-----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, E+2W28e9jZ27oPnY+jgYL/9DQqNn3NbZXwFyET+Nt4DSBjTlJ5fs5c+lUA4tKgYz OYH4i7JzNe7BhSufUP/dlQ== 0000054507-99-000049.txt : 19990906 0000054507-99-000049.hdr.sgml : 19990906 ACCESSION NUMBER: 0000054507-99-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990903 ITEM INFORMATION: FILED AS OF DATE: 19990903 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: 99705815 BUSINESS ADDRESS: STREET 1: 600 CORPORATE POINTE STREET 2: 12TH FLOOR 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 09/03/99 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) September 3, 1999 (September 2, 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 September 2, 1999, Protection One, Inc. and Lifeline Systems, Inc. announced a mutual agreement to terminate their proposed merger. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99.1 - Press release dated as of September 2, 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: September 3, 1999 By: /s/ Anthony D. Somma Anthony D. Somma Chief Financial Officer Protection One Alarm Monitoring, Inc. Date: September 3, 1999 By: /s/ Anthony D. Somma Anthony D. Somma Chief Financial Officer EXHIBIT INDEX Exhibit Number Description of Exhibit 99.1 Press release dated as of September 2, 1999 issued by Protection One, Inc. EX-99 2 EX-99.1 Exhibit 99.1 Media contact: Contact: Robin J. Lampe Dennis Hurley Phone: (785) 575-6468 Vice President - Finance Investor contact: Chief Financial Officer Adam M. Goldston (508) 988-1382 Phone: (310) 285-6502 FOR IMMEDIATE RELEASE LIFELINE SYSTEMS AND PROTECTION ONE AGREE TO TERMINATE MERGER CULVER CITY, Calif., and FRAMINGHAM, Mass., Sept. 2, 1999 -- Protection One, Inc. (NYSE: POI) and Lifeline Systems, Inc. (NASDAQ:LIFE) today announced that they have entered into a mutual agreement to terminate their proposed merger. The merger agreement was announced in October 1998. Ron Feinstein, Lifeline president and chief executive officer, said, "We believe that the proposed combination with Protection One created a unique opportunity for synergies. However, delays in the regulatory process have made it appropriate for us to refocus our attention on creating shareholder value without this pending merger. We have many exciting opportunities to continue to grow our company and are concentrating all our energy on these endeavors." John E. Mack III, chief executive officer of Protection One, said, "The termination of this agreement will allow us to continue our strategic focus on our residential monitored security services. We plan now to devote all of our energy to our core business, divesting non-core assets when appropriate, focusing on customer growth and service." The companies also announced that they agreed to terminate the related stock option granted to Protection One by Lifeline in connection with the proposed merger. Lifeline announced that it plans to take a charge to earnings in the third quarter of 1999 of approximately $500,000 or $0.05 per share on an after-tax basis, to reflect unreimbursed costs incurred in connection with the intended merger. Protection One indicated that it plans to take a charge to earnings in the third quarter of approximately $2.2 million or $0.02 per share. Protection One, one of the leading residential security alarm companies in the United States, provides monitoring and related security services to more than 1.6 million residential and commercial subscribers in North America and Europe. 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/A filed with the Securities and Exchange Commission on April 14, 1999 and quarterly reports on Form 10-Q filed on May 17, 1999 and August 16, 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. Lifeline Systems, Inc. is the leading provider of personal response services in the United States and Canada, currently serving more than 263,000 subscribers from its response centers in Framingham and Cambridge, Mass., and Toronto, Ontario. Lifeline is committed to providing reassurance and peace of mind to those people who live alone and are faced with isolation and loneliness, as well as the need for emergency response. Lifeline does this by combining dedicated, well-trained people, with advanced technology. This press release may contain forward-looking statements relating to the future performance of Lifeline Systems, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the uncertainty associated with the timing and magnitude of the transition in the Company's revenue mix, the risks associated with the development and implementation of the Company's new technology platform and other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC) including the Company's Annual Report on Form 10-K, Form 10-Q and other filings and releases. -----END PRIVACY-ENHANCED MESSAGE-----