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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) April 28, 1997
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AST RESEARCH, INC.
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(Exact name of registrant as specified in charter)
DELAWARE 0-13941 95-3525565
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(State or other (Commission (IRS employer
jurisdiction of file number) identification
incorporation) number)
16215 Alton Parkway, Irvine California 92718
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(Address of principal executive offices)
Registrant's telephone number, including area code:
(714) 727-4141
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
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AST Research, Inc. announced today Mr. Soon-Teak (S.T.) Kim was named
president and chief executive officer following the resignation of Mr. Young Soo
(Y.S.) Kim from both posts. Mr. Y.S. Kim, who is resigning from these positions
for personal reasons, will remain as an AST board member.
Mr. S.T. Kim was formerly chief executive officer of Samsung Heavy
Industries. Prior to that position, he was vice president of Samsung Group
Office of the Executive Staff, reporting directly to Chairman Kun-Hee Lee on
major issues concerning the Samsung Group. Mr. S.T. Kim has served in senior-
level executive positions at Samsung since 1985, where he has led successful
turnaround efforts with Samsung's semiconductor, monitor and heavy industry
ventures. He holds a bachelor's degree in economics from Kyongbuk National
University, located in Kyongbuk, Korea.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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20.1 Press Release, dated April 28, 1997.
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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 thereunto duly authorized.
AST RESEARCH, INC.
Date: April 28, 1997 By: /s/ Won Suk Yang
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Name: Won Suk Yang
Title: Senior Vice President and Chief Financial
Officer
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EXHIBIT INDEX
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Exhibit
No. Description of Exhibit
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20.1 Press Release, dated April 28, 1997.
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MONDAY APRIL 28 7:00 AM EDT
AST APPOINTS NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER
IRVINE, Calif.--(BUSINESS WIRE)--April 28, 1997--AST Research Inc. today
announced Soon-Taek (S.T.) Kim was named president and chief executive officer
following the resignation of Young Soo (Y.S.) Kim from both posts. Y.S. Kim, who
is resigning these positions for personal reasons, will remain as an AST board
member.
S.T. Kim was formerly chief executive officer of Samsung Heavy Industries. Prior
to that position, he was vice president of the Samsung Group Office of the
Executive Staff, reporting directly to chairman Kun-Hee Lee on major issues
concerning the Samsung Group. S.T. Kim has served in senior-level executive
positions at Samsung since 1985, where he has led successful turnaround efforts
within the company's semiconductor, monitor and heavy industry ventures. He
holds a bachelor's degree in economics from Kyongbuk National University,
located in Kyongbuk, Korea.
S.T. Kim stated, "My immediate priority is to restore confidence in AST among
our customers, vendors and employees as AST and Samsung continue to work
together to complete the pending acquisition of AST by Samsung."
Kim said that AST will remain in its current Irvine headquarters.
On April 21, 1997, Samsung commenced a cash tender offer for any and all
outstanding AST common shares not currently owned by it and its affiliates. The
tender offer, which is for $5.40 per share in cash, is being made pursuant to a
merger agreement between AST and Samsung dated April 14, 1997. The tender offer
is scheduled to expire on May 19, 1997, unless extended. Under the merger
agreement, if the tender offer is consummated, and subject to certain
conditions, Samsung is obligated to acquire through a merger for $5.40 per share
in cash those shares not purchased in the tender offer.
AST Research Inc. develops and markets 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 home office use. Corporate headquarters is
located at 16215 Alton Parkway, P.O. Box 57005, Irvine, Calif. 92619-7005.
Telephone: 714/727-4141, Fax: 714/727-9335. Information about AST and its
products can be found on the World Wide Web at http://www.ast.com.
CONTACT: AST Research Inc.
Emory Epperson, 714/727-7958
