-----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, UNbYbvAn6cwMUmNVGU2757GsHtoUZl9hAGkH4tBOnB8UJx34upsg7XP75vjw++gB 5A4J9kvpvA68RIgorvhS3Q== 0001019687-08-004080.txt : 20080909 0001019687-08-004080.hdr.sgml : 20080909 20080909125539 ACCESSION NUMBER: 0001019687-08-004080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080905 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080909 DATE AS OF CHANGE: 20080909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Retail Pro, Inc. CENTRAL INDEX KEY: 0000866535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 330896617 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14263 FILM NUMBER: 081062480 BUSINESS ADDRESS: STREET 1: 3252 HOLIDAY COURT #226 CITY: LA JOLLA STATE: CA ZIP: 62037 BUSINESS PHONE: 858-550-3355 MAIL ADDRESS: STREET 1: 3252 HOLIDAY COURT #226 CITY: LA JOLLA STATE: CA ZIP: 62037 FORMER COMPANY: FORMER CONFORMED NAME: ISLAND PACIFIC INC DATE OF NAME CHANGE: 20030716 FORMER COMPANY: FORMER CONFORMED NAME: SVI SOLUTIONS INC DATE OF NAME CHANGE: 20010404 FORMER COMPANY: FORMER CONFORMED NAME: SVI HOLDINGS INC DATE OF NAME CHANGE: 19940207 8-K 1 retailpro_8k-090508.htm RETAIL PRO, INC. retailpro_8k-090508.htm
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): September 5, 2008


RETAIL PRO, INC.
 (Exact name of registrant as specified in its charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-23049
33-0896617
(Commission File Number)
(IRS Employer Identification No.)
 
 
 
 
3252 Holiday Court, Ste. 226, La Jolla, California
92037
(Address of Principal Executive Offices)
(Zip Code)

(858) 550-3355
(Registrant’s telephone number, including area code)
 
 
 (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 September 4, 2008 an action was filed in the United States District Court for the Southern District of California entitled “Securities and Exchange Commission v. Retail Pro Inc., fka Island Pacific Inc.; et al.” (the “Lawsuit”).

On September 5, 2008, Retail Pro, Inc. (the “Company”) settled the Lawsuit which was related to the previously disclosed U.S. Securities and Exchange Commission’s investigation of the Company. The Company settled the Lawsuit by consenting to entry of a permanent injunction in the United States District Court for the Southern District of California against future violations of the anti-fraud, reporting, record-keeping, and internal control provisions of the Securities Exchange Act of 1934 (the “Settlement”).  The Company entered into the Settlement without admitting or denying the allegations, and was not required to pay any civil penalty, fine, or monetary damages as part of the Settlement.
 
The Settlement resolves the SEC investigation into the Company’s financial condition, results of operations, accounting policies and procedures, internal controls, and internal revenue recognition investigation relating to the timing of revenue recognition for certain transactions during the fiscal years ended March 31, 2003, 2004 and 2005.
 

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 hereto duly authorized.
 
  Retail Pro, Inc.  
       
Date: September 8, 2008
By:
/s/ Donald S. Radcliffe  
    Name: Donald S. Radcliffe  
    Title: Chief Executive Officer  
       
 
 
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