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: August 6, 2001
(Date of earliest event reported)
SANDATA, INC.
(Exact Name of Registrant as specified in charter)
Delaware 0-14401 11-2841799
State or other Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
26 Harbor Park Drive, Port Washington, New York 11050
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code (516) 484-4400
Item 5. Other Events
On August 9, Sandata, Inc. (the "Registrant") issued a press release
announcing the termination of Stephen Davies' employment as President of the
Company, effective at the close of business on August 6, 2001, and the reduction
of the Registrant's workforce by approximately 30 employees, effective August 8,
2001. A copy of the press release is attached hereto as Exhibit 99.
Exhibits
99. Press Release dated August 9, 2001.
SIGNATURES
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.
Dated: August 10, 2001
By: /s/ Bert E. Brodsky
Bert E. Brodsky,
Chairman of the Board and
Chief Executive Officer
EXHIBITS
Exhibit
Number Description of Exhibit
99 Press Release issued by Registrant on August 9, 2001
EXHIBIT 99
Contact: Bert Brodsky
26 Harbor Park Drive
Port Washington, NY 11050
Phone: (516) 484-4400, X-200
Fax: (516) 484-3290
E-mail: bbrodsky@sandata.com
Autuori Corporate Communications, Inc.
Donna M. Autuori
Phone: (631) 969-0958
Fax: (631) 969-0027
E-mail: dautuori@aol.com
For Immediate Release:
Sandata, Inc. Renews Emphasis on its Core Home Health Care Market
Resulting in Termination of President and Other Staff Reductions
Port Washington, NY, August 9, 2001: Sandata, Inc. (Nasdaq: SAND) (the
"Company"), a leading provider of computer services principally to the home
health care industry, announced today that its decision to renew its emphasis on
its core home health care industry customers has led to the termination of
Stephen Davies as President of the Company. Additionally, based on this business
decision, the Company will be eliminating certain positions and terminating
approximately 30 other employees.
Mr. Davies was hired last year largely because of his marketing experience
in broad industry segments. That expertise, the Company's Board of Directors
concluded, was no longer a primary requirement of its President in light of
Sandata's well-established presence in the home health care market. Current
plans are for the duties and responsibilities of the President to be temporarily
assumed by the Company's Chief Executive Officer and Chairman of the Board, Bert
E. Brodsky, pending a presidential search and appointment of a new President.
Projected revenue reductions and recent operating losses combined to cause
management to re-evaluate staffing needs. The elimination of approximately 30
positions from within Sandata and its subsidiaries is expected to generate
between $1.7 million and $2 million dollars in reduced expenses.
Forward Looking Statements - This press release includes forward-looking
statements which involve known and unknown risks and uncertainties or other
factors that may cause actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. When used herein, the
words "may", "could", "estimate", "believes", "anticipates", "thinks", "intends"
"will be", "expects", and similar expressions (or the negative variations
thereof) identify forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date hereof. For a discussion of such risks and uncertainties, including but not
limited to risks relating to developments in and regulation of the health-care
industry, the demand for and pricing of our services, new technology
developments, competitive bidding, acquisitions, litigation, risk and
uncertainties associated with the Internet and Internet-related products, the
Company's ability to expand its operations, the risk of loss of management and
personnel, and other factors which could cause actual results to differ from
those contained in the forward-looking statements, readers are urged to
carefully review and consider various disclosures made by the Company which
attempt to advise interested parties of the factors which affect its business,
including, without limitation, the disclosures made under the captions
"Business" and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's Annual Report on Form 10-KSB for the
most recent ended fiscal year and other Securities and Exchange Commission
filings.
For more information, visit the Company's website at www.Sandata.com.