UNITED STATES
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 1, 2008
L-1 IDENTITY SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 001-33002 02-08087887
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
177 BROAD STREET, STAMFORD, CONNECTICUT 06901
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 504-1100
NOT APPLICABLE
(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:
[_] 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 8.01. OTHER EVENTS
On May 1, 2008, the Company issued a press release announcing that it has
settled litigation over iris recognition licensing and intellectual property
rights with LG Electronics, Inc. and its wholly owned subsidiary LG Electronics
USA., Inc (LG Electronics, Inc. and LG Electronics USA, Inc., individually and
together, "LGE"). Concurrently with the settlement, LGE entered into an
agreement to license the proprietary 2pi iris recognition software of the
Company's wholly owned subsidiary Iridian Technologies, Inc. ("Iridian") and to
receive certain continuing consultation services from Iridian and the Company.
The press release is attached to this Current Report on Form 8-K as Exhibit
99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
----------- -----------
Exhibit 99.1 Press release dated May 1, 2008, titled "L-1 Identity
Solutions and LG Electronics Resolve Iris Recognition
Licensing and Intellectual Property Dispute"
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 1, 2008
L-1 IDENTITY SOLUTIONS, INC.
By: /s/ Mark S. Molina
----------------------------------
Mark S. Molina
Executive Vice President,
Chief Legal Officer and Secretary
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EXHIBIT INDEX
Exhibit No. Description
----------- -----------
Exhibit 99.1 Press release dated May 1, 2008, titled "L-1 Identity
Solutions and LG Electronics Resolve Iris Recognition
Licensing and Intellectual Property Dispute"
4