UNITED STATES
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 18, 1999
ARMOR HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-18863 59-3392443
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1400 Marsh Landing Parkway
Suite 112
Jacksonville, Florida 32250
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (904) 741-5400
13386 International Parkway
Jacksonville, FL 32218
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On October 18, 1999, the Board of Directors of Armor Holdings, Inc. (the
"Company") approved a stock repurchase program pursuant to which the Company is
authorized, depending upon market conditions and other factors, to repurchase up
to a maximum of 10% of its Common Stock in the open market, in privately
negotiated transactions or otherwise. Such repurchases will be made in
accordance with applicable rules and regulations, and may be discontinued at any
time. The new repurchase program will replace the Company's previous repurchase
program, which was adopted in August 1998, and will be in effect until December
31, 2001. The Company's existing credit facility limits repurchases pursuant to
a stock repurchase program to $10 million. The Company is seeking a waiver from
its banks to comply with its existing credit agreement.
The Company's press release dated October 18, 1999 announcing the stock
repurchase program is filed as Exhibit 99.1 to, and is incorporated by reference
in, this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Number Description
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99.1 Press Release of the Company dated October 18, 1999
2
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.
Armor Holdings, Inc.
By: /s/ Nicholas Winiewicz
Date: October 22, 1999 ----------------------------
----------------- Nicholas Winiewicz
Chief Financial Officer