-----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, HVRKWhh/aZbMCJXM33psGvkWRlqB/upWaI9OrPj8hlm+HNbRB/piFLJIvCn0WOK9 3RTcHJraEboHy1iv5STsUg== 0000950115-96-001808.txt : 19961223 0000950115-96-001808.hdr.sgml : 19961223 ACCESSION NUMBER: 0000950115-96-001808 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961218 ITEM INFORMATION: Other events FILED AS OF DATE: 19961220 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAGE INC CENTRAL INDEX KEY: 0000002186 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] IRS NUMBER: 042225121 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07336 FILM NUMBER: 96684336 BUSINESS ADDRESS: STREET 1: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 BUSINESS PHONE: 2154303900 MAIL ADDRESS: STREET 1: 625 WILLOWBROOK LANE STREET 2: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 8-K 1 CURRENT REPORT 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, 1996 ----------------- Adage, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 33-31797 04-2225121 ------------ -------- ---------- 400 Willowbrook Lane, West Chester, Pa 19382 -------------------------------------------- Registrant's telephone number, including area code 610-430-3900 ------------ -------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 5 -- OTHER EVENTS THE REGISTRANT ISSUED A PRESS RELEASE DATED DECEMBER 18, 1996 ANNOUNCING THE COMPANY'S BUSINESS STRATEGY AND UPDATED STATUS OF ITS IMPLEMENTATION. THE PRESS RELEASE IS APPENDED AS EXHIBIT 1. Pursuant to the requirements of securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADAGE, INC. /s/ Robert T. Holland ------------------------------ Robert T. Holland Vice President - Finance Date: December 18, 1996 EX-99.1 2 PRESS RELEASE Summary: Adage, Inc. (NASDAQ:ADGE) Annual Stockholders' Meeting outlined Company's business strategy and updated status of its implementation Company Contact: Donald F.U. Goebert Chairman & President Adage, Inc. (610) 430-3900 FOR IMMEDIATE RELEASE: WEST CHESTER, PA, DECEMBER 18, 1996 ... ADAGE, INC. (NASDAQ:ADGE). At the conclusion of its Annual Stockholders' Meeting, Mr. Donald Goebert, President of Adage, Inc. outlined the Company's business strategy and updated the status of its implementation. "For the last few years our strategy has been to reposition Adage's asset base so as to allow the Company to exploit opportunities in the wireless communication business", reported Mr. Goebert. "Our implementation of this strategy has already produced strong results. We have grown RELM Communications, our wireless communications subsidiary, to where it now has annualized sales approaching $50 million, and is the most substantial source of profits for the Company." "One indication of the success of this strategy is RELM's recent award of a contract for approximately $40,000,000 from the U.S. Army for wireless communications equipment. RELM also recently announced the introduction of a new line of multi-band programmable radio scanners, which marks its return to the scanner segment after a ten-year hiatus. The Company plans to expand its already strong international sales and has recently added an experienced sales person to service this area." "Adage continues to reposition its asset base to support these successes. RELM has recently hired a Chief Scientist, who will help to focus its research and development activities. The Company plans to begin construction on a 30,000 square foot addition to its Melbourne, Florida facility, which will allow further expansion of its business. On January 1, 1997 the Company is implementing a new state-of-the-art integrated information system for RELM which will link on a real-time basis all aspects of the Company." "We intend to continue our asset repositioning strategy, and are exploring a variety of opportunities to identify those which are potentially viable. We plan to carry out this repositioning so as to ensure that it benefits our employees, our customers and our shareholders." Adage, Inc. is a producer of wireless communications equipment and electronics products and also has interests in paperboard manufacturing. -----END PRIVACY-ENHANCED MESSAGE-----