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 14, 2006
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 2.02. 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 March 14, 2006, the Company issued a press release announcing its
financial results for its fourth quarter and year ended December 31, 2005. 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 from continuing
operations and provides a reconciliation of EBITDA from continuing operations to
Income (loss) from continuing operations 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 from continuing operations, 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
Income (loss) from continuing operations 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 from continuing operations, as defined above, may
not be comparable to similarly titled measures reported by other companies.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
99.1 Press Release dated March 14, 2006 announcing financial
results for the fourth quarter and year ended ended
December 31, 2005.
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: March 14, 2006 By: /s/ Joel L. Hoffner
------------------------------------
Joel L. Hoffner
President and CEO
Exhibit Index
Exhibit Number Description
99.1 Press Release dated March 14, 2006 announcing financial
results for the fourth quarter and year ended
December 31, 2005.