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):
May 24, 1999
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THERMEDICS INC.
(Exact name of Registrant as specified in its charter)
Massachusetts 1-9567 04-2788806
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
470 Wildwood Street, P.O. Box 2999
Woburn, Massachusetts 01888
(Address of principal executive offices) (Zip Code)
(781) 622-1000
(Registrant's telephone number
including area code)
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This Form 8-K contains forward-looking statements that involve a number of
risks and uncertainties. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements are
set forth under the heading "Forward-looking Statements" in Exhibit 13 to the
Registrant's Annual Report on Form 10-K for the year ended January 2, 1999.
These include risks and uncertainties relating to: government regulation and
industry standards, competition and technological change, intellectual property
rights, reimbursement by insurers for medical procedures, medical community
acceptance of medical devices, availability of materials and components, product
liability, international operations, the Registrant's spinout and acquisition
strategies, and the potential impact of the year 2000 on processing
date-sensitive information.
Item 5. Other Events
On May 24, 1999, the Registrant issued a press release regarding certain
pretax charges that will be taken by the Registrant.
The press release stated that the Registrant will record pretax charges
totaling approximately $30 million primarily in its second fiscal quarter, which
ends July 3, 1999. These charges will be incurred as a result of the
Registrant's decision to sell its power electronics and test equipment business
to an unrelated third party. If the Registrant has not sold this business prior
to the consummation of the previously announced proposed transaction with Thermo
Electron Corporation ("Thermo Electron"), then as part of any such transaction
the business would be transferred to Thermo Electron as part of that proposed
transaction and would subsequently be sold by Thermo Electron to an unrelated
third party.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits: not applicable.
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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, thereunto duly authorized, on this 25th day of May, 1999.
THERMEDICS INC.
By: /s/ Theo Melas-Kyriazi
Theo Melas-Kyriazi
Chief Financial Officer
