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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): April 3, 1997
CHECKPOINT SYSTEMS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
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(State or Other Jurisdiction of Incorporation)
1-11257 22-1895850
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(Commission File Number) (I.R.S. Employer
Identification Number)
101 Wolf Drive, Thorofare, New Jersey 08086
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(Address of Principal Executive Offices (Zip Code)
609-848-1800
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 3, 1997, the Registrant entered into a Termination Agreement
with Ultrak, Inc. pursuant to which the (i) Agreement and Plan of
Reorganization, (ii) Checkpoint Stock Option Agreement; and (iii) Ultrak Stock
Option Agreement, each dated March 11, 1997 between Checkpoint and Ultrak, and
the Shareholder's Agreement dated March 11, 1997 between Checkpoint and George
K. Broady, were each terminated. A press release announcing the termination
of the merger is attached hereto as Exhibit 99.1, which is incorporated herein
by reference. The merger agreement and related documents were previously
described in the Registrant's Form 10-K for the year ending December 29, 1996.
ITEM 5. OTHER EVENTS
On April 3, 1997, the Registrant issued a press release announcing
that the first quarter and 1997 revenues and earnings will not meet street
expectations. A copy of the press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
On April 8, 1997, the Registrant announced by way of a press release
that its board of directors authorized the purchase of up to 10 percent of its
outstanding common stock in transactions intended to satisfy the requirements
of SEC Rule 10b-18. A copy of the press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements - None
(b) Pro forma Financial Information - None
(c) Exhibits
99.1 -- Press Release issued April 3, 1997
99.2 -- Press Release issued April 8, 1997
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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.
CHECKPOINT SYSTEMS, INC. Dated: April 10, 1997
/s/Jeffrey A. Reinhold
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Jeffrey A. Reinhold
Vice President - Finance,
Chief Financial Officer and
Treasurer
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION OF EXHIBITS
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99.1 Press Release issued April 3, 1997
99.2 Press Release issued April 8, 1997