-----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, NIk6hy1Z2cE41Ph2RUAc0VDCRxf4el3nj3Rc2+zsiY198BXehuxgi65Dg6SXByQ9 AhtGw5a30ubveB7gZXTwDw== 0000950124-98-003420.txt : 19980616 0000950124-98-003420.hdr.sgml : 19980616 ACCESSION NUMBER: 0000950124-98-003420 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980611 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980615 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS SUPERCONDUCTOR CORPORATION CENTRAL INDEX KEY: 0000888693 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 363688459 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22302 FILM NUMBER: 98647883 BUSINESS ADDRESS: STREET 1: 451 KINGSTON CT CITY: MOUNT PROSPECT STATE: IL ZIP: 60056 BUSINESS PHONE: 8473919400 MAIL ADDRESS: STREET 1: 451 KINGSTON COURT CITY: MT PROSPECT STATE: IL ZIP: 60056 8-K 1 CURRENT REPORT 1 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): June 11, 1998 ------------- Illinois Superconductor Corporation ------------------------------------------------- (Exact Name of Registrant as Specified in Charter Delaware 0-22302 36-3688459 - ---------------------------- ------------ ----------------- (State or Other Jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 451 Kingston Court, Mount Prospect, Illinois 60056 -------------------------------------------- ---------- (Address of Principal Executive Offices (Zip Code) Registrant's telephone number, including area code (847) 391-9400 -------------- 2 ITEM 5. OTHER EVENTS. On June 11, 1998, the Registrant issued the press release attached hereto as Exhibit 99.1. The information contained in this press release is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 99.1 Press Release of Registrant dated June 11, 1998. 2 3 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 hereunto duly authorized. Illinois Superconductor Corporation Dated: June 11, 1998 By: /s/ EDWARD W. LAVES ------------------------------------- Edward W. Laves President and Chief Executive Officer 3 4 Exhibit Index ------------- Exhibit # Item - --------- ------------- 99.1 Press Release EX-99.1 2 PRESS RELEASE 1 EXHIBIT 99.1 News/RELEASE Contact: Julie Rand Phone: (312) 751-8878 ILLINOIS SUPERCONDUCTOR ANNOUNCES BOARD AND MANAGEMENT CHANGES; COMPANY ELECTS NEW DIRECTOR Mount Prospect, IL, June 11, 1998/PRNewswire/ -- Illinois Superconductor Corporation (Nasdaq: ISCO), a leading supplier of very high performance filters for the wireless telephony industry, today announced the election of Mark D. Brodsky of Elliott Associates, L.P., to its board of directors. The Company also announced that Edward W. Laves, president and chief executive officer has been elected chairman. Laves replaces Ora E. Smith, who has resigned from both the Company and its board to pursue other interests. The company also announced the resignation of Stephen G. Wasko, Chief Financial Officer, who is also leaving to pursue other interests. Mark D. Brodsky, 44, is a portfolio manager for Elliott Associates, L.P., a private investment fund. Mr. Brodsky received his B.A. and M.A., summa cum laude, from the University of Pennsylvania in 1974 and his J.D., cum laude, from Harvard University in 1977. From 1977 until 1994 he practiced law at two major New York City law firms, and was a partner. His practice included work in corporate finance and acquisitions. Prior to joining Elliott Associates in early 1996, Mr. Brodsky served as an analyst and partner at another private investment fund. Mr. Brodsky is filling one of the two board seats available through nomination by the investors in the company's recent financing. Commenting on the board changes, Ted Laves, president and chief executive officer said, "We are delighted to welcome Mark Brodsky to the company's board of directors. Mark's broad experience in the investment community will significantly strengthen the company's board. Mark's firm was the lead investor in the company's recent financing and we are pleased that he will continue to work closely with the company." Laves said. "I also wanted to take the opportunity to thank Ora Smith and Steve Wasko for their long and meritorious service with the company." Laves said the company is currently conducting a search for a new chief financial officer. 2 Illinois Superconductor Announces Management Changes ADD -2- Illinois Superconductor Corporation is a leader in the commercialization of high temperature superconducting technology for the wireless telephony industry. The Company develops, manufactures and markets radio frequency (RF) products that enhance the quality and capacity of cellular telephone, personal communications services (PCS) and other wireless telecommunications services. More information about Illinois Superconductor is available on the company's internet web site at http://www.ilsc.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----