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: November 19, 1997
WESTERN MICRO TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-11560 94-2414428
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
254 East Hacienda Avenue, Campbell, CA 95008
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(Address of principal executive offices) (Zip Code)
(408) 379-0177
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(Registrant's telephone number,
including area code)
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Item 5. Announcement of Merger to Effectuate a Name Change
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On November 18, 1997, Western Micro Technology, Inc. (the "Company")
announced in a press release that the Company will effect a merger of Savoir
Technology Group, Inc., a Delaware corporation and wholly owned subsidiary of
Western Micro Technology, Inc., into Western Micro Technology, Inc. Western
Micro Technology, Inc. will continue as the surviving corporation. Upon the
effective date of the merger, the name of the surviving corporation will be
changed to Savoir Technology Group, Inc. The Company also announced that on
November 24, 1997, the Company's Nasdaq trading symbol will be changed from
"WSTM" to "SVTG." The press release is attached to this Current Report on Form
8-K.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
99.1 Press Release.
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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.
Dated: November 19, 1997.
WESTERN MICRO TECHNOLOGY, INC.
By /s/ James W. Dorst
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James W. Dorst
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release.
S A V O I R PRESS RELEASE
T E C H N O L O G Y G R O U P----------------------------------------
FOR MORE INFORMATION CONTACT:
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P. Scott Munro Sandra M. Salah
President and CEO Vice President, Corporate Relations
Western Micro Technology, Inc. Western Micro Technology, Inc.
408-341-4767 408-341-4712
[email protected] [email protected]
WESTERN MICRO TECHNOLOGY CHANGES NAME TO
SAVOIR TECHNOLOGY GROUP, INC.
Campbell, California, November 17, 1997 -- Western Micro Technology, Inc.
(Nasdaq National Market - WSTM), a leading midrange computer-systems
distributor, announced that it is changing its name to Savoir Technology Group,
Inc. ("Savoir"). The Company's NASDAQ trading symbol will be changed from "WSTM"
to "SVTG" effective November 24, 1997. Savoir, a French verb meaning "to know,"
was chosen as being representative of the knowledge base required to be
successful in the complex technology marketplace in which the Company operates.
Savoir Technology Group will have two wholly owned subsidiaries: Western Micro
Technology, Inc., a newly formed Delaware Corporation, and Business Partner
Solutions, Inc., a recently acquired Delaware Corporation formerly named Star
Management Services, Inc., and will be responsible for providing strategic
direction, corporate finance resources and acquisition expertise for the
combined entities. Savoir will also provide a state-of-the-art information
management system, technical integration centers and efficient logistical
support to enable its subsidiaries to deliver to and service a growing network
of customers.
Western Micro Technology, Inc., the subsidiary, will distribute the Company's
Intel enterprise-level servers and computing solutions within the Microsoft NT
and Unix operating environments while Business Partner Solutions, Inc. is one of
the nation's largest distributors of IBM midrange products with strong market
focus on both IBM AS/400 and IBM RS/6000 product lines.
Senior management of Savoir Technology Group will be comprised of the same team
that has directed the growth of Western Micro since July of 1995 and includes P.
Scott Munro, President & CEO, James W. Dorst, Chief Financial Officer, and
Robert O'Reilly, Senior Vice President. Western's current Board of Directors
will serve in the same capacity for Savoir Technology Group.
"This is a natural evolution of our business unit strategy of dedicating
resources on specific hardware platforms and market segments", said Scott Munro,
President & CEO of Savoir Technology Group. "We now have two companies with
separate identities focused on different segments of the rapidly growing
midrange systems business."
"The new structure will also allow us to make additional acquisitions in order
to distribute hardware platforms that we currently do not offer and to provide
more profitable consulting and implementation resources for our resellers and
their customers," added Munro.
<PAGE>
Western Micro Technology is a leading distributor of Intel enterprise-level
servers, storage an custom solutions to value added resellers, systems
integrators, and original equipment manufacturers (OEMs). Western Micro provides
comprehensive solutions, along with an array of innovative services to help
their customers compete more effectively. Leading products and services from
world class manufacturers are represented such as Data General, IBM, NCR, SCO,
Sun Microsystems, Unisys, and others. For more information, visit Western
Micro's web site at www.westernmicro.com.
Business Partner Solutions (BPS) enjoys the combined strengths of the Western
Micro's IBM Business Unit and a recent acquisition, Star Management Services,
Inc. This combination creates one of the nation's largest distributors of IBM
midrange products with strong market focus on IBM AS/400 and IBM RS/6000 product
lines. BPS employs approximately 200 professionals dedicated to the sales,
service, and support of IBM midrange servers and wireless products to
sophisticated value added resellers. Additional services include light
manufacturing through IBMs Authorized Assembler Program and a host of leasing
programs. Key suppliers to BPS include IBM, Motorola, and Telxon wireless
products. For more information, visit Business Partner Solutions' web site at
www.bpsolutions.net.
For more information on Savoir Technology Group, please visit the web site at
www.svtg.com.
When used in this disclosure, the words "estimate", "project", "intend",
"expect" and similar expressions are used to identify forward-looking
statements. Such statements are subject to risks and uncertainties that could
cause actual results to differ materially. For a discussion of certain of such
risks, see "Factors Affecting Future Results" contained within the Company's
documents filed quarterly with the Securities and Exchange Commission. Readers
are cautioned not to place undue reliance on these forward looking statements,
which speak only as of the date hereof. There can be no assurances that the
transaction described above will be completed since it is subject to a number of
contingencies. The Company undertakes no obligation to publicly release updates
or revisions to these statements.
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Savoir Technology Group and the Savoir Technology Group logo are trademarks of
Savoir Technology Group, Inc. Western Micro Technology, Western Micro, and the
Western Micro logo are registered trademarks of Western Micro Technology, Inc.
Business Partner Solutions, BPS, and the Business Partner Solutions logo are
trademarks of Business Partner Solutions, Inc. IBM and IBM AS/400, are
registered trademarks and IBM RS/6000 is a trademark of International Business
Machine Corporation and are used under license. All other company and/or product
names are respective property of their prospective holders and should be treated
as such.
