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) :
November 17, 1997 (November 6, 1997)
---------------------------------------------------------------
Advanced Communication Systems, Inc.
---------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware
---------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-22737 54-1421222
- ------------------------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
10089 Lee Highway, Fairfax, Virginia 22030
- ------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(703) 934-8130
------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events.
On November 6, 1997, Advanced Communication Systems, Inc. (ACS) signed a
definitive agreement to acquire Integrated Systems Control, Inc. (ISC). Under
the terms of the agreement, ACS will acquire all of ISC's outstanding shares in
exchange for 475,000 shares of ACS Common stock. The acquisition is expected to
be finalized within the next 30 days and the agreement is subject to
satisfaction of customary conditions.
ISC provides technical and engineering services to the Department of Defense,
primarily the U.S. Navy, in the areas of communications and information
technology. Headquartered in Virginia Beach, Virginia, ISC has operations in
Virginia Beach, San Diego, Charleston, and the Washington, D.C. area and lends
support services from a number of sites worldwide, including Japan, Bahrain,
Honolulu, Italy, and Guam. Among others, its clients include Space and Naval
Warfare Systems Command and Centers, Defense Information Systems Agency Joint
Interoperability Engineering Office, Naval Air Systems Command, U.S. Coast
Guard, and NATO.
ACS intends to maintain the current organization structure of ISC and retain
ISC's existing management team. Howard F. Sparks, President, and Gale Berry,
Vice-President, will continue in their management positions.
Item 7(c). Exhibits.
99.1 Press Release
News release dated November 6, 1997 announcing the acquisition of Integrated
Systems Control, Inc.
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.
Date: November 17, 1997 ADVANCED COMMUNICATION SYSTEMS, INC.
/S/ Dev Ganesan
-------------------------------------
Dev Ganesan
Chief Financial Officer