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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
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Date of Report (Date of earliest event reported) DECEMBER 27, 1995
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PICO PRODUCTS, INC.
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(Exact name of Registrant as specified in its charter)
NEW YORK 1-8342 15-0624701
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
12500 FOOTHILL BOULEVARD, LAKEVIEW TERRACE, CA 91342
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (818) 897-0028
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(N/A)
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(Former name or former address, if changed since last report)
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FORM 8-K CURRENT REPORT:
ITEM 5. OTHER EVENTS
On December 27, 1995, Pico Products, Inc. (the "Company") reported in a news
release, dated December 27, 1995, that it received an increased bank line
of credit. A copy of the news release is attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
(99) News release, dated December 27, 1995
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.
PICO PRODUCTS, INC.
REGISTRANT
Date: December 29, 1995 /S/ JOSEPH T. KINGSLEY
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Senior Vice President of Finance
Chief Financial Officer
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[PICO PRODUCTS, INC. LOGO]
NEWS
RELEASE
PICO PRODUCTS, INC.
12500 Foothill Blvd.
Lakeview Terrace, CA 91342
(800) 421-6511
FAX (818) 899-1381
CONTACT:
Joseph T. (Ted) Kingsley
FOR IMMEDIATE RELEASE (800) 421-6511
PICO PRODUCTS RECEIVES INCREASED BANK LINE OF CREDIT
Lakeview Terrace, California -- December 27, 1995: Pico Products, Inc. (Amex
"PPI") today announced that the Company's revolving line of credit with Marine
Midland Business Loans, Inc. has been extended to December 31, 1996. The total
available credit has been increased from $10 million to $11 million and the
limit on inventory financing has been increased from $4.5 million to $5.5
million. The increased line of credit will support up to $2 million in
additional funding to finance sales growth and market expansion during the next
year.
Pico Products, Inc. is a leading international manufacturer of components for
cable TV, SMATV and wireless cable systems. The Company has facilities and
offices in Los Angeles, CA; Syracuse, NY; Philadelphia, PA; St. Kitts, West
Indies; Taipei, Taiwan; and Hong Kong.