-----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, OY78Xe+9f2T0Wla4y4f8D8FH1dIrLrO6tzErZ4fkO/bNw2qo2R00/AzJRc4q5stR CDcT689Kp98E82gArklXBw== 0000054507-99-000026.txt : 19990705 0000054507-99-000026.hdr.sgml : 19990705 ACCESSION NUMBER: 0000054507-99-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990701 ITEM INFORMATION: FILED AS OF DATE: 19990702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROTECTION ONE INC CENTRAL INDEX KEY: 0000916230 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 931063818 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12181-01 FILM NUMBER: 99658280 BUSINESS ADDRESS: STREET 1: 6011 BRISTOL PKWY CITY: CULVER CITY STATE: CA ZIP: 90230 BUSINESS PHONE: 3103386930 MAIL ADDRESS: STREET 1: 3900 SW MURRAY BLVD CITY: BEAVERTON STATE: OR ZIP: 97005 8-K 1 7/1/99 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) July 1, 1999 (June 28, 1999) Protection One, Inc. Protection One Alarm Monitoring, Inc. (Exact Name of Registrant (Exact Name of Registrant as Specified in Charter) as Specified in Charter) Delaware Delaware (State or Other Jurisdiction (State or Other Jurisdiction of Incorporation) of Incorporation) 0-247802 33-73002-1 (Commission File Number) (Commission File Number) 93-1063818 93-1065479 (I.R.S. Employer (I.R.S. Employer Identification No.) Identification No.) 600 Corporate Pointe, 12th Floor 600 Corporate Pointe, 12th Floor Culver City, California 90230 Culver City, California 90230 (Address of Principal Executive (Address of Principal Executive Offices, Including Zip Code) Offices, Including Zip Code) (310) 342-6300 (310) 342-6300 (Registrant's Telephone Number, (Registrant's Telephone Number, Including Area Code) Including Area Code) Item 5. Other Events On June 28, 1999, Protection One Alarm Monitoring, Inc., a wholly-owned subsidiary of Protection One, Inc., entered into a definitive purchase agreement with ATX Technologies, Inc. ("ATX") for the sale of the assets of its Mobile Services Group for consideration of approximately $28 million, a component of which is preferred stock of ATX, subject to certain post-closing adjustments. The closing of the transaction is subject to customary conditions, including the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99.1 - Press release dated as of June 28, 1999 issued by Protection One, Inc. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Protection One, Inc. Date: July 1, 1999 By: /s/ John E. Mack III John E. Mack III, Chief Executive Officer Protection One Alarm Monitoring, Inc. Date: July 1, 1999 By: /s/ Tom K. Rankin Tom K. Rankin, President EXHIBIT INDEX Exhibit Number Description of Exhibit 99.1 Press release dated as of June 28, 1999 issued by Protection One, Inc. EX-99 2 PRESS RELEASE Exhibit 99.1 Protection One Announces Definitive Agreement to Sell Mobile Services Group and Form Alliance With ATX Technologies CULVER CITY, Calif. and SAN ANTONIO--(BUSINESS WIRE)--June 28, 1999- -Protection One, Inc. (NYSE:POI), one of the nation's leading providers of life safety and property monitoring services and 85% owned by Western Resources (NYSE:WR), today announced the signing of a definitive agreement to sell its Mobile Services Group to ATX Technologies, Inc. for approximately $28.0 million, a component of which includes a preferred stock investment in ATX. Protection One will continue to deliver mobile services through an exclusive reseller arrangement with ATX. John E. Mack III, chief executive officer of Protection One, said, "Our Mobile Services Group has been a pioneer in the emerging business of providing security and information to the OEM automobile industry as well as other developing markets, including the retrofit vehicle and wireless communications markets. Protection One will be able to recognize a significant return on our investment in this business and will retain a meaningful equity interest through our alliance with ATX. The combination of ATX's expertise in the telematics market and excellence of our Mobile Services Group will position the two companies as a major competitor in the telematics industry and should result in upside equity potential for Protection One." Telematics is a relatively new service industry that combines wireless and location identification technologies with call center-based convenience and emergency response services. From navigation assistance to vehicle theft recovery, telematics provides drivers and fleet managers with immediate access to location-based information about their vehicles, road conditions and more. Steven W. Riebel, president and chief executive officer of ATX said, "We fully intend to become the mobile information service provider of choice in the wireless world, building upon the expertise that Protection One has developed as a leading provider of telematics services to the automotive industry. Together we will create a new vision that will take telematics solutions to a new level." The combined company will provide mobile services to a number of major companies, including Mercedes-Benz North America; Ford Motor Company including Ford, Jaguar and Lincoln-Mercury; the Infiniti Division of Nissan Motor Company; Greyhound Lines Inc.; Fujitsu Ten Corp. of America; Mitsubishi Electric Corporation; and Alpine Electronics of America. ATX intends to maintain Protection One's existing Mobile Services Group operations in Irving, Texas and has agreed to hire all of the current employees upon closing, which is expected to occur in the third quarter. ATX is recognized as one of the leaders in the mobile mayday and telematics industries. ATX was the first to ship a mobile mayday GPS tracking product for the aftermarket, the pioneer of simultaneous voice and data transmission over a single line and the developer of the first and only embedded wireless solution within a mayday product. ATX has helped law enforcement agencies apprehend more than 500 car thieves to date and has been instrumental in assisting police in the recovery of personal and commercial vehicles. Credit Suisse First Boston acted as financial advisor to Protection One in this transaction. Protection One, the nation's second largest residential security alarm company, provides monitoring and related security services to more than 1.6 million residential and commercial subscribers in North America and Europe. For more information about Protection One and its operating companies, visit us on the Internet at: www.protectionone.com. Western Resources is a consumer services company with interests in monitored security and energy. Western Resources has total assets of more than $8 billion. Western Resources' utility companies, KPL and KGE, provide electric service to approximately 600,000 customers in Kansas. Through its ownership in ONEOK, Inc. (NYSE:OKE), a Tulsa-based natural gas company, Western Resources has a 45 percent interest in the eighth largest natural gas distribution company in the nation, serving more than 1 million customers. For more information about Western Resources and its operating companies, visit them on the Internet at: www.wr.com. For more information about ATX, call 800/789-4373 or visit them on the Internet at: www.track.com. Statements contained in this press release concerning statements of management's beliefs, goals and expectations are "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Certain information in this release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbor protections of that Act. Other risks and uncertainties are described in Protection One's 1998 Form 10-K filed with the Securities and Exchange Commission on April 14, 1999 and the Form 10-Q filed on May 17, 1999. Protection One disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. -----END PRIVACY-ENHANCED MESSAGE-----