NCI, INC. (NASDAQ:NCIT) Files An 8-K Other Events
Item 8.01. Other Events.

As previously disclosed on January 23, 2017, NCI, Inc., a Delaware corporation (the “Company”), commenced an internal investigation upon discovering that its former controller, Jon Frank, had been embezzling money from the Company.

Following the Company’s filing of a Stipulation to Entry of Preliminary Injunction with the Circuit Court of Fairfax County in the State of Virginia, on February 2, 2017, the Honorable Chief Judge White entered an Order for Preliminary Injunction and Asset Freeze (the “Preliminary Injunction”) against Mr. Frank. Among other things, the Preliminary Injunction placed an immediate freeze on all monies and assets of Mr. Frank and ordered Mr. Frank to prepare and deliver to the Company an accounting of his personal assets. Also, to the Preliminary Injunction, Mr. Frank agreed to cooperate with the Company to identify, recover and return to the Company all assets, which he obtained wrongfully or acquired with wrongfully-obtained funds.

In addition, the Company self-reported Mr. Frank’s embezzling to the U.S. Department of Justice (the “DOJ”) and the U.S. Securities and Exchange Commission (the “SEC”). On February 8, 2017, the SEC commenced a formal investigation and has served the Company with a subpoena requesting relevant documents and information. The Company is cooperating fully with the DOJ and the SEC in connection with their respective investigations.

About NCI, INC. (NASDAQ:NCIT)

NCI, Inc. is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration. The Company helps its clients to navigate the range of cloud, Everything-as-a-Service (EaaS), capacity services and virtualization options available. The Company provides its customers the full lifecycle of cybersecurity services, including policy and planning, compliance, identity and access management, training, education, awareness and enterprise security operations.

NCI, INC. (NASDAQ:NCIT) Recent Trading Information

NCI, INC. (NASDAQ:NCIT) closed its last trading session up +0.10 at 14.40 with 23,662 shares trading hands.