UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) : December 13, 1996
RADYNE CORP.
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(Exact name of registrant as specified in its charter)
New York 0-11685-NY 11-2569467
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State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5225 S. 37th Street, Phoenix, Arizona 85040
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (602) 437-9620
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Item 1. Change in Control of Registrant.
On December 13, 1996, Stetsys Pte Ltd, a corporation organized under
the laws of Singapore, acquired all of the outstanding stock of Stetsys US,
Inc., a Delaware corporation ("Stetsys"), from Singapore Technologies
Electronics Pte Ltd, another wholly owned subsidiary of its parent corporation,
Singapore Technologies Pte Ltd. Stetsys continues to own all of the outstanding
stock of Engineering and Technical Services, Inc., a Florida corporation
("ETS"), which (through its wholly owned subsidiary, Radyne Corp., a Florida
corporation ("Radyne Florida")) controlled Radyne Corp., a New York corporation
("the Company") by virtue of its ownership of approximately 90.67% of the Common
Stock, $.002 par value, of the Company (the "Shares").
On December 24, 1996, ETS completed the distribution of the Shares
to Stetsys. ETS had previously received the Shares by operation of law upon the
merger of Radyne Florida into ETS. As a result of these transactions, Stetsys
now owns directly the approximately 90.67% of the Common Stock of the Company
which Stetsys had owned indirectly and Stetsys continues to be wholly owned by
the same group of corporations of which Stetsys Pte Ltd and Singapore
Technologies Pte Ltd are members.
Item 2. Inapplicable.
Item 3. Inapplicable.
Item 4. Inapplicable.
Item 5. Inapplicable
Item 6. Inapplicable.
Item 7. Inapplicable.
Item 8. Inapplicable.
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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.
RADYNE CORP.
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(Registrant)
Dated: December 27, 1996 By: /s/ ROBERT C. FITTING
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Robert C. Fitting, President
