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): September 23, 1996
Aero Systems Engineering, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 0-7390 41-0913117
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
358 E. Fillmore Avenue, St. Paul, Minnesota 55107
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 227-7515
Not applicable.
(Former name or former address, if changed since last report.)
AERO SYSTEMS ENGINEERING, INC.
INDEX
TO
CURRENT REPORT
ON
FORM 8-K
Item Number Page
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Item 5. Other Events. 3
Signatures. 4
Exhibits. 5
ITEM 5. OTHER EVENTS.
The information set forth in Exhibit 99.1 to this Current Report on Form 8-K is
incorporated herein by reference.
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.
Dated: September 26, 1996. Aero Systems Engineering, Inc.
By: /s/ Charles L. Rooks
Charles L. Rooks
Chief Financial Officer
Exhibit 99.1
PRESS RELEASE
DATE: SEPTEMBER 23, 1996
FOR RELEASE: IMMEDIATELY
ST. PAUL, MINNESOTA -- Aero Systems Engineering, Inc. (ASE) Board of Directors
announced the acceptance of the resignation of Roland Dilda as President and CEO
of the Company. Mr. Dilda is leaving ASE to pursue other activities. The Board
has elected Dr. Leon E. Ring as President and CEO. Dr. Ring will assume this
position effective today.
ASE, headquartered in St. Paul, Minnesota, is a member of the Celsius Group,
headquartered in Stockholm, Sweden. The common stock of the Company is traded on
the Nasdaq market with the symbol AERS.
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The Celsius Group is a Swedish high technology industrial group listed on the
Swedish Stock Exchange. The Group holds a leading position within the defense
sectors and has an annual turnover of 1.7 billion USD and employs in total
11,500 people.
The Celsius Group has comprehensive activities in the U.S.A., mainly within the
commercial aircraft maintenance sector. The operations, which are controlled by
Washington-based Celsius Inc., are conducted by three separate
companies--AeroThrust Corp., Aero Systems Engineering (ASE) and FFV Aerotech
Inc.--all based in the U.S.A. The Celsius operations in the U.S.A. employs 700
persons and report annual joint sales in excess of 135M USD.
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For further information, please contact Dr. Leon E. Ring, President and CEO of
Aero Systems Engineering, Inc. (ASE), tel 612-220-1107.
