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): December 23, 2008
______________
DRI Corporation
(Exact Name of Registrant as Specified in Its Charter)
North Carolina | 000-28539 | 56-1362926 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
13760 Noel Road, Suite 830, Dallas, Texas 75240 |
| (Address of Principal Executive Offices) (Zip Code) |
Registrant's Telephone Number, Including Area Code | (214) 378-8992 |
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:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01. Regulation FD Disclosure
On December 23, 2008, DRI Corporation announced that the Company’s Mobitec Group subsidiary in Sweden has received confirmation that it is to be awarded several substantial orders for Mobitec® electronic information display systems (EIDS) – perhaps one of the largest total order values related to one end-user’s requirements in the Company’s history – on behalf of the Roads and Transport Authority’s Public Transport Agency (RTA) transit bus vehicle fleet in Dubai, United Arab Emirates.
In the same press release, the Company updated its outlook for 2008 and stated its preliminary outlook for 2009.
The press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements concerning the timing of order deliveries, the estimated total size of future orders, including the RTA orders, the proportion such RTA orders bear to the Company’s historic order flow, as well as to the total bus vehicles ordered by RTA, and the total size of the entire RTA bus vehicle procurement, guidance for FY2008 and FY2009, as well as any statement, express or implied, concerning future events or expectations or which use words such as “expect,” “fully expect,” “expected,” “appears,” “believe,” “plan,” “anticipate,” “would,” “goal,” “potential,” “potentially,” “range,” “pursuit,” “run rate,” “stronger,” “preliminarily,” “forecast,” “opinion,” etc., is a forward-looking statement. These forward-looking statements are subject to risks and uncertainties, including risks and uncertainties associated with the timing of order deliveries, the size of the DRI RTA order, and the entire RTA bus vehicle procurement may be less than anticipated or not be as significant when compared with the DRI order history, or that guidance for FY2008 and FY2009 may not prove accurate over time, as well as other risks and uncertainties set forth in our Annual Report on Form 10-K filed March 31, 2008, and as updated in our Quarterly Report on Form 10-Q filed Nov. 14, 2008, particularly those identified in Risk Factors Affecting Our Business. There can be no assurance that any expectation, express or implied, in a forward-looking statement will prove correct or that the contemplated event or result will occur as anticipated.
A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission.
ITEM 9.01. Financial Statements and Exhibits
(a) Exhibits.
99.1 Press release dated December 23, 2008.
Signature(s)
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.
| | DRI CORPORATION |
| | |
Date: | December 23, 2008 | By: | /s/ STEPHEN P. SLAY |
| | | Stephen P. Slay |
| | | Vice President, Chief Financial Officer, Secretary, and Treasurer |
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
99.1 Press release dated December 23, 2008.
