SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: September 27, 2000
(Date of earliest event reported)
DETECTION SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
New York State 0-8125 27-69690
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
130 Perinton Parkway, Fairport, New York 14450
(Address of Principal Executive Offices)
(716) 223-4060
(Registrant's telephone number, including area code)
Item 5. Other events
On September 27, 2000, the registrant amended its employment
agreements with Karl H. Kostusiak, Chairman, President and Chief Executive
Officer, and David B. Lederer, Executive Vice President. The revised
agreements are filed herewith as Exhibit 99.
On September 27, 2000, the Compensation Committee of the registrant's
Board of Directors received an opinion from Watson Wyatt & Company, a
nationally-recognized, independent employee benefits consultant, that the
amended contracts are "fair and reasonable" to the registrant.
EXHIBITS
99. Additional Exhibits
99-1. Employment Agreement between Karl H. Kostusiak and Detection Systems,
Inc., dated as of September 27, 2000.
99-2. Employment Agreement between David B. Lederer and Detection Systems,
Inc., dated as of September 27, 2000.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
DETECTION SYSTEMS, INC.
By: /s/ Frank J. Ryan
Frank J. Ryan
Vice President, Secretary and
Treasurer
Dated: September 27, 2000
