SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) December 3, 1997
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Adage, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 33-31797 04-2225121
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7505 Technology Drive, West Melbourne, Florida 32904
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Registrant's telephone number, including area code 407-984-1414
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(Former name or former address, if changed since last report.)
<PAGE>
Item #5 - Other Events
The registrant issued a press release dated December 3, 1997 announcing the
appointment of a new President and CEO. The press release is appended as
exhibit 1.
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
Adage, Inc.
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(Registrant)
Date: December 3, 1997
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By: /s/ William P. Kelly
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Vice President Finance / CFO
EXHIBIT 1
SUMMARY: Adage, Inc. (NASDAQ:ADGE)
Appoints new President and CEO
Company Contact:
William P. Kelly
VP of Finance & CFO
Adage, Inc.
407-984-1414
WEST MELBOURNE, FLORIDA DECEMBER 3, 1997...ADAGE, INC. (NASDAQ:ADGE)
Adage, Inc., a producer of wireless communications products, announced today the
appointment of Richard K. Laird to the position of President and CEO. Having
divested all holdings other than its RELM Communications subsidiary, Adage will
devote its full attention to designing, manufacturing, and marketing wireless
communications equipment. Among other actions, Adage is seeking shareholder
approval to formally change the corporation's name to RELM Wireless Corporation.
Mr. Laird has been recruited to direct these new initiatives.
Laird comes to Adage following a successful 20-year career with high technology
communications companies. In 1984 Laird founded the telecommunications equipment
company Keptel to capitalize upon the breakup of AT&T. Venture financed, Keptel
successfully penetrated all seven regional Bell operating companies, designing,
manufacturing, and selling new kinds of test and interface equipment needed as a
result of divestiture and deregulation. In 1987, Laird took Keptel public and,
after profitably growing revenues to $50M+, sold the firm for $90M to the then
$700M cable TV equipment company Antec. Laird subsequently became Antec's
Executive Vice President of Operations, ultimately leaving to pursue other
opportunities.
Adage Board Chairman Donald Goebert said, "We are delighted to have Richard on
board to head up our new focus. Richard brings a wealth of public company and
high technology experiences, each in rapidly changing new markets, as well as
demonstrated leadership skills, which will propel RELM's growth in these new
wireless equipment markets".
Laird said, "New band width is being allocated everyday worldwide for wireless
communication and new technologies, appearing to make ever better use of each
piece of spectrum. The worldwide market for wireless communication equipment
is exploding as a result, setting the stage for new applications and
instruments yet to be imagined. The Adage board has successfully refocused the
company to capitalize upon these opportunities and its RELM subsidiary can
become an excellent base from which to spring. The company's solid balance
sheet and committed board insure that this pursuit will be an aggressive one
and I am delighted to be joining at such a moment".
