-----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, KlDtscPU6gNh+S7jZuZX1WDTiarLec26oX28n/9WoShvoi2JwhZDpdyyBjb+DgAu BHNb96NG3lYy2/leVOSBeA== 0001157523-08-004856.txt : 20080605 0001157523-08-004856.hdr.sgml : 20080605 20080605093517 ACCESSION NUMBER: 0001157523-08-004856 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080605 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080605 DATE AS OF CHANGE: 20080605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRI CORP CENTRAL INDEX KEY: 0000853695 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 561362926 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28539 FILM NUMBER: 08882040 BUSINESS ADDRESS: STREET 1: 5949 SHERRY LANE STREET 2: SUITE 1050 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: (214) 378-8992 MAIL ADDRESS: STREET 1: 5949 SHERRY LANE STREET 2: SUITE 1050 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: DIGITAL RECORDERS INC DATE OF NAME CHANGE: 19940824 8-K 1 a5702347.htm DRI CORPORATION 8-K

UNITED STATES

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): June 5, 2008

______________

DRI Corporation
(Exact Name of Registrant as Specified in Its Charter)

North Carolina

000-28539

56-1362926

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)



13760 Noel Road, Suite 830, Dallas, Texas 75240

(Address of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number, Including Area Code

(214) 378-8992

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


ITEM 7.01.     Regulation FD Disclosure

On June 5, 2008, DRI Corporation noted that shareholders approved Huelon Andrew Harrison as a new director on the Company’s Board of Directors during the Annual Meeting of Shareholders held June 3, 2008, in North Carolina.

A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission.

ITEM 9.01.     Financial Statements and Exhibits

(a) Exhibits.

99.1      Press release dated June 5, 2008.


Signature(s)

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.


DRI CORPORATION

 

Date:

June 5, 2008

By:

/s/ STEPHEN P. SLAY

Stephen P. Slay

Vice President, Chief Financial Officer, Secretary, and Treasurer


     INDEX TO EXHIBITS

EXHIBIT
NUMBER

 

DESCRIPTION

 
99.1

Press release dated June 5, 2008.

EX-99.1 2 a5702347ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

DRI Corporation Introduces Newly Elected Board Member

Huelon Andrew Harrison Brings Additional Transit and Banking Experience to the DRI Board of Directors

DALLAS--(BUSINESS WIRE)--DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications technology leader in the domestic and international surface transportation and transit security markets, noted today that shareholders approved Huelon Andrew Harrison as a new director on the Company’s Board of Directors during the Annual Meeting of Shareholders held June 3, 2008, in North Carolina.

Mr. Harrison, who fills a Board position that has been vacant for some time, has more than 20 years’ professional experience in commercial banking, focusing on generating significant increases in relationship with historically under-served clients. He has integrated his professional experience in banking, transportation, civic affiliations, community outreach, and tourism to provide clients with strategic planning, management, and decision-making abilities. This unique combination coupled with his strategic alliances has afforded Mr. Harrison, age 47, the opportunity to effectively support municipalities, communities, and businesses.

Since 1987, Mr. Harrison has been principal of Legacy Resource Group (and its predecessor entity) in Dallas, which provides consulting services to businesses, organizations, and individuals. His primary focus there is strategic partnering, business development, and adaptive management.

From 2007 to present, Mr. Harrison provided consulting services for ACT 21, a joint venture assisting with goals for disadvantaged, minority and/or women-owned business enterprises (D/M/WBE) that were set forth by Dallas Area Rapid Transit (DART).

From 2006 to present, Mr. Harrison served as Minority and/or Women-owned Business Enterprises (M/WBE) Coordinator of the Cedar Hill Government Center where he provided M/WBE coordination services for Hunt Construction.


From 1991 to 2006, Mr. Harrison served as Vice President, Community Relationship Manager at Chase Bank (formerly Bank One, Texas, N.A.) in its Dallas Community Banking Group where he managed a portfolio of more than 400 clients. While there, he also served as company liaison to business owners, not-for-profit organizations, and community groups.

From 1990 to 1991, Mr. Harrison was Vice President, Commercial Lending at Texas Commerce Bank (formerly First City, Texas). While there, he was responsible for developing and implementing marketing programs to increase commercial and consumer borrowing activity. Mr. Harrison is affiliated with several professional and community-based organizations.

Mr. Harrison has held several influential roles within the U.S. transit industry, including:

  • Chairman of the American Public Transportation Association Transit Board Members’ Council from 2004 to 2006;
  • Chairman of the DART Board of Directors from 2003 to 2005; and
  • Member of the DART Board of Directors from 1998 to 2006.

Mr. Harrison also has served in numerous civic leadership roles, including:

  • Chairman of the Dallas Community Development Commission since 2008;
  • Board member of the Dallas Convention & Visitors Bureau since 1996;
  • Trustee of the African American Museum in Dallas since 1990;
  • Chairman of West Dallas Community Centers, Inc. from 2002 to 2005;
  • Chairman of the Dallas Black Chamber of Commerce from 2002 to 2004; and
  • Chairman of the City of Dallas Urban Rehabilitation Standards Board from 1996 to 1998.

In 1981, Mr. Harrison earned a Master of Business Administration (Finance) with Honors from Atlanta University in Georgia. In 1980, he graduated Magna Cum Laude from Southern University in Baton Rouge, La., where he earned a Bachelor of Science (Accounting).

In addition to Mr. Harrison, the following individuals were re-elected to serve on the Company’s Board of Directors until the next annual meeting in 2009:

  • John D. Higgins, age 75, Glen Head, N.Y.;
  • C. James Meese Jr., age 66, Raleigh, N.C.;
  • Stephanie L. Pinson, age 71, Watchung, N.J.;
  • John K. Pirotte, age 58, Raleigh, N.C.;
  • Juliann Tenney, J.D., age 55, Chapel Hill, N.C.; and
  • David L. Turney, age 64, Dallas, Texas.

For each director’s full biography, please refer to the 2008 Definitive Proxy Statement available on the Company’s Web site, www.digrec.com.


ABOUT THE COMPANY

DRI Corporation is a digital communications technology leader in the domestic and international public transportation and transit security markets. Our products include: TwinVision® and Mobitec® electronic destination sign systems, Talking Bus® voice announcement systems, Digital Recorders® Internet-based passenger information and automatic vehicle location/monitoring systems, and VacTell™ video actionable intelligence systems. Our products help increase the mobility, flow, safety, and security of people who rely upon transportation infrastructure around the globe. Using proprietary hardware and software applications, our products provide easy-to-understand, real-time information that assists users and operators of transit bus and rail vehicles in locating, identifying, boarding, tracking, scheduling, and managing those vehicles. Our products also aid transit vehicle operators in their quest to increase ridership and reduce fuel consumption, as well as to identify and mitigate security risks on transit vehicles. Positioned not only to serve and address mobility, energy conservation, and environmental concerns, our products also serve the growing U.S. Homeland Security market. For more information about the Company and its operations worldwide, go to www.digrec.com.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statement, express or implied, concerning future events or expectations or which use words such as “expect,” “fully expect,” “expected,” “appears,” “believe,” “plan,” “anticipate,” “would,” “goal,” “potential,” “potentially,” “range,” “pursuit,” “run rate,” “stronger,” “preliminarily,” “guidance,” “forecast,” etc., is a forward-looking statement. These forward-looking statements are subject to risks and uncertainties, including the risks and uncertainties set forth in our Annual Report on Form 10-K filed March 31, 2008, and as updated in our Quarterly Report on Form 10-Q filed May 15, 2008, particularly those identified in Risk Factors Affecting Our Business. There can be no assurance that any expectation, express or implied, in a forward-looking statement will prove correct or that the contemplated event or result will occur as anticipated.

CONTACT:
DRI Corporation Contact:
Veronica B. Marks
Manager, Corporate Communications
Phone: (214) 378-4776
Fax: (214) 378-8437
E-Mail: ir@digrec.com
or
Sharon Merrill Associates, Inc. Contact:
David C. Calusdian
Executive Vice President and Partner
Phone: (617) 542-5300
Fax: (617) 423-7272
E-Mail: tbus@investorrelations.com

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