SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15 (d) of
the Securities and Exchange Act of 1934
Date of Report: August 28, 1997
MOSCOM Corporation
(Exact name of registrant as specified in its charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-13898 16-1192368
(Commission File No.) (IRS Employer Identification
Number)
3750 Monroe Avenue, Pittsford, NY
(Address of principal executive offices)
14534
(Zip Code)
(716)381-6000
(Registrants telephone number, including area code)
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Item 5 Other Events
On August 19, 1997 Moscom Corporation announced that it had reached a
definitive agreement with Albert J. Montevecchio, its founder and former
President, CEO, and Chairman of the Board, regarding his retirement
compensation. The agreement was signed on August 19 effective August 1, 1997.
To reflect Mr. Montevecchios early retirement, the Company recorded a charge
of $510,000 in the second quarter ended June 30, 1997, accelerating charges
that would otherwise have accrued until his planned retirement in 2001 at age
65.
As part of the agreement, effective immediately Mr. Montevecchio has
resigned all positions as an officer, director, and employee of the Company.
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 in Pittsford, New York on August 28,
1997.
MOSCOM CORPORATION
______________________________
David G. Mazzella
President & CEO
______________________________
Ronald C. Lundy
Treasurer
(Chief Accounting Officer)
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