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) January 13, 1998
----------------
EG&G, Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Massachusetts 1-5075 04-2052042
------------- ------ ----------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
45 William Street, Wellesley, Massachusetts 02181
------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
(781) 237-5100
--------------
(Registrant's telephone number, including area code)
Not applicable
--------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On January 13, 1998, the Company announced the appointment of Gregory L. Summe,
who was formerly President of AlliedSignal's Automotive Products Group, as
President and Chief Operating Officer (see attached press release).
SIGNATURE
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.
EG&G, Inc.
By /s/ John F. Alexander, II
----------------------------
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Date: January 20, 1998
----------------
EXHIBIT INDEX
Exhibit Number Exhibit Description
- -------------- -------------------
(99) Press Release dated January 13, 1998
<PAGE>
FOR IMMEDIATE RELEASE
- ---------------------
13 January 1998 For further information contact:
Deborah S. Lorenz, EG&G, Inc.
Tel. (781) 431-4306
NYSE Symbol: EGG
Website: www.egginc.com
EG&G ANNOUNCES APPOINTMENT OF NEW PRESIDENT AND COO
Wellesley, Massachusetts.... EG&G announced the appointment of Gregory L. Summe,
41, as President and Chief Operating Officer. Summe, who was formerly President
of AlliedSignal's $2.1 billion Automotive Products Group, will be based at
EG&G's Wellesley, Massachusetts headquarters where he will oversee the
day-to-day operations of the diversified technology firm. He will join EG&G at
the end of January.
"Greg is a marketing strategist who has a remarkable record of success in
invigorating and driving businesses to higher performance levels in high
performance organizations. He brings a wealth of experience in semiconductors,
aerospace, electronic systems and other markets that are very important to us,"
said John M. Kucharski, Chairman and CEO of EG&G, Inc. "He has already
established a track record of accomplishment at large, multi-industrial
organizations. I believe that he is the right person to execute EG&G's growth
strategy in the 21st century."
Prior to serving as the President of AlliedSignal's Automotive Products Group,
Summe was the President of Aerospace Engines and of General Aviation Avionics.
He had excellent success in profitably growing those businesses. Before joining
AlliedSignal, he was the general manager of commercial motors at General
Electric and a partner at McKinsey & Co., Inc. He started his career as a
semiconductor design engineer at Mostek. Summe holds B.S. and M.S. degrees in
electrical engineering from the University of Kentucky and the University of
Cincinnati, and an M.B.A. from the Wharton School at the University of
Pennsylvania.
"EG&G is a company with great growth potential. This move meets my long term
goals and provides me with an opportunity to return to my technology roots,"
stated Mr. Summe. "I leave with great respect for AlliedSignal. It is a high
performance organization with bright prospects that has treated me well." Mr.
Summe added that he and his family are looking forward to locating to the Boston
area.
The appointment of a COO with a strong commercial technology background marks a
milestone in EG&G's strategic evolution. Under Chairman Kucharski's leadership,
EG&G has moved toward a balanced portfolio of government contracts and
commercial technology products such as digital x-ray detector panels, automobile
airbag accelerometers, and computerized medical diagnostic equipment. Summe
brings to EG&G broad experience in molding organizations for achieving growth
and superior levels of performance.
EG&G, Inc. is a global technology company that provides complete systems, as
well as components, to automotive, medical, aerospace, photography and other
industries, and delivers skilled support services to government and industrial
customers. Based in Wellesley, Massachusetts, EG&G has annual sales of more than
$1.4 billion and more than 14,000 employees worldwide.
###
