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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): SEPTEMBER 11, 1998
COMMISSION FILE NO. 1-4289
GTI CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 95-4481525
(State or Other Jurisdiction (I.R.S. Employer Identification No.)
of Incorporation or Organization)
9715 BUSINESS PARK AVENUE
SAN DIEGO, CALIFORNIA 92131
(Address of Principal Executive Offices) (Zip Code)
(619) 537-2500
(Registrant's telephone number, including area code)
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ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired -- Not Applicable.
(b) Pro Forma Financial Information -- Not Applicable.
(c) Exhibits:
Exhibit 10.1 Press Release of GTI Corporation released on
September 10, 1998.
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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.
GTI CORPORATION
September 10, 1998 /s/ BRUCE C. MYERS
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Date Bruce C. Myers
Vice President of Finance and
Chief Financial Officer
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Contact: Bruce Myers
Vice President and CFO
FOR IMMEDIATE RELEASE Peter Harker
Controller
September 10, 1998 (619) 537-2500
GTI ANNOUNCES FILING OF LAWSUIT
GTI Corporation ("GTI") (NASDAQ: GGTI) announced today that it has
filed suit in the Delaware Chancery Court seeking a court order, among other
things, requiring Technitrol, Inc., ("Technitrol") (NYSE: TNL), through certain
Technitrol subsidiaries to close the acquisition of GTI pursuant to the Merger
Agreement, dated May 26, 1998, among GTI and such subsidiaries. Technitrol had
previously refused to close the transaction because of asserted breaches of
warranty, which GTI has denied. No assurance can be given with respect to the
outcome of such lawsuit.
Through Valor Electronics, Inc., GTI Corporation is a multinational
manufacturer and leading supplier of magnetics-based components for signal
processing and power transfer functions primarily in networking and also in
telecommunications and broadband products.
# # #
The information contained in this press release, including any forward looking
statements contained herein, should be reviewed in conjunction with the
Company's Annual Report on Form 10-K/A and other publicly available information
regarding the Company, copies of which are available from the Company upon
request. This publicly available information sets forth certain risks and
uncertainties related to the Company's business and such statements. Such risks
and uncertainties include, but are not limited to, possible declines in market
growth rates, dependence on key customers, possible failure of product
development activities, the development of alternative technologies by
competitors of the company or its customers, price pressures and other
competitive factors, and volatility in the market for the company's products.
9715 Business Park Avenue o San Diego CA 92131-1642 o (619) 537-2500
