Protection One (MM) (PONE)

What's going on with PONE today? Doesn't look too good.

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Protection One, Inc. provides monitoring and. related security services. ... Protection One Inc. Total Debt for the company currently stands at USD 530.916mm. ... Report issued on 11/28/08

Form 8-K for PROTECTION ONE INC


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7-Apr-2009

Change in Directors or Principal Officers



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 7, 2009, Alex Hocherman was appointed to the Board of Directors of Protection One, Inc. and Protection One Alarm Monitoring, Inc. (together, the "Company") to fill the vacancy created by the resignation of Mr. Rattner on February 23, 2009. Mr. Hocherman is a designee of POI Acquisition, LLC, the Company's largest stockholder and an affiliate of Quadrangle Group LLC (collectively, "Quadrangle"), pursuant to the terms of the Amended and Restated Stockholders Agreement, dated as of April 2, 2007, among the Company and affiliates of Quadrangle and Monarch Alternative Capital LP. For a description of the Company's relationship with Quadrangle, see the Company's Definitive Information Statement on Form 14C, which the Company filed with the Securities and Exchange Commission on April 29, 2008.

On April 1, 2009, Kimberly G. Lessner notified the Company of her resignation as Chief Marketing Officer and Executive Vice President of the Company, effective April 15, 2009. Ms. Lessner resigned to pursue other interests and to spend more time with her family.

NASHVILLE, Tenn., March 19, 2009 (GLOBE NEWSWIRE) -- Protection One, Inc. (NasdaqGM:PONE - News), one of the leading providers of monitored security services to homes and businesses in the United States, announced the expansion of its Nashville office to a new, larger facility at 5211 Linbar Drive.

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From this new location, the local Protection One team can better serve its customer base, including the company's growing commercial and national accounts segment, which is one of the largest in the nation. The larger facility also offers space for customers to view the company's latest security technologies and meet with security consultants and service personnel who handle projects through the life of a customer's relationship with the company. Protection One's implementation of a full-service business model also has created the need for larger facilities to accommodate its growing security consultant staff. The company's local branches around the country work closely with its national support centers, including a dedicated center for commercial and national account clients.

Protection One offers Web-based security; intrusion detection; access control; security cameras; remote video; fire systems; medical response equipment; biometric readers; panic buttons; climate sensors; smoke and carbon monoxide monitoring; and other life safety services. The company also recently launched http://www.ShapeofSecurity.com, dedicated to providing security solutions for everyday business risks, and was the first national provider to offer Web-based management and control of security for homes and businesses through its e-Secure services.

Protection One is one of the largest vertically integrated national providers of sales, installation, monitoring, and maintenance of electronic security systems to homes and businesses and has been recognized as one of ``America's Most Trustworthy Companies' by Forbes.com. Network Multifamily, Protection One's wholly owned subsidiary, is the largest security provider to the multifamily housing market. The company also owns the nation's largest provider of wholesale monitoring services, the combined operations of CMS and Criticom International. For more information about Protection One, visit http://www.ProtectionOne.com.

The Protection One Security logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5546

Contact:
Protection One, Inc.
Media Contact
Robin J. Lampe
785.856.9350
Investor Contact
Darius G. Nevin
785.856.9368

LAWRENCE, Kan., March 13, 2009 (GLOBE NEWSWIRE) -- Protection One, Inc. (NasdaqGM:PONE - News), one of the leading providers of security monitoring services in the United States, today reported financial results for the fourth quarter and year ended December 31, 2008.

Richard Ginsburg, Protection One's president and chief executive officer, said, ``Process improvements launched earlier in 2008 paid off in the fourth quarter in the form of lower costs of monitoring. I am also pleased to report a 3% increase in EBITDA to $28.3 million on a modest increase in revenues during the fourth quarter. For 2009, we are focused on delivering growth in EBITDA and free cash flow. Though we continue to develop our commercial base and market-leading capabilities in our Wholesale segment, we recognize that changes in capital markets have raised investment hurdles for all. With almost 90% of our revenue generated from recurring revenue streams and an improved cost structure, we can afford to be even more disciplined about investing to create new recurring revenue streams. As a result, our customer acquisition costs may be lower in 2009 than in 2008.''