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): October 3, 2002
Commission File No. 0-10927
CUMBERLAND TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida 59-3094503
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(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification No.)
4311 West Waters Avenue, Suite 501
Tampa, Florida 33614
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(Address of Principal Executive Office) (Zip code)
(813) 885-2112
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
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Cumberland Technologies, Inc. (Nasdaq OTCBB symbol CUMB) announced today
that it recently transitioned from the Nasdaq SmallCap Market to the Nasdaq
OTC Bulleting Board. Cumberland previously filed with the SEC its form of
Definitive Proxy Statement dated September 6, 2002, for its shareholder
meeting scheduled for October 28, 2002. In light of the recent change in
its listing status, Cumberland has decided to cancel the meeting and will
not mail proxy statements to shareholders at this time.
Cumberland Technologies, Inc. and its subsidiaries provide advanced
software technology to insurance agencies, which focus on the selling and
delivery of surety insurance products to consumers. Through our insurance
subsidiaries, we provide Performance and Payment surety bonds for the
construction industry and Commercial surety bonds to federal and local
government agencies.
Cumberland Technologies, Inc. is headquartered in Tampa, Florida, with
offices in Atlanta, Georgia; Greenville, South Carolina; Dallas, Texas and
Redondo Beach, California.
ITEM 5. OTHER EVENTS (CONTINUED)
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Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected. Such risks and uncertainties include, but are not limited
to, the Company's ability to adequately estimate its liability reserves for
its insurance business; competitive pricing pressures; general business and
economic conditions; and changes in governmental regulations affecting its
insurance business, and risk that the Company's shares will not be listed
on OTC Bulletin Board.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial Statements
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Exhibits
None
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.
CUMBERLAND TECHNOLOGIES, INC.
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Date: October 3, 2002 By: /s/ Carol S. Black
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Carol S. Black
Secretary and Chief Financial Officer
(Principal Accounting and Financial Officer)