parkcitygroup8k091207.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) September 12, 2007
Commission
File Number 000-03718
PARK
CITY GROUP, INC.
(Exact
name of small business issuer as specified in its charter)
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Nevada
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37-1454128
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(State
or other jurisdiction of incorporation or organization)
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(IRS
Employer Identification No.)
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3160
Pinebrook Road; Park City, Utah 84098
(Address
of principal executive offices)
(435)
645-2000
(Registrant's
telephone number)
_____________________________________________
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Section
5 – Corporate Governance and Management
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On,
September 10, 2007, the Registrant appointed John Merrill as Chief Financial
Officer and Treasurer. This position was previously held by William
Dunlavy.
The
following press release announcing this appointment was published September
13,
2007:
Media
Contact:
Jeffrey
Scott
Split
Rock Communications
(408)
884-4017
jeff@splitrockpr.com
Park
City Group Appoints John Merrill as Chief Financial
Officer
Park
City, Utah – September XX, 2007: Park City Group, Inc. (OTCBB:
PCYG), a leading provider of patented inventory and labor optimization software
solutions for retailers, announced today that financial industry veteran
Mr. John Merrill has been promoted to Chief Financial
Officer. Mr. Merrill will report to Chairman and Chief Executive
Officer Randall K. Fields.
Mr.
Merrill will assume responsibilities for all financial reporting, budgeting,
forecasting, regulatory, and treasury functions for Park City Group,
Inc. Mr. Merrill will also assume the role of Treasurer for Park City
Group, Inc. concurrently to his appointment as Chief Financial
Officer.
Mr.
Merrill joined Park City Group in 2006 as its’ Director of Finance, Accounting
& Administration. As a direct result of his involvement, PCG has
seen an increase in both financial and operational efficiencies in the areas
of
cost control, financial management, strategic initiatives that have enhanced
operational decision-making, and implementation of scaled expansion of both
its’
IT and corporate facilities infrastructure.
John
Merrill has over 17 years experience in both the public and private sectors
of
finance and accounting. Prior to joining Park City Group, he was most
recently Chief Financial Officer for Peak Solutions Group a consulting firm
focused on providing tactical business solutions for growth oriented small
business including valuations, compliance, systems integration and process
consulting. From 1998 to 2003, Mr. Merrill was Regional Controller
for Clear Channel Communications, Inc.(NYSE: CCU), a $19 billion publicly traded
broadcasting and outdoor advertising company operating 1,200 radio stations
in
the United States. Prior to joining Clear Channel, Mr. Merrill was the
Controller of the Academies Division of IMG, a $2 billion global leader in
professional athlete management whose clients included Tiger Woods, Venus
Williams, Pete Sampras and Anna Kournikova. Throughout his career,
Mr. Merrill has had significant exposure to various sectors of both sporting
goods retail and service industries. Mr. Merrill began his career
with KPMG and holds a Bachelors and a Masters degree in Accounting from the
University of South Florida.
"As
we continue Park City Group's
transformation, we will continue to
strengthen our focus on day-to-day
operational efficiencies,
cost control, cash flow management, marketplace dominance,
process
control, and future growth opportunities,"
Mr.
Fields said. "I believe this new appointment is the best way to intensify our focus,
under the leadership of one of PCG’s
most experienced and capable financial executives."
In
the past 12 months, Park
City Group has increased its personnel resources by more than 25% by adding
key
employees in data analytics, account management, finance, sales, and product
development in the U.S. and India.
About
Park City Group
Park
City
Group, Inc. develops and markets patented computer software that helps its
retail customers to increase their sales while reducing their inventory and
labor costs: the two largest controllable expenses in the retail industry.
The
technology has its genesis in the operations of Mrs. Fields Cookies, co-founded
by Randy Fields, CEO of Park City Group, Inc. Industry leading customers such
as
The Home Depot, Victoria’s Secret, Pacific Sunwear of California, Anheuser Busch
Entertainment and Tesco Lotus benefit from our software. To find out more about
Park City Group (OTCBB: PCYG) visit our website at www.parkcitygroup.com.
Statements
in this press release that relate to Park City Group’s future plans, objectives,
expectations, performance, events and the like are forward-looking statements.
Future events, risks and uncertainties, individually or in the aggregate, could
cause actual results to differ materially from those expressed or implied in
these statements. Those factors could include changes in economic conditions
that may change demand for the Company’s products and services and other factors
discussed in the “forward-looking information” section and the “risk factor”
section of the management's discussion and analysis included in the Company’s
report on Form 10-KSB/A for the year ended June 30, 2006 filed with the
Securities and Exchange Commission. This release is comprised of interrelated
information that must be interpreted in the context of all of the information
provided and care should be exercised not to consider portions of this release
out of context. Park City Group uses paid services of investor relations
organizations to promote the Company to the investment community. Investments
in
any company should be considered speculative and prior to acquisition, should
be
thoroughly researched. Park City Group does not intend to update these
forward-looking statements prior to announcement of quarterly or annual
results.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
The
following Exhibits are attached hereto:
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Exhibit
10.1
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Employment
Agreement with John Merrill
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SIGNATURES
Pursuant
to the requirements of the Securities Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto
duly
authorized.
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Dated: September
12, 2007
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PARK
CITY GROUP, INC.
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By:
/s/ Randall
Fields
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CEO
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