-----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, F4DlsZ7w06rYh4i12gymmGpBzTFZJ+cKjPORKRnjOkAZ3Wmjy+BU0rEgffwzqXsm /Zj1B4N5PAuUbi5ZeYhn8g== 0000950168-99-002572.txt : 19991018 0000950168-99-002572.hdr.sgml : 19991018 ACCESSION NUMBER: 0000950168-99-002572 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991004 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLENAYRE TECHNOLOGIES INC CENTRAL INDEX KEY: 0000808918 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 980085742 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-15761 FILM NUMBER: 99723955 BUSINESS ADDRESS: STREET 1: 5935 CARNEGIE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28209 BUSINESS PHONE: 7045530038 FORMER COMPANY: FORMER CONFORMED NAME: N W GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NU WEST GROUP INC DATE OF NAME CHANGE: 19880221 FORMER COMPANY: FORMER CONFORMED NAME: NU WEST GROUP LTD DATE OF NAME CHANGE: 19871126 8-K 1 GLENAYRE TECHNOLOGIES FORM 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) October 4, 1999 --------------- GLENAYRE TECHNOLOGIES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-15761 98-0085742 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
5935 Carnegie Boulevard, Charlotte, North Carolina 28209 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (704) 553-0038 ------------------------------ Not applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Page 1 of 4 Pages ITEM 5. OTHER EVENTS. The Registrant announced on October 4, 1999 that it had signed an agreement for the sale of its microwave radio business which operates under the name of Glenayre Western Multiplex. The Registrant's News Release dated October 4, 1999 is filed herewith as Exhibit 99 to this Report ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 99 Registrant's News Release dated October 4, 1999. 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. GLENAYRE TECHNOLOGIES, INC. By s/ Stanley Ciepcielinski --------------------------------- Stanley Ciepcielinski Executive Vice President Dated: October 6, 1999 Page 2 of 4 Pages SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. EXHIBITS FORM 8-K CURRENT REPORT Date of Report Commission File Number October 4, 1999 0-15761 GLENAYRE TECHNOLOGIES, INC. EXHIBIT INDEX Exhibit No. Exhibit Description - ----------- ------------------- 99 Glenayre Technologies, Inc. News Release dated October 4, 1999 Page 3 of 4 Pages EXHIBIT 99 [GLENAYRE LOGO APPEARS HERE] CORPORATE HEADQUARTERS 5935 Carnegie Boulevard Charlotte, NC 28209 USA tel 704 553 0038 url www.glenayre.com News Release Contact: Janet Cavalier, Glenayre 704 553 0038 David Lilly, Kekst and Company PR for Ripplewood Holdings and Leeward Technology 212 521 4800 GLENAYRE TECHNOLOGIES SIGNS AGREEMENT TO SELL MICROWAVE RADIO BUSINESS CHARLOTTE, N.C, Oct. 4, 1999 --Glenayre Technologies Inc. (Nasdaq: GEMS) announced today that it has signed an agreement for the sale of its microwave radio business to Ripplewood Holding LLC of New York and Leeward Technology Partners of California. Under the agreement, Glenayre will sell the stock of Western Multiplex Corporation to Ripplewood Holdings and Leeward Technology for cash and retention of an approximate five-percent ownership in the microwave radio business. The transaction, anticipated to close during fourth quarter 1999, is subject to certain closing conditions. At closing, Glenayre expects to receive cash of approximately $36 million to $38 million. Eric Doggett, president and chief executive officer of Glenayre, commented, "Completion of the Western Multiplex deal will allow us to better align Glenayre with the most appropriate markets for the company's strategic objectives and provides additional financial resources to accomplish our goals." For over 30 years, Glenayre Technologies Inc. has been developing and providing leading edge personal telecommunication systems, including products for paging and cellular networks. Glenayre products are installed in over 100 countries, Additional information about Glenayre is available at: http://www.glenayre.com. # # # PAGE 4 OF 4 PAGES -----END PRIVACY-ENHANCED MESSAGE-----