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 12, 2012
SRA INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| Virginia | 001-31334 | 54-1013306 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 4300 Fair Lakes Court | ||
| Fairfax, Virginia | 22033 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(Registrant’s telephone number, including area code): (703) 803-1500
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 October 12, 2012, SRA International, Inc. (the “Company”), was informed that its recompete for the Federal Deposit Insurance Corporation (“FDIC”) contract was unsuccessful. The contract is funded through December 31, 2012 but the period of transition is uncertain. The FDIC contract represented approximately 9% of revenue in SRA’s fiscal year 2012 and approximately 7% of revenue for the first quarter of SRA’s fiscal year 2013 (the quarter ended September 30, 2012). The impact to operating income for fiscal year 2013 is expected to be in the range of $3.5 to $4 million.
The Company will receive a debrief from the FDIC in order to understand how its proposal was evaluated. The Company will continue to perform all of its contractual obligations. The Company will provide additional information in its normal quarterly call with investors on November 8, 2012 at 9:30 AM.
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 hereunto duly authorized.
| SRA INTERNATIONAL, INC. | ||
| Date: October 16, 2012 | By: | /s/ RICHARD J. NADEAU |
| Richard J. Nadeau Executive Vice President and Chief Financial Officer | ||