-----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, Ejm2aKm88dksfcvom5w+Nr/Eh1eECxKyzr1uCfAKCrKt+BIrdkjyNA502w/ciDEc JeDRsse8mr2GvwL9coJj6A== 0000215155-97-000004.txt : 19970526 0000215155-97-000004.hdr.sgml : 19970526 ACCESSION NUMBER: 0000215155-97-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970522 ITEM INFORMATION: Other events FILED AS OF DATE: 19970523 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASTROCOM CORP CENTRAL INDEX KEY: 0000215155 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 410946755 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08482 FILM NUMBER: 97613548 BUSINESS ADDRESS: STREET 1: 2700 SUMMER STREET N E CITY: MINNEAPOLIS STATE: MN ZIP: 55413-2820 BUSINESS PHONE: 6123787800 MAIL ADDRESS: STREET 2: 2700 SUMMER ST NE CITY: MINNEAPOLIS STATE: MN ZIP: 55413 8-K 1 U.S. 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) May 22, 1997 ASTROCOM CORPORATION (Exact name of small business issuer as specified in its charter) COMMISSION FILE NUMBER 0-8482 MINNESOTA 41-0946755 (State or other jurisdiction (I.R.S. Employer Ident. No.) of incorporation or organization) 2700 SUMMER STREET N.E. 55413-2820 MINNEAPOLIS, MINNESOTA (zip code) (Address of principal executive office) (612) 378-7800 (Issuer's telephone number) ITEM 5 OTHER EVENTS On May 22, 1997, registrant issued the following press release through normal channels: "Minneapolis, MN (May 22, 1997) -- Astrocom Corporation announced today that it is investigating possible accounting irregularities relating to its financial statements for the quarter ended March 31, 1997. Yesterday, the Company's former Vice President of Finance advised management that he believes the Company's cash position at March 31, 1997, was overstated by approximately $240,000 and that its inventory and fixed assets were understated by a similar amount. The Company is presently unable to verify the accuracy of these statements. The Vice President of Finance resigned from that position with the Company effective April 25, 1997, and stepped down from all positions with the Company on May 20, 1997. A special committee of the Company's outside directors has been formed to oversee an investigation of the Company's accounting practices and has asked the Company's independent auditors to assist the committee in this matter. The public is cautioned not to rely on the financial statements contained in the Company's Quarterly Report on Form 10-QSB for the period ended March 31, 1997, until any necessary adjustments have been made. Astrocom Corporation develops, manufactures, markets and services electronic devices which address key areas of wide area data, voice and video communication networks. The Company's common stock is traded in the O-T-C market under the symbol ATCC." 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 thereunto duly authorized. Dated: May 23, 1997 ASTROCOM CORPORATION (Registrant) By:S. Albert D. Hanser S. Albert D. Hanser, President -----END PRIVACY-ENHANCED MESSAGE-----