BIO KEY INTERNATIONAL INC Files SEC form 8-K/A, Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement (i) Effective as of July 2, 2009, BIO-key International, Inc. (the "Company") entered into a Settlement and Mutual Release Agreement (the "Settlement Agreement") with Longview Special Finance, Inc. and Longview Fund, L.P. (collectively, the "Longview Entities") in order to resolve all matters relating to the litigation initiated earlier this year by the Longview Entities against the Company in the United States District Court for the Southern District of New York entitled Longview Special Finance, Inc. and Longview Fund, L.P. v. BIO-key International, Inc. (the "Lawsuit"). The Longview Entities were seeking $2,886,563 in damages and an unspecified amount of interest and attorneys' fees from the Company in the Lawsuit as a result of the Company's alleged improper failure to redeem outstanding shares of the Company's Series B Convertible Preferred Stock and Series C Convertible Preferred Stock held by the Longview Entities (collectively, the "Shares") in accordance with the terms and conditions of such preferred stock. Pursuant to the Settlement Agreement, without admission of any liability or fault, the parties agreed to a payment schedule under which the Company is required to pay a total cash settlement amount of $2,164,922, fifty percent (50%) of which was paid to the Longview Entities on July 7, 2009. The remaining portion of the settlement amount accrued interest at seventeen percent (17%) per annum and was required to be paid in full on or before October 30, 2009. In return, each of the Longview Entities agreed to a full and complete release of the Company from all claims that were or could have been alleged in the Lawsuit and agreed to relinquish all of the Shares upon receiving final payment of the settlement amount. From October 30, 2009 until November 12, 2009, interest on the remaining portion of the settlement amount accrued at twenty percent (20%) per annum. ...
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BIO KEY INTERNATIONAL INC Files SEC form 8-K/A, Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement (i) Effective as of July 2, 2009, BIO-key International, Inc. (the "Company") entered into a Settlement and Mutual Release Agreement (the "Settlement Agreement") with Longview Special Finance, Inc. and Longview Fund, L.P. (collectively, the "Longview Entities") in order to resolve all matters relating to the litigation initiated earlier this year by the Longview Entities against the Company in the United States District Court for the Southern District of New York entitled Longview Special Finance, Inc. and Longview Fund, L.P. v. BIO-key International, Inc. (the "Lawsuit"). The Longview Entities were seeking $2,886,563 in damages and an unspecified amount of interest and attorney's fees from the Company in the Lawsuit as a result of the Company's alleged improper failure to redeem outstanding shares of the Company's Series B Convertible Preferred Stock and Series C Convertible Preferred Stock held by the Longview Entities (collectively, the "Shares") in accordance with the terms and conditions of such preferred stock. Pursuant to the Settlement Agreement, without admission of any liability or fault, the parties agreed to a payment schedule under which the Company is required to pay a total cash settlement amount of $2,164,922, fifty percent (50%) of which was paid to the Longview Entities on July 7, 2009. The remaining portion of the settlement amount accrued interest at seventeen percent (17%) per annum and was required to be paid in full on or before October 30, 2009. In return, each of the Longview Entities agreed to a full and complete release of the Company from all claims that were or could have been alleged in the Lawsuit and agreed to relinquish all of the Shares upon receiving final payment of the settlement amount. From October 30, 2009 until November 12, 2009, interest on the remaining portion of the settlement amount accrued at twenty percent (20%) per annum. O...
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BIO KEY INTERNATIONAL INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for BIO KEY INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BIO KEY INTERNATIONAL INC 13-Nov-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...
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BIO-key(R) Reports Fourth Consecutive Quarter of Operating Profitability

WALL, N.J., Nov. 13 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI - News), a leader in wireless public safety and finger-based biometric identification solutions, today reported results for the third quarter and first nine months ended September 30, 2009. The Company's results reflected operating profitability for each quarter of 2009 and for the full year 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO)As a result of the proposed sale of the Company's Law Enforcement Division, the reported financial results in the Company's September 30, 2009 Form 10-Q are reported on a "Discontinued Operations" basis as defined by Generally Accepted Accounting Principles (GAAP). For clarity and consistency the data presented in this press release includes both operating results on a historic basis and "Discontinued Operations" basis.Third QuarterBefore accounting for "Discontinued Operations", as a result of the pending sale of the company's Law Enforcement Division, revenues from operations for the quarter ended September 30, 2009 was $2.7 million, a revenue decrease of 6.5% from that reported in the third quarter of 2008. Revenue in the third quarter of 2009 was essentially equal, sequentially, to the second quarter of 2009....
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Q3 2009 BIO-key International, Inc. Earnings Release - Before Market Open

Earnings Announcements for Friday, November 13CompanySymbolTimeConferenceCallAbercrombie & Fitch Co.ANFBefore Market OpenListenAbitibiBowater Inc.ABWTQ.PKAfter Market CloseACEA SPAACEJF.PKTime Not SuppliedACOTEL GROUP S.P.AACO.MITime Not SuppliedADAMPAK LIMITED5EZ.SIAfter Market CloseAdams Resources & EnergyAETime Not SuppliedADHEREX TECHNOLOGIES INCADHXF.PKTime Not SuppliedAEDES(SPA LIG LOMB IMPRES E COSTR)AE.MITime Not SuppliedAeroCenturyACYTime Not SuppliedAEROPORTO DI FIRENZE ADF SPAAFI.MITime Not SuppliedAF GRUPPEN ASAAFG.OLTime Not SuppliedAgilent Technologies Inc.ABefore Market OpenListenAGTECH HOLDINGS LIMITEDAGTEF.PKAfter Market CloseAlfacellACEL.PKTime Not SuppliedALGETA ASAGJ9.F02:00 am ETALSTRIA OFFICE REIT-AGAOX.FTime Not SuppliedAMARA HOLDINGS INCA34.SIAfter Mar...
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BIO-key(R) Announces Third Quarter 2009 Earnings Release And Conference Call Schedule

WALL, N.J., Nov. 9 /PRNewswire-USNewswire/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI - News) today announced plans to release third quarter 2009 financial results on Friday, November 13, 2009 before the market opens. In conjunction with the release, BIO-key has scheduled a conference call, which will be broadcast live over the Internet on Friday, November 13, 2009 at 10:00 a.m. Eastern Time. (Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO) What: BIO-key International, Inc. Third Quarter 2009 Conference Call When: Friday, November 13, 2009 - 10:00 a.m. Eastern Time Where: Live via phone by dialing 800-860-2442 and asking for the BIO-key call at least 10 minutes prior to the start time. Or live over the Internet by logging on to the web address below. Where: http://www.bio-key.com A streaming audio replay of the webcast will be available shortly after the call on ...
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BIO KEY INTERNATIONAL INC Files SEC form 8-K, Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (e) In preparation for the Company's impending sale of its Law Enforcement Division and to incentivize employees, officers and directors of the remaining organization, on November 2, 2009, the Board of Directors of BIO-key International, Inc. (the "Company") authorized the Company to (i) cancel all outstanding options to acquire shares of the Company's common stock, $0.0001 par value per share ("Common Stock"), held by officers, directors and employees of the Company and having an exercise price greater than $0.30 per share granted under the Company's 2004 Stock Incentive Plan and grant the holders of such options new options to acquire shares of Common Stock with an exercise price equal to $0.30 per share and covering a proportionately reduced number of shares of Common Stock relative to the existing exercise price, and (ii) offer to the holders of all outstanding options to acquire shares of Common Stock having an exercise price greater than $0.30 granted under the Company's 1999 Stock Option Plan, the Company's 1996 Stock Option Plan, or under stock option agreements not subject to any of the Company's equity incentive plans, the opportunity to cancel such options and receive in exchange therefor new options to acquire shares of Common Stock under the respective plan or under stock option agreements not subject to any of the Company's equity incentive plans, in each case with an exercise price equal to $0.30 per share and covering a proportionately reduced number of shares of Common Stock relative to the existing exercise price. As a result of these actions, the aggregate number of outstanding options to acquire Common Stock has been reduced from approximately 5.5 million to approximately 2.3 million, or approximately 60% of all vested options. The exercise prices of the cancelled options ranged from ...
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BIO-key(R) International Exhibiting at AABB TXPO

WALL, N.J., Oct. 26 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI - News), a leader in finger-based biometric identification software is showcasing donor and patient identity solutions at the AABB TXPO conference being held at the New Orleans Convention Center from October 25-27 2009. BIO-key will provide hands-on product demonstrations of its state-of-the-art identification technology in booth #424. Also, at 5 PM on Monday, October 26, Peter Lux, manager of Blood Collection Associates at the Indiana Blood Center, will be presenting at the conference in the Information Systems & Education track on how the Indiana Blood Center automated its donor identification process using BIO-key fingerprint biometrics. (Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO)Celebrating 60 years of operation in 2007, the AABB is an international association representing individuals and institutions involved in activities related to transfusion and cellular therapies, including transplantation medicine. AABB member facilities are responsible for collecting virtually all of the nation's blood supply and transfusing more than 80 percent of all blood and blood components used in the United States. At the AABB TXPO, AABB offers one of the most extensive and diverse ed...
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BIO-key(R) International to Exhibit at Oracle(R) OpenWorld

WALL, N.J., Oct. 9 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI - News), a leader in finger-based biometric identification and wireless public safety and a member of the Oracle® PartnerNetwork, is showcasing its fingerprint biometric solutions at the Oracle OpenWorld 2009 conference being held at the Moscone Center in San Francisco from October 11-15, 2009. As a charter Member of the Oracle Identity Assurance Partner Alliance, BIO-key will provide hands-on product demonstrations of its state-of-the-art identification technology in booth #2520. (Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO)BIO-key will be showcasing ID Director for Oracle Access Manager along with a variety of healthcare, retail, financial and government deployed identity solutions. With ID Director for Oracle Access Manager, any new or existing application running on an Oracle Identity Management platform requires only the touch of a finger to establish a person's identity. This valuable addition to the Oracle Identity Management suite leverages the superior security and convenience of biometrics while helping to eliminate the costs and headaches associated with replacing tokens or resetting passwords. It can be easily added to the front end of an Oracle Enterprise Sin...
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BIO-key Retains Former Senior FBI Official as Strategic Advisor and Consultant

WALL, N.J., Sept. 14 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI - News), a leader in finger-based biometric identification and wireless public safety solutions, announced today the appointment of Thomas E. Bush, III as Strategic Advisor and Consultant to the company. Tom will play a major role in supporting BIO-key's initiatives to expand its footprint in both the government and commercial markets. (Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO)At the time of his retirement from the U.S. Federal government in March 2009, Mr. Bush served as an Assistant Director of the FBI, heading the Criminal Justice Information Services (CJIS) Division. The CJIS Division is the largest division in the FBI and serves as the focal point for a wide range of federal justice initiatives, including the Integrated Automated Fingerprint Identification System (IAFIS). IAFIS is the US Government's national fingerprint and criminal history system that provides automated fingerprint search capabilities, latent searching capability, electronic image storage, and electronic exchange of fingerprints and responses, 24 hours a day, 365 days a year. IAFIS maintains the largest criminal biometric database in the world, containing the fingerprints for m...
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