0000927016-01-503340.txt : 20011030
0000927016-01-503340.hdr.sgml : 20011030
ACCESSION NUMBER: 0000927016-01-503340
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011025
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011026
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: KRONOS INC
CENTRAL INDEX KEY: 0000886903
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 042640942
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-20109
FILM NUMBER: 1767287
BUSINESS ADDRESS:
STREET 1: 400 FIFTH AVENUE
CITY: WALTHAM
STATE: MA
ZIP: 02154
BUSINESS PHONE: 6178903232
MAIL ADDRESS:
STREET 1: 400 FIFTH AVE
STREET 2: 400 FIFTH AVE
CITY: WALTHAM
STATE: MA
ZIP: 02154
8-K
1
d8k.txt
FORM 8K
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): October 25, 2001
Kronos Incorporated
-----------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Massachusetts
-----------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-20109 04-2640942
------------------------- ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
297 Billerica Road
Chelmsford, Massachusetts 01824
------------------------------------ ----------
(Address of Principal Executive Offices) (Zip Code)
(978) 250-9800
--------------------------------
(Registrant's Telephone Number, Including Area Code)
_______________
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
Kronos Incorporated (the "Registrant") is filing this Current Report on
Form 8-K for the purpose of filing with the Securities and Exchange Commission
as an exhibit hereto the Registrant's press release, dated October 25, 2001,
announcing the declaration of a 3-for-2 stock split of the Registrant's Common
Stock, par value $0.01 per share (the "Common Stock"), in the form of a 50%
Common Stock dividend. The Common Stock dividend will be paid on or about
November 15, 2001 to all holders of record as of the close of business on
November 5, 2001 (the "Record Date").
The Registrant will not issue fractional shares of Common Stock in
connection with the stock split and any holder of Common Stock who would
otherwise be entitled to a fractional share will be paid an amount equal to the
value of such fractional share interest based on the last reported sale price
per share (at the 4:00 p.m. eastern standard time end of regular trading hours)
of the Common Stock on the Record Date on the Nasdaq National Market.
A copy of the Press Release issued in connection with the declaration of a
3-for-2 stock split in the form of a 50% Common Stock dividend is attached to
this Current Report on Form 8-K as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Businesses Acquired
Not Applicable.
(b) Pro Forma Financial Information
Not Applicable.
(c) Exhibits
99.1 Press Release, dated October 25, 2001, issued in connection with
the declaration of a 3-for-2 stock split in the form of a 50%
Common Stock dividend.
-2-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
KRONOS INCORPORATED
Date: October 26, 2001 By: /s/ Paul A. Lacy
----------------------------
Paul A. Lacy
Vice President, Administration
Treasurer and Clerk
-3-
EXHIBIT INDEX
Exhibit No. Description
---------- -----------
99.1 Press Release, dated October 25, 2001, issued in connection with
the declaration of a 3-for-2 stock split in the form of a 50%
Common Stock dividend.
-4-
EX-99.1
3
dex991.txt
PRESS RELEASE DATED OCTOBER 25, 2001
Exhibit 99.1
For Immediate Release
Contact: Paul Lacy
Kronos Incorporated
(978) 947-4944
placy@kronos.com
----------------
Kronos(R) announces three-for-two stock split
---------------------------------------------
CHELMSFORD, Mass., Oct. 25, 2001 - Kronos(R) Incorporated (Nasdaq: KRON), the
leading provider of frontline labor management solutions, today announced that
its Board of Directors has declared a three-for-two split of Kronos common stock
in the form of a 50 percent stock dividend.
On or about Nov. 15, 2001, Kronos will distribute one share of Kronos common
stock for every two shares of common stock held by Kronos shareholders of record
as of Nov. 5, 2001. Issuance of the new shares will increase the number of
outstanding shares of Kronos stock to approximately 19 million. This is the
third stock split since Kronos' initial public offering in June 1992. The other
two were in January 1996 and March 1999.
"This action underscores our confidence in Kronos' future," said Mark S. Ain,
chief executive officer of Kronos.
About Kronos Incorporated
Kronos is the world's #1 provider of solutions for frontline labor management.
Founded in 1977, Kronos has been universally recognized as the pioneer of labor
management systems with over 50 percent market share and over 30,000 customers
worldwide. The Chelmsford, Mass.-based company offers the industry's broadest
suite of applications for managing employee time and activity data, scheduling
the workforce, and providing frontline managers with the tools they need to
measure and improve labor productivity. Kronos applications allow organizations
of all sizes to automate labor management for their entire workforce.
www.kronos.com
###
(C) 2001 Kronos Incorporated. Kronos and the Kronos logo are registered
trademarks of Kronos Incorporated. All other product and company names mentioned
are used for identification purposes only and may be trademarks of their
respective owners.