Unassociated Document
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): March 10, 2010
I.D.
SYSTEMS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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001-15087
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22-3270799
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(State
or Other
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(Commission
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(IRS
Employer
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Jurisdiction
of
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File
Number)
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Identification
No.)
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Incorporation)
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One University Plaza, Hackensack, New
Jersey
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07601
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (201)
996-9000
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 (see General
Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.02. Results of Operations and Financial Condition.
On March 10, 2010, I.D. Systems, Inc.
(the “Registrant”) issued a press release regarding results for the fourth
quarter and year ended December 31, 2009. A copy of the press release
is being furnished as Exhibit 99.1 to this Current Report on Form
8-K.
The information in this report is being
furnished pursuant to Item 2.02 of Form 8-K, insofar as it discloses historical
information regarding the Registrant’s results of operations and financial
condition as of, and for, the fourth quarter and year ended December 31,
2009. In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K, including Exhibit 99.1, shall
not be deemed “filed” for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liability of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as may be expressly set forth by
specific reference in such a filing.
Forward-Looking
Statements
This Current Report on Form 8-K,
including Exhibit 99.1 furnished herewith, contains forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements typically are identified by use of terms such as “may,” “will,”
“should,” “plan,” “expect,” “anticipate,” “estimate” and similar words, and the
opposites of such words, although some forward-looking statements are expressed
differently. Forward-looking statements involve known and unknown
risks and uncertainties that exist in the Registrant’s operations and business
environment, which may be beyond the Registrant’s control, and which may cause
actual results, performance or achievements to be materially different from
future results, performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
statements. For example, forward-looking statements include, without
limitation: statements regarding prospects for additional customers;
market forecasts; projections of earnings, revenues, synergies, accretion or
other financial information; and plans, strategies and objectives of management
for future operations, including integration plans in connection with
acquisitions. The risks and uncertainties referred to above include,
but are not limited to, future economic and business conditions, the loss of key
customers or reduction in the purchase of products by any such customers, the
failure of the market for the Registrant’s products to continue to develop, the
possibility that the Registrant may not be able to integrate successfully the
business, operations and employees of acquired businesses, the inability to
protect the Registrant’s intellectual property, the inability to manage growth,
the effects of competition from a variety of local, regional, national and other
providers of wireless solutions, and other risks detailed from time to time in
the Registrant’s filings with the Securities and Exchange Commission, including
its Annual Report on Form 10-K for the year ended December 31,
2008. These risks could cause actual results to differ materially
from those expressed in any forward-looking statements made by, or on behalf of,
the Registrant. Forward-looking statements represent the judgment of
management of the Registrant regarding future events. Although the
Registrant believes that the expectations reflected in such forward-looking
statements are reasonable at the time that they are made, the Registrant can
give no assurance that such expectations will prove to be
correct. The Registrant assumes no obligation to update any
forward-looking statements, and expressly disclaims any obligation to do so,
whether as a result of new information, future events or otherwise.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
As
described above, the following exhibit is furnished as part of this Current
Report on Form 8-K:
Exhibit 99.1 – Press release, dated
March 10, 2010.
SIGNATURE
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.
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I.D.
SYSTEMS, INC.
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By:
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/s/ Ned Mavrommatis
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Name: Ned
Mavrommatis
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Title: Chief
Financial Officer
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Date: March
10, 2010
EXHIBIT
INDEX
Exhibit
Number
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Description
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99.1
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Press
release, dated March 10, 2010.
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