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): May 12, 2004
PARAGON TECHNOLOGIES, INC.
(Exact name of issuer as specified in charter)
DELAWARE 1-15729 22-1643428
(State or Other (Commission (I.R.S. Employer
Jurisdiction file Identification
of Incorporation or number) Number)
Organization)
600 KUEBLER ROAD
EASTON, PENNSYLVANIA 18040
(Address of principal executive offices)
(610) 252-3205
(Registrant's telephone number, including area code)
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
99.1 Press Release dated May 12, 2004 announcing financial results for
the first quarter ended March 31, 2004.
Item 12. Results of Operations and Financial Condition.
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 May 12, 2004, the Company issued a press release announcing its
financial results for its first quarter ended March 31, 2004. 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 earnings on the face of the consolidated
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 earnings as reported.
EBITDA should be considered in addition to, but not as a substitute for, other
measures of financial performance reported in accordance with accounting
principles generally accepted in the United States. EBITDA, as defined above,
may not be comparable to similarly titled measures reported by other companies.
Signatures
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: May 12, 2004 By: /s/ Leonard S. Yurkovic
--------------------------
Leonard S. Yurkovic
President and CEO
Exhibit Index
Exhibit Number Description
99.1 Press Release dated May 12, 2004 announcing financial results for
the first quarter ended March 31, 2004.