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
May 28, 2004
(Date of earliest event reported)
Command Security Corporation
(Exact name of registrant as specified in its charter)
New York 0-18684 14-1626307
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
Lexington Park, Lagrangeville, New York 12540
(Address of principal executive offices) (Zip Code)
(845) 454-3703
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 1-Item 4 Not Applicable.
Item 5 : Other Events. Not Applicable.
Item 6 Not Applicable.
Item 7 Financial Statements and Exhibits.
(a),(b) Not Applicable.
(c) Exhibits
(i) Press release dated May 28, 2004.
Item 8. Not Applicable.
Item 9. Not Applicable.
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.
Date: May 28, 2004 COMMAND SECURITY CORPORATION
By: /s/ William C. Vassell
William C. Vassell
President and Chief Executive Officer
FOR IMMEDIATE RELEASE: CONTACT: William C. Vassell Donald Radcliffe
Chairman & President Radcliffe & Associates
Tel: (845) 454-3703 Tel: (212) 605-0201
COMMAND RESPONDS TO GALLOWAY'S STATEMENTS
Lagrangeville, New York *** May 28, 2004 *** In response to a recent
announcement by the Galloway group concerning its purported acquisition of a
significant interest in Command Security Corporation (OTCBB: CMMD), Gregory
J. Miller, Chairman of the Company's Independent Committee of the Board of
Directors said. "As previously disclosed, there is litigation pending between
Command's President and Chairman of the Board, William C. Vassell, and
Reliance Security Group plc. Mr. Vassell's lawsuit states that the purported
sale to Galloway by Reliance of its interests in Command was in direct
violation of Mr. Vassell's right of first refusal under the Shareholders
Agreement dated September 12, 2000, between Mr. Vassell, Reliance and
Command. In my opinion, until such time as a court rules on Mr. Vassell's
lawsuit, it would be inappropriate for the Company to recognize Galloway's
claim to ownership. Currently, management will remain in control of the
Company's operations. This, I believe, is consistent with the best interests
of all shareholders."
About Command
Command Security Corporation provides security services through company-owned
offices in New York, New Jersey, California, Illinois, Connecticut, Florida,
Massachusetts, Pennsylvania, Maryland and Oregon.
Statements in this press release other than statements of historical fact are
"forward-looking statements." Such statements are subject to certain risks
and uncertainties including the demand for the Company's services,
litigation, labor market, and other risk factors identified from time to time
in the Company's filings with the Securities and Exchange Commission that
could cause actual results to differ materially from any forward looking
statements. These forward-looking statements represent the Company's judgment
as of the date of this release. The Company disclaims, however, any intent or
obligation to update these forward-looking statements. For more information
concerning the Company, please refer to its website at
www.commandsecurity.com and to the Edgar website www.sec.gov/edgar.shtml.