-----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, MBn8Ht/jaYvggyl4+nC6e8t5ItT6wqlb9rLUi1mghvJLpIsIvjcyC1+MPxPpvuR4 QWAPStSx7B0OdyEgdUFCYg== 0000912057-95-011539.txt : 19951227 0000912057-95-011539.hdr.sgml : 19951227 ACCESSION NUMBER: 0000912057-95-011539 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951218 ITEM INFORMATION: Other events FILED AS OF DATE: 19951226 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERNITRON CORP CENTRAL INDEX KEY: 0000206030 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 111962029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16182 FILM NUMBER: 95604255 BUSINESS ADDRESS: STREET 1: 645 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125937900 MAIL ADDRESS: STREET 1: 645 MADISON AVENUE STREET 2: 645 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 8-K 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) December 18, 1995 VERNITRON CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 0-16182 11-1962029 (State or other jurisdiction) (Commission) (IRS Employer Identification Number) 645 MADISON AVENUE NEW YORK, NY 10022 (Address of principal executive offices) (Zip Code) (212) 593-7900 Registrant's telephone number, including area code ITEM 5. OTHER EVENTS: Press release, dated December 18, 1995 attached as Exhibit A hereto, is incorporated wherein by reference. SIGNATURES: Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VERNITRON CORPORATION (REGISTRANT) Date: December 22, 1995 By /s/ ELLIOT N. KONOPKO ELLIOT N. KONOPKO VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY EXHIBIT A FOR IMMEDIATE RELEASE CONTACT: Elliot Konopko Vernitron Corporation (212) 593-7900 VERNITRON CORPORATION SIGNS LETTER OF INTENT TO ACQUIRE PRECISION AEROTECH, INC. New York, New York, December 18, 1995 -- Vernitron Corporation (NASDAQ: VRNT; VRNTP) announced today that it has signed a letter of intent to acquire Precision Aerotech, Inc., a leading manufacturer of high performance laser scanners. Precision Aerotech designs, manufactures and markets laser scanners, precision metal optics, high performance air bearings and precision machined parts sold predominantly in commercial markets. For its fiscal year ended April 30, 1995, Precision Aerotech reported sales of approximately $36 million. The acquisition of Precision Aerotech will give Vernitron access to key technologies used in the design and manufacture of high performance laser scanners which will enable it to increase its penetration of the rapidly growing high-end commercial scanning market and broaden its product offerings. Vernitron Corporation designs, manufactures and sells a broad range of motion control, interconnect and specialty ball bearing products for use in high performance control applications. The combination of the two companies will create a vertically integrated manufacturer of high performance laser scanners. Vernitron stated it expects that this unique capability will lead to more rapid product enhancements and introductions and offer customers of high performance laser scanners a superior product. The letter of intent contemplates the payment of $5 per share in cash for each outstanding share of common stock of Precision Aerotech and the repayment of Precision Aerotech's debt. It is expected that the purchase will require approximately $19 million in cash, all of which Vernitron expects will be financed with additional borrowings. Completion of the transaction is subject to the signing of a definitive agreement and the satisfaction of customary conditions, including receipt of all necessary financing by Vernitron. The acquisition is expected to close in the first quarter of 1996. -----END PRIVACY-ENHANCED MESSAGE-----