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 ) July 3, 1996
CINCINNATI MICROWAVE, INC.
(Exact name of registrant as specified in its charter)
Ohio 0-13136 31-0903863
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Microwave Plaza, Cincinnati, Ohio 45249-9502
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (513) 489-5400
(Former name, former address and former fiscal year, if changed since
last report)
Form 8-K Cincinnati Microwave, Inc.
Item 5. Other Events.
Cincinnati Microwave, Inc. today announced that Kurt H. Stump
has been named interim vice president and chief financial officer,
effective immediately. Stump replaces Craig V. Wolf, who has resigned.
"We are very pleased to have Kurt on board as part of the new
management team of Cincinnati Microwave," said Erika Williams,
president and chief executive officer. "His experience in
establishing financial controls and obtaining funding, as well
as his background in retailing, will be of great benefit to us
as we work to restore the company's financial health." Williams
added that "the company wishes Mr. Wolf success in his future
endeavors and thanks him for his contributions."
Stump, 46, joins Cincinnati Microwave from Future Healthcare,
Inc. where he has served as executive vice president and chief
financial officer since August 1995. From 1994 to 1995, he was
senior vice president and chief financial officer of Omnicare,
Inc. and from 1990 to 1994 he was vice president, finance and
chief financial officer of 84 Lumber Company. Between 1981 and
1990, Stump served as controller for several companies in the
retailing industry. Prior to that time, he held a variety of
positions of increasing responsibility with Price Waterhouse.
Stump obtained a Bachelor of Arts in Business and Economics from
Manchester College and is a certified public accountant.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99(i) - Press Release of Cincinnati Microwave, Inc. dated
July 3, 1996.
Form 8-K Cincinnati Microwave, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Cincinnati Microwave, Inc. has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
July 3, 1996
CINCINNATI MICROWAVE, INC.
By: /s/ Elaine M. Bacon
Assistant Corporate Secretary
PRESS RELEASE
FOR FURTHER INFORMATION:
At the Company: At the Financial Relations Board:
Elaine Bacon Bill Schmidle, Analyst Inquiries
513-489-5400 312-640-6753
[email protected] Karl Plath, General Inquiries
312-640-6738
FOR IMMEDIATE RELEASE
Cincinnati Microwave Appoints Stump as Interim CFO
Cincinnati, OH, July 3, 1996 -- Cincinnati Microwave, Inc.
(Nasdaq:CNMW) today announced that Kurt H. Stump has been named
interim vice president and chief financial officer, effective
immediately. Stump replaces Craig V. Wolf, who has resigned.
"We are very pleased to have Kurt on board as part of the new
management team of Cincinnati Microwave," said Erika Williams,
president and chief executive officer. "His experience in
establishing financial controls and obtaining funding, as well
as his background in retailing, will be of great benefit to us
as we work to restore the company's financial health." Williams
added that "the company wishes Mr. Wolf success in his future
endeavors and thanks him for his contributions."
Stump, 46, joins Cincinnati Microwave from Future Healthcare,
Inc. where he has served as executive vice president and chief
financial officer since August 1995. From 1994 to 1995, he was
senior vice president and chief financial officer of Omnicare,
Inc. and from 1990 to 1994 he was vice president, finance and
chief financial officer of 84 Lumber Company. Between 1981 and
1990, Stump served as controller for several companies in the
retailing industry. Prior to that time, he held a variety of
positions of increasing responsibility with Price Waterhouse.
Stump obtained a Bachelor of Arts in Business and Economics from
Manchester College and is a certified public accountant.
Cincinnati Microwave designs, manufactures and markets
ultrahigh frequency and microwave wireless communications
products. The company's product lines include radar warning
devices, digital spread spectrum cordless telephones and
wireless data modems for use on the Cellular Digital Packet Data (CDPD)
network. The company's products combine its experience in
ultrahigh frequency and microwave wireless technology, including
digital signal processing, with its high volume manufacturing
capabilities.
The company markets its products both under the ESCORT brand
name through direct advertising and as an Original Equipment
Manufacturer (OEM) supplier. The company's strategy for
entering new markets is to align with companies that have
established sales leadership and market positions. This
strategy is designed to provide broader access to the end user.
The company produces digital spread spectrum telephones for
several leading marketers of consumer telephones. The company's
common stock is traded on the Nasdaq National Market System
under the symbol CNMW.
Additional information on the company, its products and markets
can be obtained from the Company's world wide web site:
http://www.cnmw.com/welcome.htm. Information about Cincinnati
Microwave also is available, free of charge via fax, by dialing
1-800-PRO-INFO and using ticker symbol CNMW.
