SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 2, 2003
(Date of earliest event reported)
Pre-Paid Legal Services, Inc.
(Exact name of registrant as specified in its charter)
(Commission File No. 1-9293)
Oklahoma 73-1016728
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation)
321 East Main Street
Ada, Oklahoma 74821-0145
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (580) 436-1234
Item 7. Financial Statements and Exhibits
The following exhibits are included with this report:
Exhibit No. Description
99.1 Company Press Release dated October 2, 2003
Item 12. Results of Operation and Financial Condition
On October 2, 2003, Pre-Paid Legal Services, Inc. (the "Company") issued a
press release announcing its membership production and recruiting information
for the three months ended September 30, 2003. A copy of the release is included
as an exhibit to this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PRE-PAID LEGAL SERVICES, INC.
By: /s/ Randy Harp
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Date: October 2, 2003 Randy Harp, Chief Operating Officer
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Company Press Release dated October 2, 2003
For Release 8:30 am Eastern Company Steve Williamson
Thursday, October 2, 2003 Contact: (580) 436-1234
Pre-Paid Legal Services Announces Third Quarter
Production and Recruiting Results and Litigation Development
- - -
Third Quarter 2003 Earnings Release Date Set - Conference Call
and Web Cast Scheduled
ADA, OK, October 2, 2003 - Pre-Paid Legal Services, Inc. (NYSE: PPD)
announced 2003 third quarter membership production and recruiting results and
has scheduled its third quarter 2003 earnings release to be issued after the
close of trading on the New York Stock Exchange on Monday, October 27, 2003.
Production results: Three Months Ended
9/30/2003 9/30/2002
New membership sales.................... 168,356 -14.7% 197,442
New sales associates recruited.......... 22,987 -50.7% 46,653
Active memberships at end of period..... 1,420,860 +2.3% 1,389,467
A conference call is scheduled for Wednesday, October 29, 2003 at 8:30 a.m.
ET to present the quarterly results. The telephone number to access the
quarterly conference call is (913) 981-5533. The Company encourages those who
would like to listen to the presentation to place your call 10-15 minutes prior
to the call. Questions may be submitted prior to the call via email to
investor@pplsi.com.
For those unable to listen to the live quarterly conference call, a replay
will be available for audio playback beginning at 11:30 a.m. ET on October 29,
2003, and will run through 12:00 a.m. ET on Thursday, November 6, 2003. The
number to access the conference call replay is (719) 457-0820; passcode for the
replay is 788959.
The quarterly conference call will also be simulcast live on the Internet
and can be accessed by going directly to the Pre-Paid Legal Services Web site at
www.prepaidlegal.com and selecting "Earnings Calls" under the "Investor
Relations" section. The Web cast of the presentation will be available on the
Web site indefinitely.
The Company announced that on September 23, 2003 the court entered an order
dismissing the class action allegations in a previously reported pending action
in the District Court of Canadian County, Oklahoma (Kotwitz et. al. v. Pre-Paid
Legal Services, Inc) upon the motion of the plaintiffs. The order provides that
the action will proceed only on an individual basis, and that the hearing on
plaintiffs' motion for class certification previously set for February 2004 is
cancelled. The action was originally filed by one plaintiff in June 2001 and now
involves the claims of five individual plaintiffs for injunctive and declaratory
relief, with such other damages as the court deems appropriate, based upon
various aspects of the Company's commission advance arrangements and associate
agreements. Pre-Paid is pleased with this development in this case, and will
continue its vigorous defense against the plaintiffs' claims.
About Pre-Paid Legal Services
Pre-Paid Legal Services develops and markets legal service plans across
North America. The plans provide for legal service benefits, including unlimited
attorney consultation, will preparation, traffic violation defense,
automobile-related criminal charges defense, letter writing, document
preparation and review and a general trial defense benefit. More information can
be located at the Company's homepage on the worldwide web at
http://www.prepaidlegal.com/.
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