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 6, 1999
LYNCH CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Indiana 1-106 38-1799862
(State of other (Commission File (IRS Employer
Jurisdiction of Number) Identification)
Incorporation)
401 Theodore Fremd Avenue, Rye, NY 10580
(Address of Principal Executive Offices Zip Code
Registrant's Telephone Number, Including Area Code: 914/921-7601
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Item 5. Other Events.
Registrant's subsidiary, Lynch Systems, Inc. ("LSI"), has settled a
lawsuit, that resulted from the sale of certain packaging equipment by a
previously owned subsidiary, for $450,000, payable over 3 years. As a result,
Registrant expects to take an after-tax charge to operating results of
approximately $0.1 million in the third quarter of 1999.
LSI has received a $14 million order for 4 large glass press machines
from an East Asian customer. The presses are to be produced and delivered over
approximately 10 months. In connection with the order, LSI has to obtain a
substantial credit facility to protect advances by the customer and for working
capital.
The foregoing information contains forward-looking information which is
based upon certain assumptions, including obtaining a credit facility.
Accordingly, the information is subject to uncertainties, risks and inaccuracies
which could be material.
Pursuant to the requirement of the Securities and Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Lynch Corporation
By:/s/Robert E. Dolan
Robert E. Dolan
Chief Financial Officer
Date: October 6, 1999
