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): November 5, 2004
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Pre-Paid Legal Services, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Oklahoma
(State or Other Jurisdiction of Incorporation)
1-9293 73-1016728
(Commission File Number) (IRS Employer Identification No.)
One Pre-Paid Way
Ada, OK 74820
(Address of Principal Executive Offices) (Zip Code)
(580) 436-1234
(Registrant's Telephone Number, Including Area Code)
(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 t o 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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
The Company has cured its previously reported noncompliance with the NYSE's
Corporate Governance Rules by electing a new director (as described below) who
is qualified to serve as the third independent director of the Company's Audit
Committee. The required interim affirmation is being provided by the Company to
the NYSE.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On November 5, 2004, the Board of the Company elected Orland Aldridge as a
director and a member of the Audit Committee of the Board. Mr. Aldridge's term
as a director will expire at the annual meeting of shareholders in 2007 or until
his successor is elected and has qualified. Mr. Aldridge, age 66, is a retired
professor of Mathematics and has been and remains an independent insurance agent
band he has also served on the Board of Directors of the Company's wholly-owned
subsidiary, Pre-Paid Legal Casualty, Inc. since 1993.
Item 9.01 Financial Statements and Exhibits
The following exhibits are included with this report:
Exhibit No. Description
99.1 Company Press Release dated November 11, 2004
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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Randy Harp, Chief Operating Officer
Date: November 11, 2004
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Company Press Release dated November 11, 2004
For Immediate Release Company Steve Williamson
Wednesday, November 11, 2004 Contact: (580) 436-1234
PRE-PAID LEGAL SERVICES, INC. ANNOUNCES
ELECTION OF NEW BOARD MEMBER
ADA, OK, November 11, 2004 - Pre-Paid Legal Services, Inc. (NYSE:PPD),
today announced that Orland G. Aldridge has been elected to the Company's Board
of Directors and as a member of the Board's Audit Committee effective November
5, 2004. Mr. Aldridge retired as a professor of Mathematics from Northeastern
Oklahoma A & M College in Miami, Oklahoma and has been and remains an
independent insurance agent.
About Pre-Paid Legal Services, Inc.
Pre-Paid Legal Services, Inc. develops, underwrites and markets legal
service plans across North America. The plans provide for legal service
benefits, including unlimited attorney consultation, letter writing, document
preparation and review, will preparation, traffic violation defense,
automobile-related criminal charges defense and a general trial defense. More
information can be located at the Company's homepage on the worldwide web at
http://www.prepaidlegal.com/.