-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AtaAvzTc364U6/42OdRCHTGhzldYKEAWfnofbKOPZDt3Ofz8gi/0OSyHujW/WaSb FUal32evJobYG3ZbmqAEhw== 0000020232-05-000019.txt : 20050328 0000020232-05-000019.hdr.sgml : 20050328 20050328163326 ACCESSION NUMBER: 0000020232-05-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050328 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050328 DATE AS OF CHANGE: 20050328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHYRON CORP CENTRAL INDEX KEY: 0000020232 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 112117385 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05110 FILM NUMBER: 05706966 BUSINESS ADDRESS: STREET 1: 5 HUB DR CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 5168452000 MAIL ADDRESS: STREET 1: 5 HUB DRIVE CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER EXCHANGE INC DATE OF NAME CHANGE: 19760114 8-K 1 k8mar28051.htm UNITED STATES

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): March 23, 2005

 

CHYRON CORPORATION

(Exact Name of Registrant as Specified in its Charter)

New York

1-9014

11-2117385

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

5 Hub Drive

 

Melville, New York

11747

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code: (631) 845-2000

________________

 

 

Item 7.01 Regulation FD Disclosure

On March 23, 2005, Michael Wellesley-Wesley, the Registrant's President and Chief Executive Officer, sent an email reply to a shareholder, which email contained certain information regarding the performance of the Registrant. A copy of that e-mail is attached as Exhibit 99.1 hereto. The Registrant assumes no obligation to update the information contained in the email in the future.

Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein are deemed to have been furnished and shall not be deemed to be filed under the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

 
   

Exhibit 99.1

E-mail to shareholder dated March 23, 2005

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding certain of Registrant's goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate, as well as other measures of performance. These statements are based on the current belief of Registrant's President and Chief Executive Officer and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant's control).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

CHYRON CORPORATION

 

By:

/s/ Jerry Kieliszak

 

Name:

Jerry Kieliszak

 

Title:

Senior Vice President and

   

Chief Financial Officer

Exhibit No.

Description

   

99.1

E-mail to shareholder dated March 23, 2005.

   

Date: March 28, 2005

EX-99.1 2 ex991.htm Exhibit 99

Exhibit 99.1

To: [Shareholder]

From: Michael W. Wesley/CHYRON

Date: 03/23/2005 09:18AM

cc: <boardgroup@chyron.com>

Subject: Re: Shareholder Correspondence

Dear [Shareholder]

Thank you for your email. I apologize for not replying sooner but I never received your earlier email and would be grateful to learn which email address you used here at Chyron.

You will have seen our 2004 earnings release earlier this month and we will file our 10K on 31st March. For obvious reasons I cant go into detail about current trading conditions although I will say that we've set ourselves some pretty aggressive growth targets for 2005 and thus far we appear to be on plan. We have excellent products that are helping us gain market share from our competitors and I am very encouraged by the progress being made by our newly launched ChyTV unit. If you haven't already seen it please visit www.chytv.com and learn more about our plans for the digital signage space.

As to your remarks regarding our stock price I share your frustration. Things are improving markedly in terms of the Company's operating performance but the share price drifts in the low 40 cents area. For the price to rise we need to attract some new buyers and in truth it is only fairly recently that we have had a story worth telling! Assuming we do Ok in Q1 I think the time has come to begin an IR program that gets the Chyron turnaround story out there so I will be recommending to my Board that we begin to spend some money in this area in Q2 2005. Hopefully that will attract some buying interest and move the stock price to a level that is more reflective of the turnaround we have achieved.

The bulletin board is clearly an unattractive place to be and we have a plan to achieve a listing on a more respectable liquid exchange sooner rather than later. You have clearly been very patient and supportive stockholders. I suggest it makes sense to hang in there a while longer. Good things are going on and at some point the stock price will reflect the improvement in fundamentals.

Best regards,

Michael WW

CEO

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