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) January 14, 1998
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Arizona Instrument Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-12575 86-0410138
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(Commission File Number) (I.R.S. Employer Identification No.)
4114 East Wood Street, Phoenix, Arizona 85040-1941
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(Address of Principal Executive Offices) (Zip Code)
(602) 470-1414
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events.
On January 14, 1998, Arizona Instrument Corporation announced changes in its
Board of Directors. Quinn Johnson, Richard Long, Patricia Onderdonk and Stanley
H. Weiss resigned from the Board of Directors for personal reasons. Continuing
on the Board of Directors are S. Thomas Emerson, George G. Hays, Walfred R.
Raisanen and Steven G. Zylstra. Joining the Board of Directors is Harold D.
Schwartz. Mr. Schwartz, 72, is President of Chez & Schwartz Incorporated, a
management consulting firm. He currently serves on the Boards of Directors of
Cobra Electronics Corporation and the DCA Research Foundation, Inc. Mr. Schwartz
is a past Chairman of the National Kidney Foundation, served 8 years on the
Advisory Council of the National Institute of Diabetes, Digestive and Kidney
Disease, and is a graduate of the University of Illinois.
George G. Hays, President of AZI, welcomed Mr. Schwartz to the Company's Board
of Directors. Mr. Hays indicated that the Company was pointed in the right
direction and that he was enthusiastic about its future. Mr. Hays also stated
that the new board would be actively involved in the direction of the Company's
business and would focus on strategies for increasing shareholder value.
Arizona Instrument Corporation, an ISO 9001 registered company, designs,
manufactures, and markets precision instruments used in quality control,
industrial control and environmental monitoring applications.
The statements in this report regarding the involvement of the Board of
Directors in the direction of the Company's business and increasing shareholder
value of the Company are forward-looking statements, which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially. Factors that could cause or
contribute to such differences include, but are not limited to, the
effectiveness of the new board and outside economic forces. The forward-looking
statements should be considered in light of these risks and uncertainties.
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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.
ARIZONA INSTRUMENT CORPORATION
(Registrant)
January 21, 1998 By /s/ George G. Hays
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George G. Hays
President and Chief Executive Officer
