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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (date of earliest event reported): June 30, 1997
ZERO CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-5260 95-1718077
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
444 South Flower Street, Los Angeles, California 90071-2992
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213) 629-7000
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ITEM 5. Other Events.
On June 30, 1997 the Company announced the execution on June 27, 1997 of
an Option Agreement for the sale of its property located in Burbank,
California. A copy of the press release is attached to this report as an
exhibit and is incorporated herein by reference.
ITEM 7. Exhibits.
Press release dated June 30, 1997 announcing the execution of an Option
Agreement for the sale of property. Exhibit 99.1
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SIGNATURE
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.
ZERO CORPORATION
Dated: June 30, 1997 By: /S/ ANITA J. CUTCHALL
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Anita J. Cutchall
Vice President-Legal and
Corporate Secretary
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ZERO CORPORATION SELLS OPTION ON BURBANK PLANT SITE TO NATIONALLY PROMINENT
FORD DEALER
LOS ANGELES, California (June 30, 1997)--ZERO Corporation (NYSE/PSE:ZRO)
today announced that it entered into an Option Agreement on June 27, 1997,
with Herbert F. Boeckmann, II, owner of Galpin Ford (the largest retail
volume Ford dealership in the United States) for the sale of its former
manufacturing site in Burbank, California. Since 1991, portions of the
property have been rented on short-term bases.
The Option Agreement provides for an initial option period of 90 days
with a 30-day extension. There is no assurance that the option will be
exercised. If the option is exercised, the property will be sold for $12.75
million resulting in a gain of approximately $9 million before applicable
income taxes.
ZERO Corporation's primary business in protecting electronics, where it
serves the systems packaging, thermal management and engineered case
requirements of the telecommunications, instrumentation and data processing
markets. ZERO also serves the air cargo industry and produces the famous line
of ZERO Halliburton(R) cases for consumers worldwide. More information on ZERO
is available at its home page at www.zerocorp.com.
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