0000890566-95-000575.txt : 19950919 0000890566-95-000575.hdr.sgml : 19950919 ACCESSION NUMBER: 0000890566-95-000575 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950918 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950918 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: TECH SYM CORP CENTRAL INDEX KEY: 0000096669 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 741509818 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04371 FILM NUMBER: 95574467 BUSINESS ADDRESS: STREET 1: 10500 WESTOFFICE DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77042-5391 BUSINESS PHONE: 7137857790 MAIL ADDRESS: STREET 1: 10500 WESTOFFICE DRIVE STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77042-5391 FORMER COMPANY: FORMER CONFORMED NAME: WESTEC CORP DATE OF NAME CHANGE: 19700721 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN EQUITIES INC DATE OF NAME CHANGE: 19660921 8-K 1 CURRENT REPORT ON FORM 8-K DATED 09/18/95 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 SEPTEMBER 18, 1995 (DATE OF EARLIEST EVENT REPORTED) TECH-SYM CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NEVADA 74-1509818 (STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.) INCORPORATION) 1-4371 (COMMISSION FILE NUMBER) 10500 WESTOFFICE DRIVE HOUSTON, TEXAS 77042 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (713) 785-7790 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) ITEM 5. OTHER EVENTS THE INFORMATION SET FORTH IN THE PRESS RELEASE OF THE REGISTRANT DATED SEPTEMBER 18, 1995, WHICH IS FILED AS AN EXHIBIT HERETO, IS INCORPORATED HEREBY BY REFERENCE. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. THE FOLLOWING EXHIBITS ARE FILED HEREWITH: 99(A) -- PRESS RELEASE ISSUED BY THE REGISTRANT DATED SEPTEMBER 18, 1995. 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. TECH-SYM CORPORATION (REGISTRANT) BY:/S/RAY F. THOMPSON RAY F. THOMPSON VICE PRESIDENT AND CHIEF FINANCIAL OFFICER DATE: SEPTEMBER 18, 1995 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99(A) PRESS RELEASE BY THE REGISTRANT DATED SEPTEMBER 18, 1995. EX-99.A 2 PRESS RELEASE EXHIBIT 99(a) TECH-SYM CORPORATION 10500 Westoffice Drive, Suite 200 o Houston, Texas 77042-5391 Telephone: 713/785-7790 o Telecopier: 713/780-3542 PRESS RELEASE TECH-SYM UNIT TO ACQUIRE TELEFUNKEN SENDERTECHNIK FOR IMMEDIATE RELEASE, HOUSTON, TEXAS, SEPTEMBER 18, 1995 -- Tech-Sym Corporation (NYSE:TSY) today announced that its Continental Electronics Corporation subsidiary in Dallas, Texas, has agreed to acquire all the outstanding shares of TELEFUNKEN Sendertechnik GmbH from Daimler-Benz Aerospace AG. The transaction is subject to an existing restructuring plan of TELEFUNKEN Sendertechnik GmbH and the performance of other related undertakings of both parties. The acquisition is expected to be completed on December 31, 1995. Financial terms of the agreement were not disclosed. TELEFUNKEN Sendertechnik GmbH is the successor to over 90 years of experience in designing and producing broadcast transmitting equipment. From its facility in Berlin, it has provided equipment primarily to European governments and commercial organizations, the Voice of America, Radio Free Europe, and other governments and organizations worldwide. Wendell W. Gamel, Chairman and President of Tech-Sym, commented, "The markets and products provided by TELEFUNKEN Sendertechnik will more than double our presence in the broadcast industry. Digital Audio Broadcasting (DAB) and High Definition Television are substantial markets of the future in which we plan to be a major participant." Gamel concluded, "The combination of the capabilities and products of Continental Electronics, TELEFUNKEN Sendertechnik, and our Continental-Lensa subsidiary in Santiago, Chile, which we acquired last year, enables us to offer a full range of products for AM, VHF-FM, shortwave, television and DAB applications including transmitters, antennas and accessories along with complete system engineering and turnkey services worldwide." Tech-Sym Corporation is a diversified electronics engineering and manufacturing company primarily involved in the design, development, and production of products used for communications, seismic exploration for hydrocarbons, defense systems, and environmental monitoring. # # # For further information, please contact: Wendell W. Gamel Robert P. Jones/Adam Steinberg Chairman and President Lee Foley - Media Relations Tech-Sym Corporation Morgen-Walke Associates 10500 Westoffice Drive 380 Lexington Avenue, 50th Floor Houston, Texas 77042 New York, NY 10168 (713) 785-7790 (212) 850-5600