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): October 18, 2002
INTERNATIONAL TOTAL SERVICES, INC.
(Exact Name of Registrant as Specified in Charter)
Ohio 0-23073 34-1264201
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
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Crown Centre
5005 Rockside Road, Suite 1200
Independence, Ohio 44131
(Address of Principal Executive Offices)
(Zip Code)
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216-642-4522
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events
As previously disclosed, on September 13, 2001 International Total
Services, Inc. and six of its wholly-owned subsidiaries
(collectively, the "Company") filed voluntary petitions for
reorganization under Chapter 11 of the Federal Bankruptcy Code in
the United States Bankruptcy Court in the Eastern District of New
York (the "Bankruptcy Court"). On October 18, 2002, the Company
submitted to the Bankruptcy Court its Consolidated Plan of
Liquidation (the "Plan"), a copy of which is attached hereto as
Exhibit 2.1. The Plan is subject to amendment and requires approval
of the Bankruptcy Court prior to implementation. Among other things
and as more fully described therein, the Plan specifies recoveries
for debt holders of the Company and provides for no recovery or
distribution to shareholders of the Company.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
2.1 Debtors' Consolidated Plan of Liquidation,
as filed by the Company in the Bankruptcy
Court on October 18, 2002
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.
INTERNATIONAL TOTAL SERVICES, INC.
Dated: October 21, 2002 By: /s/ Mark D. Thompson
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Mark D. Thompson
President and Chief Executive Officer
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