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) June 1, 2005
DATA SYSTEMS & SOFTWARE INC.
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(Exact name of Registrant as Specified in its Charter)
Delaware 0-19771 22-2786081
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(State or Other Jurisdiction (Commission file Numbers) (IRS Employer
of Incorporation) Identification Nos.)
200 Route 17, Mahwah, New Jersey 07430
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (201) 529-2026
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-2 under the Exchange Act (17 CFR
240.14a-2)
[ ] 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))
Section 8 - Other Events
Item 8.01 Other Events.
On June 1, 2005, the Registrant announced that it had entered into an
memorandum of understanding for the sale of the cost-plus consulting business of
its dsIT Technologies Ltd. subsidiary to Taldor Computer Systems (1986) Ltd. The
Registrant's press release announcing the memorandum of understanding is
attached as Exhibit 99.1 hereto.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated June 1, 2005 regarding the memorandum of
understanding for the sale of the cost-plus consulting business
of dsIT Technologies Ltd.
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 on this 1st day of June 2005.
DATA SYSTEMS & SOFTWARE INC.
By: /s/ Yacov Kaufman
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Name: Yacov Kaufman
Title: Vice President and Chief Financial Officer