SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange of 1934
Date of Report July 1, 1999
Integrated Spatial Information Solutions, Inc.
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(Exact name of registrant as specified in its charter)
Colorado 0-14273 84-0868815
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(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
13119 Professional Drive, Suite 200, Jacksonville, FL 32225
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 220-4747
(Former address, if changed since last report)
Item 5, Other Events.
A. Annual Shareholders' Meeting. The Company reports that its Board of
Directors has set a record date as of close of business on July 30, 1999
for those shareholders eligible to vote at the Company's annual
shareholders' meeting to be held at 9:30 AM Mountain Time at the Crystal
Inn, 3300 N. Ouray Street, Aurora, CO 80011in Aurora, Colorado on September
2, 1999.
B. Appointment of New Chairman. The Company reports that on July 2, 1999 the
Board of Directors appointed Gary S. Murray, an outside director, to the
position of Chairman of the Board. The Company further reports that its
Board of Directors has removed Stephen Carreker from the positions of
Chairman of the Board and Chief Executive Officer, effective at the close
of Business on July 1, 1999. The Company distributed a Press Release
concerning the above actions and has included it as an attachment.
C. The Company further reports that on July 2, 1999 it instituted a civil
action against its former Chairman and Chief Executive Officer.
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.
Integrated Spatial Information Solutions, Inc.
(Registrant)
July 13, 1999 /S/ Fred Beisser
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(Signature)
Frederick G. Beisser
Vice President - Finance & Administration,
Secretary, Treasurer and Principal
Accounting Officer
PRESS RELEASE
ISSS Appoints Gary S. Murray as Chairman
JACKSONVILLE, Fla., July 6, 1999 - Integrated Spatial Information Solutions,
Inc. (NASDAQ: ISSS), a spatial information technology integrator, announced
today that its Board of Directors has appointed an outside director, Gary S.
Murray, to the position of Chairman of the Board.
The appointment follows the removal of Stephen Carreker from his position as
ISSS Chairman and Chief Executive Officer effective at the close of business on
July 1, 1999. The Board of Directors took the action reflecting on the Company's
lack of performance, inability to execute its acquisition strategy and to
achieve acceptable levels of earnings.
In accepting the position of Chairman, Mr. Murray stated, "The Board has
affirmed its intention to remain actively engaged in managing the Company and
delivering value to the shareholders. The Board intends that ISSS will run a
fundamentally sound business and successfully execute its vison for ISSS.
Although ISSS failed to gain momentum after the acquisition of PlanGraphics, its
inability to perform should not be considered the trend line. The window of
opportunity is still available to us and we intend to perform."
Murray, who was appointed a director in June of 1998, is the founder and
president of Human Vision LLC, Greenbelt, MD an advisory and investment firm. He
is also a founder and a principal of Timebridge Technologies (Lanham, MD), an e'
commerce firm specializing in database and network services. Murray was founder,
chairman and president of systems integrator Sylvest Management Systems (Lanham,
MD) until its acquisition by Federal Data Corporation in June 1997.
The duties of Chief Executive Officer have been temporarily reassigned to John
Antenucci, President of ISSS who will be acting CEO for the near term.
Integrated Spatial Information Solutions is headquartered in Jacksonville, Fla.
Its operating subsidiary, PlanGraphics, Inc., is based in Frankfort, Ky., and
has regional offices in Colorado, Maryland, California and Arizona.
- End -
POC: Bruce Haun of B. Edward Haun & Co., Financial Communications, 303 595-4667
For release at 4:01 PM Eastern Time, July 6 , 1999