UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-KSB
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
OCTOBER 11, 2000 (OCTOBER 5, 2000)
VICON FIBER OPTICS CORP.
(Exact Name of Registrant as Specified in its Charter)
0-11057
(Commission file number)
Delaware 13-2615925
(State of Incorporation) (I.R.S. Employer
Identification Number)
90 Secor Lane, Pelham Manor, New York 10803
(Address of principal executive offices and zip code)
(914) 738-5006
Registrant's telephone number
Item 5. Other Events
On October 6, 2000, the Board of Directors of Vicon Fiber Optics Corp.
announced that it has uncovered certain financial reporting irregularities
affecting the financial statements of Vicon for the fiscal years 1998 and
1999. The Board also stated that it has asked its outside counsel to assist
it in investigating the full extent of any irregularities and to advise
Vicon of any additional corrective actions that may be necessary. "We plan
to promptly find out the full extent of any problems there may have been and
take all necessary steps to correct them," stated Arthur W. Levine, recently
appointed President and CEO of Vicon.
The Board, by letter dated October 5, 2000, suspended Michael Scrivo, its
COO from employment, and also suspended the consulting agreement between the
company and Leonard Scrivo, the company's former CEO and President. These
actions were taken in connection with the company's above stated
investigation of financial reporting irregularities which occurred during
the company's 1998 and 1999 fiscal years. On October 6, 2000, Michael
Scrivo submitted his resignation from the company as an employee, officer
and member of the Board of Directors.
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.
Vicon Fiber Optics Corp.
(Registrant)
/s/ Robert J. Figliozzi
Chairman of the Board of Directors
