NEWPORT CORP
8-K, 1995-04-10
LABORATORY APPARATUS & FURNITURE
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<PAGE>
 
                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)                  March 31, 1995
                                                --------------------------------
     

                              NEWPORT CORPORATION
- --------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)



                  Nevada                          0-1649                 094-
- -----------------------------------------------------------------------------
0849175
- -------
   (State or other jurisdiction           (Commission          (I.R.S.  Employer
   of incorporation or organization)      File Number            Identification
No.)
 


   1791 Deere Avenue, Irvine, CA                                        92714
- --------------------------------------------------------------------------------
   (Address of principal executive offices)
(Zip Code)



Registrant's telephone number, including area code                (714) 863-3144
                                                  ------------------------------
     
    

                                Not Applicable
- --------------------------------------------------------------------------------
        (Former name or former address, if changed, since last report.)



                               Page 1 of 6 Pages

                 Exhibit Index on Sequentially Numbered Page 5

                               
<PAGE>
 
Item 5.   Other Events
          ------------

        On March 30, 1995 Newport Corporation (the "Company" or "Newport")
completed the purchase all of the shares of Light Control Instruments, Inc.
("LCI"). LCI is involved in the manufacture, sale, maintenance, marketing and
distribution of laser diode related test and control instruments and hardware
primarily for temperature or current control

                               Page 2 of 6 Pages
<PAGE>
 
Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------ 
               
          (c)  Exhibits.
               ---------

               Exhibit
               Number
               ------

               99.1   Press release dated March 31, 1995 announcing the
                      acquisition of Light Control Instruments, Inc.

                               Page 3 of 6 Pages
<PAGE>
 
                                   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 thereunto duly authorized.


                                                NEWPORT CORPORATION



Date:  April 4, 1995                            By: /S/ ROBERT C. HEWITT
                                                   ---------------------
                                                Robert C. Hewitt
                                                Vice President and
                                                Chief Financial Officer

                               Page 4 of 6 Pages
<PAGE>
 
                                 EXHIBIT INDEX
                                 -------------

The following exhibits are attached hereto and incorporated herein by reference:
       

<TABLE>
<CAPTION>
 
                                                                   Sequentially 
                                                                    Numbered
                                                                      Page
                                                                      ----

         <S>     <C>                                               <C> 
         99.1    Press release dated March 31, 1995 announcing 
                 the acquisition of Light Control Instruments, Inc.    5
                                         
                                             
</TABLE>

                               Page 5 of 6 Pages

<PAGE>
 
                                 EXHIBIT 99.1



Newport Corporation today announced that it has acquired privately-held Light
Control Instruments Inc. of San Luis Obispo, California, in an exchange for
stock. Terms of the transaction, which will be accounted for as a pooling of
interests, were not disclosed.

Founded in 1987, Light Control Instruments designs and manufactures laser diode
related test and control instrumentation and hardware primarily for temperature
or current control. Light Control Instruments' management will continue with
Newport.

Richard E. Schmidt, Newport's chairman and chief executive officer, commented:
"Light Control Instruments is an excellent fit because the company strengthens
Newport's position as the supplier of choice for photonics and laser related
equipment. We gain a quality, expanding product line which we can readily market
to our customer base. The acquisition is part of our overall strategy to acquire
companies or product lines that enable us to grow in attractive niche markets."

Newport Corporation is a leading worldwide manufacturer and marketer of
precision equipment for scientists and engineers who develop and apply
technology involving lasers and optics. The company also uses its precision
positioning expertise to service such high technology industries as
semiconductor manufacturing, telecommunications, life science and health care,
and analytical instrumentation. Customers include Fortune 500 corporations,
national research laboratories, government and educational institutions.

                               Page 6 of 6 Pages


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