SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 14, 1997
Commission File No. 1-106
LYNCH CORPORATION
(Exact name of Registrant as specified in its charter)
Indiana 38-1799862
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8 Sound Shore Drive, Suite 290, Greenwich, Connecticut 06830
(Address of principal executive offices) (Zip code)
(203) 629-3333
Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS
Lynch Interactive Corporation, a subsidiary of Registrant, has sent a letter
to Hector Communications Corporation ("Hector") in which it indicates that:
Registrant is willing to consider making an offer for shares of Hector at a
minimum of $10 per share. Registrant's desire would be to acquire enough new
shares from Hector to own 51% of the company. Registrant hopes that Mr.
Sampson, Chairman and Chief Executive Officer of Hector, would join the Board
of Directors of Registrant and that the management of Hector would become
actively involved in Registrant's telephony operations. There may be Federal
Communications Commission and other regulatory issues with respect to any
such transactions; however, they do not appear to Registrant to be
insurmountable. Should Registrant and Hector not agree on terms, Registrant
will only proceed on a friendly basis. See Exhibit 1 hereto.
This Form contains forward looking information which is subject to
risks and uncertainties, and there is no assurance that any agreement or
transaction will result.
ITEM 7 (c). Exhibits
Exhibit 1. Letter to Hector dated October 14, 1997.
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.
LYNCH CORPORATION
Date: October 15, 1997 By: s/ Robert E. Dolan
Robert E. Dolan
Chief Financial Officer
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October 14, 1997
Mr. Curtis A. Sampson
Chairman & Chief Executive Officer
Hector Communications Corporation
211 South Main Street
Hector, Minnesota 55342
Dear Mr. Sampson:
Lynch Corporation is willing to consider making an
offer for shares in your company at a minimum of $10 per
share. Our desire would be to acquire enough new shares
from Hector to own 51% of the company.
I would hope that you would accept an invitation to
join the Board of Lynch Corporation and assure you that the
management of Hector would play an active role in Lynch's
telephony operations.
Lynch and Hector have known each other for a long time.
I know we share the same objectives for our community and
employees and particularly our customers. While there may
be technical regulatory issues, they do not appear to us to
be insurmountable.
Combining our businesses would create a great team, but
should we not agree on terms, we will only proceed on a
friendly basis.
We look forward to chatting with you, perhaps at USTA.
Sincerely,
Eugene P. Connell
EPC/mc