1
U.S. 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): February 28, 2001
NAPCO SECURITY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-10004 11-2277818
(State of other jurisdiction (Commission (I.R.S.
of incorporation File Number) Employer
Identification No.)
333 BAYVIEW AVE.
AMITYVILLE, NY 11701
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (631) 842-9400
NOT APPLICABLE
(Former name or former address, if changed since last report.)
2
ITEM 5. OTHER EVENTS.
New Directors
On February 28, 2001, the Board of Directors of Napco Security Systems,
Inc. (the "Company") expanded the Board of Directors to six (6) directors and
elected Arnold Blumenthal and Donna A. Soloway to be directors.
Arnold Blumenthal (74) joined PTN Publishing in 1969 as Editor for
Photo Trade News and Photographic Processing. In 1971, he assisted in founding
Security Industry and Product News (later renamed Security Dealer) and became
Associate Publisher. Mr. Blumenthal has served as Group Publisher for SECURITY
DEALER, SECURITY TECH & DESIGN, LOCKSMITH LEDGER and ADVANCED IMAGING. During
his tenure at PTN Publishing (now Cygnus Publishing) he has also been Publisher
of LAW ENFORCEMENT TECHNOLOGY, ECON and MAINTENANCE SUPPLIES. For more than the
past five years, Mr. Blumenthal has been Group Publisher of SECURITY DEALER
magazine at Cygnus Business Media, Inc.
Donna A. Soloway (52) has held positions and received awards as
follows: Accessory and Sportswear Buyer, Abraham & Straus, Accessory and
Sportswear Buyer, Almart Stores, President and CEO of Le Knack Boutiques, Ltd;
Board of Directors of Auxiliary of NYU Medical Center since 1987 and President
1996 - 1999, Board of Trustees NYU Medical Center 1969 - 1999; Board of
Directors for Metropolitan Burglar and Fire Alarm Association 1991 - 1995,
Executive Board 1992 - 1995; Vice President, Secretary and Treasurer; Board of
Directors Security Industry Association (SIA) 1992- 1994; Chair of Awards
Committee since 1993; winner of SIA President's Award 2000; Director and
Secretary of SAINTS (Safety, Awareness and Independence Now Through Security)
Foundation, Inc.; published over 100 articles for various security industry
publications and newsletters since 1991; and monthly columnist for SECURITY
DEALER magazine called "On the Security Scene" since 1992. Ms. Soloway is the
wife of Richard Soloway, the Chairman and President of the Company.
This Current Report on Form 8-K contains forward-looking statements
that involve risks and uncertainties. Actual results may differ from the results
discussed in the forward-looking statements due to many factors including,
without limitation, the unanticipated loss of business from major customers
and/or additional business from existing or new customers.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable.
2
3
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS.
Exhibit 99.1 Press Release of NAPCO SECURITY SYSTEMS, INC.
dated March 7, 2000.
3
4
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.
NAPCO SECURITY SYSTEMS, INC.
Date: March 7, 2001 By: /S/RICHARD SOLOWAY
------------------------------------------
Richard Soloway
Chairman, President and Chief Executive Officer
4