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
October 27, 1995
ITEM 5. OTHER EVENTS.
On October 25, 1995, the Registrant signed a Letter of Intent to acquire all of the stock of IMS Technologies, Inc. for $6.5 million in cash. The agreement also calls for the payment of consulting fees of $1.5 million over 3 years to four founders of IMS. The acquisition is subject to due diligence, and approval of a detailed acquisition agreement by each Company's Board of Directors. The transaction is expected to close on or about January 3, 1996.
IMS has approximately 375 employees, and generates approximately $22 million per year in revenue. IMS helps clients solve complex management and technical problems through effective use of information technology. These services are provided to the U.S. Navy, the Departments of Justice and Education, the Drug Enforcement Agency, the Social Security Administration and the IRS. IMS is headquartered in Rockville, MD and has major offices in Dahlgren, VA; Arlington, VA; New Orleans, LA; and Cherry Point, N.C. Based upon current forecasts, the acquisition should provide at least $0.05 in earnings per share during the first full year of operations.
A copy of CACI's October 26, 1995 press release regarding CACI's execution of a Letter of Intent to acquire IMS is attached as an Exhibit to this Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(99)(a) Press Release dated October 26, 1995 announcing CACI's execution of a Letter of Intent to acquire IMS.
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 hereunto duly authorized.
By: \s\ Dated: Oct. 27, 1995 - ------------------------------ Arnold D. Morse Assistant General Counsel & Assistant Corporate Secretary |
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 hereunto duly authorized.
CACI International Inc
(Registrant)
Dated: Oct. 30, 1995
By:
Jeffrey P. Elefante
Sr. Vice President, General Counsel &
Corporate Secretary
Exhibit 99(a)
October 26, 1995
CACI Announces Intent to Acquire
IMS Technologies, Inc.
Arlington, Va.--CACI International Inc (NASDAQ: CACI) announced today that they have signed a Letter of Intent to acquire all of the stock of IMS Technologies, Inc. (IMS) for $6.5 million in cash. The agreement also calls for the payment of consulting fees of $1.5 million over 3 years to four founders of IMS. The acquisition is subject to due diligence, and approval of a detailed acquisition agreement by each Company's Board of Directors. The transaction is expected to close on or about January 3, 1996.
IMS has approximately 375 employees, and generates approximately $22 million per year in revenue. IMS helps clients solve complex management and technical problems through effective use of information technology. These services are provided to the U.S. Navy, the Departments of Justice and Education, the Drug Enforcement Agency, the Social Security Administration and the IRS. IMS is headquartered in Rockville, MD and has major offices in Dahlgren, VA, Arlington, VA, New Orleans, LA, and Cherry Point, NC. Based upon current forecasts, the acquisition should provide at least $0.05 in earnings per share during the first full year of operations.
Chairman, President and CEO Dr. Jack London said, "We are extremely pleased to have the people of IMS Technologies join with CACI. They are well managed, and have received numerous awards for being an outstanding small business contractor. IMS will make a significant contribution to our future growth." Dr. London also noted, "The addition of IMS is a further step in our business plan which calls for synergistic, anti-dilutive niche acquisitions."
CACI is an international information technology products and services corporation. The company specializes in developing and integrating systems, software, and simulation products in support of government agencies and commercial enterprises worldwide.
###
For further information contact: Samuel Strickland
CACI International Inc
(703) 841-7800
Douglas Poretz
Douglas Poretz, Ltd.
(703) 506-1778
|