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): October 17, 2002
VOLT INFORMATION SCIENCES, INC
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(Exact Name of Registrant as Specified in Its Charter)
New York 1-9232 13-5658129
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
560 Lexington Avenue, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 704-2400
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On October 17, 2002, Volt Information Sciences, Inc. (the "Company") issued
a press release to the effect, among other things, that it has received a waiver
of the interest coverage (the ratio of EBIT to interest expense) covenant,
relating to its fiscal year ending November 3, 2002, contained in its
$40,000,000 secured revolving credit facility. All other covenants of the
facility remain in effect. The Company has no borrowings outstanding under this
facility and there are no borrowings anticipated in the fourth quarter of fiscal
2002 or the first quarter of the next fiscal year. The Company also reported
that the credit facility has been assigned a BBB- rating by Fitch IBCA, Duff &
Phelps.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
99.1 Volt Information Sciences, Inc. Press Release dated October
17, 2002.
S I G N A T U R E
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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.
VOLT INFORMATION SCIENCES, INC.
Date: October 23, 2002 By: /s/ James J. Groberg
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James J. Groberg, Senior Vice President
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Volt Information Sciences, Inc. Press Release dated October 17,
2002.