-----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, FeTyHVtxqYTTBJe82DyvoYNcq/jle8rfQSKAHMtGnhvWiaI9KjeXkH9h+P+sy3bF fNpoFA7jByJYFrLf0brx4Q== 0000950124-00-000311.txt : 20010125 0000950124-00-000311.hdr.sgml : 20010125 ACCESSION NUMBER: 0000950124-00-000311 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000128 ITEM INFORMATION: FILED AS OF DATE: 20000128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRO LEARNING INC CENTRAL INDEX KEY: 0000893965 STANDARD INDUSTRIAL CLASSIFICATION: 2741 IRS NUMBER: 363660532 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20842 FILM NUMBER: 516872 BUSINESS ADDRESS: STREET 1: POPLAR CREEK OFFICE PLAZA STREET 2: 1721 MOON LAKE BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60194 BUSINESS PHONE: 8477817800 MAIL ADDRESS: STREET 1: 1721 MOON LAKE BLVD SUITE 555 CITY: HOOFMAN ESGTATES STATE: IL ZIP: 60194 FORMER COMPANY: FORMER CONFORMED NAME: TRO LEARNING INC DATE OF NAME CHANGE: 19940218 8-K 1 FORM 8-K 1 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: January 28, 2000 TRO LEARNING, INC. ------------------ (Exact name of Registrant as specified in its charter)
Delaware 0-20842 36-3660532 - - -------- ------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification Number)
1721 Moon Lake Boulevard, Suite 555, Hoffman Estates, IL 60194 - - -------------------------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (847) 781-7800 -------------- Not Applicable -------------- (Former name or former address if changed since last report) 2 ITEM 5. OTHER EVENTS ------------ TRO Learning, Inc. (the "Company") today filed its Form 10-K for fiscal 1999 with the Securities and Exchange Commission. As previously reported, the Company had record PLATO(R) Education results for its fiscal 1999 year. Courseware and Professional Services revenues increased 13% to $40.5 million from $35.7 million in 1998. The Company also reported pre-tax income of $5.0 million for its fiscal 1999 year, a 64% increase over the prior year. Net income reported by the Company for fiscal 1999 was $15 million compared to net income of $3 million in fiscal year 1998 (includes a nonrecurring tax benefit in fiscal 1999 of $10 million). Fully diluted earnings per share were $2.03 ($0.70 per share excluding the nonrecurring tax benefit) compared to net income of $0.47 per fully diluted share for the year ended October 31, 1998. Basic earnings per share for fiscal 1999 were previously reported at $2.27. With completion of the year-end audit and final accounting treatment for the January 1999 convertible preferred stock transaction, basic earnings per share for fiscal 1999 have been revised to $2.18. This revision is purely a technical accounting revision, and had no effect on revenues, net income or fully diluted earnings per share for the year. In conjunction with this revision, the Company will be amending its previously filed Forms 10-Q for fiscal 1999 to reflect necessary changes in previously reported earnings per share and balance sheet amounts for the convertible preferred stock and stockholder's equity at interim periods in fiscal 1999. 3 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, on January 28, 2000. TRO LEARNING, INC. By /s/ John Murray ------------------------------ John Murray President, Chief Operating Officer and Acting Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----