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 (Date of Earliest Event Reported)
SEPTEMBER 6, 1996
AST RESEARCH, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-13941 95-3525565
(Commission File Number) (IRS Employer Identification No.)
16215 ALTON PARKWAY
IRVINE, CALIFORNIA 92718
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(714) 727-4141
NOT APPLICABLE
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
On September 6, 1996, AST Research, Inc. (the "Company") announced the
resignation of Joseph E. Norberg as Senior Vice President and Chief Financial
Officer. The Company also announced that it is commencing a search to fill the
CFO position and that Won Suk Yang, Senior Executive Managing Director of
Samsung Electronics Co., Ltd., and a director of the Company, will serve as
acting CFO in the interim. A copy of the press release is attached to this
report, and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Press Release dated September 6, 1996 announcing the resignation of
Joseph E. Norberg as Senior Vice President and Chief Financial
Officer. The Company also announced that Won Suk Yang, Senior
Executive Managing Director of Samsung Electronics Co., Ltd., and a
director of the Company, will serve as acting CFO.
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.
AST Research, Inc.
_______________________________________
(Registrant)
By /s/ DENNIS R. LEIBEL
---------------------
Dennis R. Leibel
Senior Vice President
Legal, Administration and Secretary
Date: September 6, 1996
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Media & Analyst Contact: Emory Epperson
(714) 727-7958
AST ANNOUNCES CHIEF FINANCIAL OFFICER RESIGNATION
IRVINE, Calif., Sept. 6, 1996 -- AST Research Inc. (ASTA--NASDAQ), today
announced the resignation of Joseph E. Norberg, senior vice president and chief
financial officer.
Norberg, 49, who served as CFO since May, 1996, left AST to pursue other
business interests.
AST is commencing a recruitment search to fill the open CFO position. In
the interim, Won Suk Yang, AST director and Samsung Electronics senior executive
managing director, will serve as acting CFO of AST.
Mr. Yang, 52, has served in various senior level positions within the
Samsung Group for more than 25 years, including director of finance at Samsung
Petrochemical; executive vice president of Samsung Semiconductor Inc., a U.S.
subsidiary of Samsung; general manager of Samsung Electronics' Planning and
Administrative Office; and general manager of the Corporate Administrative
Office for an affiliated company, Cheil Synthetics Industries.
"We appreciate the contribution Joe has made to our executive team during
his short tenure with AST and wish him well in his future endeavors," said Young
Soo Kim, AST president and chief executive officer. "While we undertake an
executive search, we are pleased to have the resources and expertise of Mr.
Yang, who will work to further the company's goals of returning to profitability
and a market share growth position as quickly as possible."
AST Research Inc., a member of the Fortune 500 list of America's largest
industrial and service companies, is one of the world's leading personal
computer manufacturers. The company develops a broad spectrum of desktop,
mobile and server PC products that are sold in more than 100 countries
worldwide. AST systems meet a wide range of customer needs, ranging from
corporate business applications to advanced home and office use. Corporate
headquarters is located at 16215 Alton Parkway, P.O. Box 57005, Irvine,
California 92619-7005. Telephone (714) 727-4141 or (800) 876-4278. Fax (714)
727-9355. Information about AST and its products can be found on the World Wide
Web at http://www.ast.com.
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