UNITED STATES
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 4, 2000
PSC Inc.
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(Exact name of Registrant as Specified in its Charter)
New York
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(State or other jurisdiction of Incorporation)
0-9919 16-0969362
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(Commission File Number) (IRS Employer Identification No.)
675 Basket Road, Webster, New York 14580
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(Address of Principal Executive Offices)
(716) 265-1000
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Registrant's Telephone Number, including Area Code
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Item 5. Other Events
(a) On Decembers 4, 2000, Edward J. Borey was appointed President, Chief
Executive Officer and a director of the Registrant. He replaced Robert S.
Ehrlich, Chairman of the Board of Registrant, and Bert W. Wasserman, a director
of Registrant, who had been serving as interim Co-Chief Executive Officers
following the resignation of Robert C. Strandberg on August 23, 2000. Mr.
Ehrlich continues as Chairman of the Board, and Mr. Wasserman continues to serve
as a director of the Registrant.
(b) Registrant received a Nasdaq Staff Determination on September 6, 2000
indicating that Registrant failed to comply with the minimum bid price
requirement for continued listing set forth in Marketplace Rule 4450(b)(04) and
that its common shares were, therefore, subject to delisting from The Nasdsaq
National Market. Registrant has requested a hearing before a Nasdaq Listing
Qualifications Panel ("Panel") to review the Staff Determination. The hearing
will be held on January 4, 2001. There can be no assurance that the Panel will
grant Registrant's request for continued listing. If Registrant's request is
denied, Registrant will apply to list its common shares on The Nasdaq SmallCap
Market. However, there can be no assurance that Registrant's common shares will
be accepted for listing on such market.
Item 7. Financial Statements and Exhibits
(c) Exhibits:
99.1 News Release entitled "PSC appoints Chief Executive Officer" issued by
the Registrant on December 4, 2000.
99.2 News Release entitled "PSC Requests Hearing Before NASDAQ Panel"
issued by the Registrant on December 11, 2000.
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.
PSC Inc.
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(Registrant)
Date: December 4, 2000 By: /s/ Michael J. Stachura
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Michael J. Stachura
Vice President, Chief Financial
Officer & Treasurer
