997 EMS EXPECTS FIRST-QUARTER NET LOSS DUE TO DELAY IN CONTRACT FINALIZATION Milwaukee -- Effective Management Systems, Inc. (NASDAQ: EMSI, EMSIW), the first provider of pre-integrated manufacturing software, disclosed that it expects to report an estimated net loss of $750,000 to $950,000, or 19 cents to 24 cents a share, for the fiscal first quarter ended February 28, primarily reflecting a delay in the finalization of a major contract. EMS continues to expect successful closure of the contract, with a Fortune 500 manufacturer, during the second quarter ending May 31. The company also may initiate other specific measures to help improve the profitability of the current quarter. The delay in the finalization of this contract, plus some softness in new-account sales, however, mean that first-quarter revenues and net results will fall short of initial internal projections. "Our plan for the quarter was predicated on the release of this important order, to which we have devoted considerable resources during the last two years," says Michael D. Dunham, president and chief executive officer of EMS. "Efforts to secure large contracts like this one are part of our strategy for growing the company, but the vagaries of dealing with such crucial individual pieces of business sometimes can cause significant, unanticipated adverse impacts. Unfortunately, that's what happened here." "Yet this tactical setback underscores a broader positive reality: By doubling our revenues and significantly broadening our capabilities in the last three years, EMS has elevated itself to the next level in the manufacturing-software business." EMS's pre-integrated TCM and FACTORYnet I/S software supports management of manufacturing operations in discrete-manufacturing plants in the U.S., Asia and Europe. This press release includes forward-looking statements regarding the company's expectations of its first quarter financial results and of closing successfully the contract referenced above. These statements are subject to certain risks and uncertainties which could cause the actual results to differ materially from those currently anticipated. Factors which could affect the actual results include, among others, final calculation of the first quarter results as well as decisions which the potential manufacturing customer may make regarding the timing and impact of EMS's product to support the customer's strategic plan. These factors should be considered in evaluating the forward- looking statements because no assurance can be given that the actual financial results will be within the projected range or that the contract ultimately will be closed. For more information, contact Dale Buss, for EMS, at 810/359/9800. -----END PRIVACY-ENHANCED MESSAGE-----