-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ToBxVM8zWL0sANMYPlN3wD5hS6ZJKCy39UHQsC8wjAUS5znXTsNkSRY008d1ByB+ 1+uy1jKMWs7lj/H8u9Q2HQ== 0000910680-10-000020.txt : 20100115 0000910680-10-000020.hdr.sgml : 20100115 20100115172634 ACCESSION NUMBER: 0000910680-10-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100115 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100115 DATE AS OF CHANGE: 20100115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES, INC. CENTRAL INDEX KEY: 0000103872 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 135658129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1101 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 10531332 BUSINESS ADDRESS: STREET 1: 560 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-2928 BUSINESS PHONE: 2127042400 MAIL ADDRESS: STREET 1: 560 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-2928 FORMER COMPANY: FORMER CONFORMED NAME: VOLT INFORMATION SCIENCES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOLT TECHNICAL CORP DATE OF NAME CHANGE: 19680913 8-K 1 f8k01152010.htm FORM 8-K

UNITED STATES

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): January 15, 2010

 

VOLT INFORMATION SCIENCES, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

New York

 

001-9232

 

13-5658129

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer Identification No.)

 

 

1600 Stewart Avenue, Westbury, New York

 

11590

(Address of Principal Executive Offices)

 

(Zip Code)

 

(516) 228-6700

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 8.01

Other Events.

 

On January 15, 2010, Volt Information Sciences, Inc. (the “Company”), issued a press release announcing that it had filed a Notification with the Securities and Exchange Commission that the Company’s Annual Report on Form 10-K for the year ended November 1, 2009 will not be able to be filed before its January 15, 2010 due date, nor will it be able to be filed by February 1, 2010, the extended due date of the report. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

 

(d)

Exhibits

 

 

 

 

99.1

The Company's press release dated January 15, 2010.

 

 

 

 

 

S I G N A T U R E S

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VOLT INFORMATION SCIENCES, INC.
    
    

Date:

January 15, 2010

By: 

/s/ Jack Egan

 

 

 

Jack Egan, Senior Vice President
   and Chief Financial Officer

 

 


 

EXHIBIT INDEX

 

 

Exhibit Number

Description

 

 

99.1

The Company's press release dated January 15, 2010.

 

 

 

 

 

 

EX-35 2 ex99-1_f8k01152010.htm EXHIBIT 99.1

Exhibit 99.1

VOLT INFORMATION SCIENCES

ANNOUNCES NOTIFICATION

OF LATE FILING OF 2009 10-K REPORT

 

New York, New York, January 15, 2010 – Volt Information Sciences, Inc. (NYSE: VOL) today updated the information provided in its previous press releases, most recently December 23, 2009, concerning its review of whether certain revenues and associated costs under certain customer contracts, recognized during fiscal years 2002 through 2008 and the first two quarters of fiscal 2009 by its Computer Systems segment, should be recognized in periods other than the periods in which they were recognized. The Company has also previously announced that it has identified errors in the application of accounting literature to revenue recognition for certain of these multi-year customer arrangements for telephone systems with multiple deliverables, some of which included customized software, and that it will restate its financial statements as at and for its fiscal years ended October 28, 2007 and November 2, 2008. The Company has not determined whether any restatements of other periods prior to fiscal 2007 will be required because it is uncertain whether there will be a material impact of the revised revenue recognition on those prior periods.

 

As a result, the Company has filed a Notification with the Securities and Exchange Commission that the Company’s Annual Report on Form 10-K for the year ended November 1, 2009 will not be able to be filed before its January 15, 2010 due date, nor will it be able to be filed by February 1, 2010, the extended due date of the report. The Company and its advisors are working expeditiously to complete the restatement process and make the related filings, but the Company, at this time, is unable to determine when it will file the report.

 

Additional information regarding the Company's extension request can be found in the Form 12b-25, which may be viewed on the SEC's website, http://www.sec.gov.

 

About Volt Information Sciences, Inc. Volt Information Sciences, Inc. is a leading provider of global infrastructure solutions in technology, information services and staffing acquisition for its FORTUNE 100 customer base. Operating through an international network of servicing locations, the staffing segment fulfills IT, engineering, administrative, and industrial workforce requirements of its customers, for both professional search and temporary/contingent personnel as well as managed services programs and Recruitment Process Outsourcing (RPO) services. Technology infrastructure services include telecommunications engineering, construction, and installation; central office services; and IT managed services and maintenance. Information-based services are primarily directory assistance, operator services, database management, and directory printing. Visit www.volt.com.

This press release contains forward-looking statements which are subject to a number of known and unknown risks, including general economic, competitive and other business conditions, the degree and timing of customer utilization and rate of renewals of contracts with the Company, that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Information concerning these and other factors that could cause actual results to differ materially from those in the forward- looking statements is contained in Company reports filed with the Securities and Exchange Commission.

Contact:

Ron Kochman

Volt Information Sciences

voltinvest@volt.com

 

 

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