-----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, JQ/GerqyB4AnghEdqD/1XbrfyE0KNIXDiECcQZwxcb282uKuaK2ZhzNr7Tp/xqGJ wy2boC4IGqO4guMuOO7buw== 0000897101-06-000370.txt : 20060214 0000897101-06-000370.hdr.sgml : 20060214 20060214161349 ACCESSION NUMBER: 0000897101-06-000370 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060214 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIMAGE CORP CENTRAL INDEX KEY: 0000892482 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 411577970 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20728 FILM NUMBER: 06615236 BUSINESS ADDRESS: STREET 1: 7725 WASHINGTON AVE S CITY: EDINA STATE: MN ZIP: 55439 BUSINESS PHONE: 6129448144 MAIL ADDRESS: STREET 1: 7725 WASHINGTON AVENUE SOUTH CITY: EDINA STATE: MN ZIP: 55439 8-K 1 rimage060659_8k.htm FORM 8-K DATED: FEBRUARY 14, 2006 Rimage Corporation Form 8-K, Dated: February 14, 2006
 
 


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): February 14, 2006


Rimage Corporation
(Exact name of Registrant as Specified in its Charter)


Minnesota
(State Or Other Jurisdiction Of Incorporation)

000-00619 41-1577970
(Commission File Number) (I.R.S. Employer Identification No.)

7725 Washington Avenue South
Minneapolis, MN
55439
(Address Of Principal Executive Offices) (Zip Code)

(952) 944-8144
Registrant’s Telephone Number, Including Area Code


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 (see General Instruction A.2. below):

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

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

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

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


 
 



Items under Sections 1, 3 through 8 are not applicable and therefore omitted.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

The Company hereby furnishes a press release, issued on February 14, 2006, disclosing material non-public information regarding its preliminary results of operations for the year and quarter ended December 31, 2005.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.
  Description
99.1   Press Release issued on February 14, 2006.


SIGNATURE

        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.

RIMAGE CORPORATION
 
 
By:    /s/ Robert M. Wolf
Robert M. Wolf
 Chief Financial Officer

Date: February 14, 2006






EX-99.1 2 rimage060659_ex99-1.htm PRESS RELEASE DATED FEBRUARY 14, 2006 Exhibit 99.1 to Rimage Corporation Form 8-K dated February 14, 2006

Exhibit 99.1

Rimage Corporation To Report Fourth Quarter Earnings Below Previously Forecasted
Levels Due To Extension of Strategic Consulting Engagement


Minneapolis, MN—February 14, 2006—Rimage Corporation (Nasdaq: RIMG) today announced preliminary earnings of approximately $0.22 per diluted share for the fourth quarter of 2005 ended December 31, compared to previously issued guidance for this period of $0.27 to $0.32 per diluted share. Preliminary fourth quarter earnings include approximately $800,000 of unforecasted expenses related to the fourth quarter extension of a strategic engagement with an international consulting group. Fourth quarter revenues are anticipated at approximately $24 million, compared to guidance of $24.0 to $26.0 million.

For full-year 2005, Rimage expects to report record sales of approximately $95 million (compared to $71.0 million in 2004) and record earnings of approximately $1.10 per diluted share (compared to $0.91 per diluted share in 2004).

Bernard P. (Bernie) Aldrich, president and chief executive officer, commented: “In the third quarter of 2005, we reported expense of approximately $1.1 million for a far-ranging strategic analysis of Rimage’s current operations and potential new market applications for our CD/DVD publishing technology. The remaining $400,000 related to this study was incurred, as expected, in the fourth quarter following its October completion. Later in the fourth quarter, Rimage’s board of directors authorized a second phase of this strategic analysis to accelerate the implementation of the study’s findings, including the formulation of pricing and product positioning strategies in support of our intensified focus on providing mission critical CD/DVD business solutions. Due to this extension, Rimage realized an additional $800,000 of expense in the fourth quarter and will incur the final balance of $1.2 million in the first quarter of 2006, when the consulting group’s engagement will be concluded.”

Aldrich continued: “As a result of this extensive process of fact-finding and implementation, we are equipped with a much more clearly defined vision of Rimage’s future as well as the strategies required for attaining our future growth and profit objectives. We believe this work has further strengthened our long-term prospects by positioning Rimage to take optimum advantage of new opportunities that can be served through our core competencies in mission critical CD/DVD publishing solutions.”

Rimage will release its fourth quarter and full-year 2005 operating results on February 21, 2006.

About Rimage
Rimage Corporation is the world’s leading provider of recordable CD and DVD publishing systems, which are used by businesses to produce discs with customized digital content on an on-demand basis. Rimage’s publishing systems, which span the range from high to low CD/DVD production volumes, integrate robotics, software and surface label printers into a complete publishing solution. Rimage is focusing its CD/DVD publishing solutions on a set of vertical markets with special needs for customized, on-demand digital information: digital photography, medical imaging, financial institutions, business offices, and government. Visit our web site at www.rimage.com

Statements regarding Rimage’s anticipated future performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the computer peripherals market, competitive products, changes in technology, conditions in overseas markets that could affect international sales, and other factors set forth in Rimage’s filings with the Securities and Exchange Commission.

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For additional information, contact:  
Bernard P. (Bernie) Aldrich, CEO Richard G. Cinquina
Robert M. Wolf, CFO Equity Market Partners
Rimage Corporation 904/415-1415
952/944-8144  



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