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: June 11, 1999
CHYRON CORPORATION
(Exact Name of Registrant as Specified in Charter)
New York
(State or Other Jurisdiction
of Incorporation)
1-9014
(Commission File Number)
11-2117385
(I.R.S. Employer Identification No.)
5 Hub Drive
Melville, New York
(Address of Principal Executive Offices)
11747
(Zip Code)
Registrant's telephone number, including area code: (516) 845-2000
Item 5. Other Events and Exhibits
Pursuant to Rule 135c promulgated under the Securities Act of
1933, as amended, the Registrant files, under cover of this 8-K, the text
of a public notice released by the Registrant on June 10, 1999. The text of
such notice can be found as an exhibit attached hereto.
Exhibits Description
1 Press Release of the Registrant, dated June 10,
1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
CHYRON CORPORATION
By: /s/ Dawn Johnston
Name: Dawn Johnston
Title: Senior Vice President and
Chief Financial Officer
Date: June 11, 1999
CHYRON CORPORATION ANNOUNCES SENIOR MANAGEMENT CHANGE
MICHAEL I. WELLESLEY-WESLEY NAMED EXECUTIVE CHAIRMAN;
ROGER HENDERSON PROMOTED TO PRESIDENT AND CEO
MELVILLE, NY, June 10 -- Chyron Corporation (NYSE: CHY), a leading innovator
in the development of television graphics and distribution systems, today
named Michael I. Wellesley-Wesley its Executive Chairman and Roger Henderson
its President and Chief Executive Officer, effective immediately.
Wellesley-Wesley had been a Director and non-executive Chairman of Chyron
since June 1997 and had served as Chairman and CEO from June 1995 to June
1997. Henderson, also a Director, was a Chyron Executive Vice President and
Managing Director of Chyron's U.K.-based subsidiary Pro-Bel.
Henderson replaces Edward Grebow, who had served as President and CEO since
joining the company in June 1997. Grebow will leave Chyron on June 30 and
join Sony Electronics Inc., Park Ridge, NJ, as President of its Broadcast
and Professional Company.
"I am pleased to announce Roger Henderson's promotion to CEO," said
Wellesley-Wesley. "His successful tenure as Managing Director of Pro-Bel,
his extensive international experience, as well as his software background
and technical expertise make him ideally suited to lead Chyron into the next
millennium. He is also uniquely qualified to implement Chyron's global
digital strategy and its Internet broadcast and digital video initiatives.
Chyron, under our direction, will continue to actively seek out appropriate
joint ventures and alliances, as well as acquisition opportunities, which
in a convergence marketplace will strengthen Chyron's ability to deliver
digital solutions to our global customers.
"Ed Grebow has shepherded Chyron through an important transition phase in
the company's development and we all wish him well at Sony."
Grebow said he leaves Chyron "with great optimism for its future. The
company is well-positioned to continue its leadership in television
technology as broadcasters convert to digital. Chyron has developed a number
of innovative and successful new digital and HDTV products and built a
strong demand for Pro-Bel products in the U.S."
Henderson said, "The catalytic effect of digital television on the
convergence of communication technologies and the new opportunities it
presents make this one of the most exciting times to be involved in our
industry. I look forward to accepting the challenges in running Chyron and
enhancing shareholder value."
Henderson was appointed Managing Director of the Pro-Bel Group in 1996. He
joined Pro-Bel in 1983 as a Senior Software Engineer, and was appointed
Software Director and a member of the Pro-Bel Board in 1987. In 1992,
Henderson founded the Pro-Bel subsidiary, Procion ICS Limited. He became
Managing Director of Pro-Bel Software Limited in January 1995. Henderson
has been a member of the Chyron Board since February 1999.
Chyron Corporation, based in Melville, NY, markets its products under the
Chyron and Pro-Bel brand names. Serving the television industry for three
decades, Chyron Corporation has established itself as a leading innovator
in the development of television graphics and distribution systems,
including products to meet the demands of digital and high definition
television. Chyron provides a broad range of leading-edge hardware and
software products, including paint and animation systems, character
generators, signal distribution systems, master control switchers, broadcast
automation and media management. Chyron Corporation (www.chyron.com) is
located at 5 Hub Drive, Melville, NY 11747 (516-845-2000).
Ellen Ryan
Chyron Corporation
Tel: (516) 845-3866
[email protected]
Tom Goodman or Robert H. Christie
Goodman Media International Inc.
Tel: (212) 576-2700
[email protected] or [email protected]
Chyron Website: www.chyron.com
