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 13, 2007
PARAGON TECHNOLOGIES, INC.
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(Exact name of issuer as specified in charter)
DELAWARE 1-15729 22-1643428
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(State or Other (Commission (I.R.S. Employer
Jurisdiction file Identification
of Incorporation or number) Number)
Organization)
600 KUEBLER ROAD
EASTON, PENNSYLVANIA 18040
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(Address of principal executive offices)
(610) 252-3205
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(Registrant's telephone number, including area code)
Item 2.02. Results of Operations and Financial Condition.
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The information under this caption is furnished by Paragon
Technologies, Inc. (the "Company") in accordance with Securities Exchange
Commission Release No. 33-8216. This information shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
On November 13, 2007, the Company issued a press release announcing its
financial results for its third quarter and nine months ended September 30,
2007. A copy of the press release is filed herewith as Exhibit 99.1 and
incorporated herein by reference.
The press release contains a reference to EBITDA and provides a
reconciliation of EBITDA to Net income on the face of the statements of
operations. EBITDA is used by investors and analysts as an alternative to GAAP
measures when evaluating the Company's performance in comparison to other
companies. In order to fully assess our financial operating results, management
believes that EBITDA is an appropriate measure of evaluating our operating
performance, because it eliminates the effects of financing and accounting
decisions. This measure is also significant to institutional lenders, and is
considered an important internal benchmark of performance by the Company.
EBITDA, which is earnings before interest, taxes, depreciation, and
amortization, is computed by adding back interest expense, income tax expense,
depreciation expense, and amortization expense to Net income as reported.
EBITDA should be considered in addition to, but not as a substitute for, other
measures of financial performance reported in accordance with U.S. generally
accepted accounting principles. EBITDA, as defined above, may not be comparable
to similarly titled measures reported by other companies.
Item 9.01. Financial Statements and Exhibits
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(c) Exhibits
Exhibit Number Description
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99.1 Press Release dated November 13, 2007 announcing financial
results for the third quarter and nine months ended September 30,
2007.
Signatures
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Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
PARAGON TECHNOLOGIES, INC.
Date: November 13, 2007 By: /s/ Leonard S. Yurkovic
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Leonard S. Yurkovic
Acting CEO
Exhibit Index
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Exhibit Number Description
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99.1 Press Release dated November 13, 2007 announcing financial
results for the third quarter and nine months ended September 30,
2007.