pcg8k_may262009.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): May 26, 2009
Commission
File Number 000-03718
PARK
CITY GROUP, INC.
(Exact
name of small business issuer as specified in its charter)
|
Nevada
|
37-1454128
|
|
(State
or other jurisdiction of incorporation or organization)
|
(IRS
Employer Identification
No.)
|
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))
|
Item
2.02
|
Results
of Operations and Financial
Condition.
|
On May
26, 2009, Park City Group, Inc. issued a press release announcing its operating
results for the quarter ended March 31, 2009, and including certain other
remarks relating to operations. A copy of the press release is
attached as Exhibit 99.1.
The press
release contains certain adjusted non-GAAP financial measures, as well as
comparable GAAP financial measures. The Company believes that
providing both GAAP and adjusted non-GAAP measures of its performance will
provide meaningful supplemental information regarding its operational
effectiveness and to enhance investors’ overall understanding of the Company’s
current financial performance and prospects for the future. Management believes
that investors benefit from seeing its results “through the eyes” of management
in addition to the GAAP presentation. It is management’s belief that while
not in accordance with or an alternative for GAAP, the adjusted information
allows for greater transparency to supplemental information used by management
in its financial and operational decision making.
The
adjusted information excludes items, such as amortization of intangible assets,
impairment charges, depreciation, charges to consolidate and integrate recently
acquired businesses and non-cash stock based compensation, and other non-cash
charges that may have a material effect on the Company’s net income and net
income per share in accordance with GAAP. Management monitors these items
to ensure that expenses are in line with expectations and that its GAAP results
are correctly stated, but does not use them to measure the ongoing bottom line
operating performance of the Company. Furthermore, the non-GAAP or adjusted
information provided by the Company may be different from the non-GAAP or
adjusted information provided by other companies.
A reconciliation of the non-GAAP
financial measures to the comparable GAAP financial measure is available on the
Company’s home page at www.parkcitygroup.com by selecting “Reconciliation of
Non-GAAP Financial Measures” under the “Company” tab.
Item
9.01 Financial
Statements and Exhibits.
See
Exhibit Index.
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.
|
Dated: May
27, 2009
|
PARK
CITY GROUP, INC.
|
|
|
|
|
|
By: /s/
John
Merrill
Chief
Financial Officer
|
Exhibit Index
|
|
|
|
|
Exhibit
No.
|
|
Description
|
|
99.1
|
|
Press
Release announcing the Corporation’s operating results for the quarter
ended March 31,
2009.
|