-----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, OB89zT3HdKp01S8685MrgEO0ZWqgR+jlvbrQ2BYrFCLKlkqf8Wxf8XRhIqBV/3Ja fT9KfBxNaGvI9hjpeGWUug== 0000950117-99-000618.txt : 19990330 0000950117-99-000618.hdr.sgml : 19990330 ACCESSION NUMBER: 0000950117-99-000618 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990316 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CELLULAR TECHNICAL SERVICES CO INC CENTRAL INDEX KEY: 0000876378 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 112962080 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19437 FILM NUMBER: 99576544 BUSINESS ADDRESS: STREET 1: 2401 FOURTH AVE STREET 2: SUITE 808 CITY: SEATTLE STATE: WA ZIP: 98121 BUSINESS PHONE: 2064436400 MAIL ADDRESS: STREET 1: 2401 4TH AVENUE SUITE 808 CITY: SEATTLE STATE: WA ZIP: 98121 8-K 1 CELLULAR TECHNICAL SERVICES CO INC 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 16, 1999 CELLULAR TECHNICAL SERVICES COMPANY, INC. (Exact Name of Registrant as Specified in its Charter) DELAWARE 0-19437 11-2962080 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.) Incorporation) 2401 FOURTH AVENUE SEATTLE, WASHINGTON 98121 (Address of Principal Executive Offices) (Zip Code) (206) 443-6400 (Registrant's telephone number, including area code)
================================================================================ This Current Report on Form 8-K is filed by Cellular Technical Services Company, Inc., a Delaware corporation (the "Company"), in connection with the matters described herein. ITEM 5. OTHER EVENTS On March 16, 1999, the Company issued a press release (the "Press Release") reporting that a stipulation of settlement of a securities class action lawsuit brought against the Company and certain current or former executives has been filed with the United States District Court for the Western District of Washington. A copy of the Press Release is attached to this report as Exhibit 99.01. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial statements of business acquired: Not applicable. (b) Pro forma financial information: Not applicable. (c) Exhibits: 99.01: Press Release dated March 16, 1999. -2- 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. Date: March 29, 1999 CELLULAR TECHNICAL SERVICES, COMPANY, INC. By: /s/ Michael E. McConnell ------------------------ Michael E. McConnell Chief Financial Officer -3- EXHIBIT INDEX
Exhibit Number Description - ------- ----------- 99.01 Press Release dated March 16, 1999.
-4- EX-99 2 EXHIBIT 99.01 Exhibit 99.01 FOR IMMEDIATE RELEASE Company Contact: Sue Marshall Director, Investor Relations 516-887-0727 CELLULAR TECHNICAL SERVICES ANNOUNCES SETTLEMENT OF CLASS ACTION SUIT Seattle, WA, March 16, 1999 - Cellular Technical Services Company, Inc. (Nasdaq NM Symbol CTSC) ("CTS"), a leading provider of real-time information management systems for the wireless communications industry, today announced that a stipulation of settlement of the securities class action originally commenced in July 1997 has been filed with the United States District Court for the Western District of Washington. The stipulation, in which no liability or fault is admitted by CTS or any of its executives, provides for a settlement payment of $4.1 million that will be paid by CTS' insurance carriers. The settlement is subject to various terms and conditions, including final court approval. If such terms and conditions are fulfilled, all claims brought against CTS and certain of its executives will be dismissed. Commenting on the settlement, Kyle Sugamele, CTS' Vice President and General Counsel, stated, "We actively defended against this lawsuit since its inception as we continue to believe it is without merit. However, this settlement allows our company to again focus on reaching our goals without the expense and distraction associated with protracted litigation." CTS provides leading technological solutions for the wireless communications industry to assist with call data collection and distribution and to prevent fraud. The Company's Blackbird Platform fraud prevention product line prevents millions of fraudulent calls each week in more than 40 of the largest markets across the United States, including: New York, Boston, Hartford/New Haven, Philadelphia, Pittsburgh, Baltimore, Washington D.C., Chicago, Detroit, Milwaukee, Atlanta, Los Angeles, San Francisco, and San Diego. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. A description of these risks and uncertainties can be found in the Company's filings with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----