UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
July 24, 2003
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Date of Report (Date of earliest event reported)
Presstek, Inc.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-17541 02-0415170
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or Organization) Identification No.)
55 Executive Drive
Hudson, New Hampshire 03051-4903
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(Address of Principal Executive Offices)
(603) 595-7000
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Registrant's telephone number, including area code
-2-
ITEM 9. REGULATION FD DISCLOSURE.
The information contained in this Item 9 is being furnished pursuant to
Item 9, "Regulation FD Disclosure" and Item 12, "Results of Operations and
Financial Condition" of Form 8-K in accordance with SEC Release Nos. 33-8216 and
34-47583.
The information contained herein, including the exhibits attached and
incorporated herein by reference, is being furnished and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that Section and shall not
be incorporated by reference into any registration statement or other document
filed pursuant to the Securities Act of 1933, except as otherwise expressly
stated in such filing.
Attached as Exhibit 99.1 and incorporated herein by reference is a copy
of the press release of Presstek, Inc. ("Presstek"), dated July 24, 2003,
reporting the Company's financial results for the fiscal quarter ended June 28,
2003 (the "Press Release").
Use of Non-GAAP Financial Information
To supplement the financial measures presented in the Press Release in
accordance with accounting principles generally accepted in the United States
("GAAP"), Presstek also presents non-GAAP measures of net income and earnings
per share, which are adjusted from results based on GAAP to exclude special
charges related to Presstek's workforce reduction which was announced in April
2003.
Presstek believes these non-GAAP financial measures enhance the
reader's overall understanding of Presstek's current financial performance and
Presstek's prospects for the future. Additionally, Presstek uses these non-GAAP
financial measures for the general purpose of analyzing and managing its
business. Specifically, Presstek believes these non-GAAP financial measures
provide useful information to both management and investors by excluding certain
charges that Presstek believes are not indicative of its core operating results.
In addition, Presstek believes that the investment community has historically
used its non-GAAP financial results to evaluate its financial performance, and
Presstek has historically reported both GAAP and non-GAAP results to the
investment community. The presentation of this additional information is not
meant to be considered superior to, in isolation from or as a substitute for
results prepared in accordance with GAAP.
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.
PRESSTEK, INC.
Date: July 24, 2003 By: /s/ Edward J. Marino
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Edward J. Marino
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release issued by Presstek, Inc., dated July 24, 2003.