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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 1, 1997
MICROFRAME, INC.
(Exact Name of Registrant as Specified in its Charter)
New Jersey 0-13117 22-2413505
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Incorporation) Identification No.)
21 Meridian Road
Edison, New Jersey 08820
(Address of Principal Executive Offices) (Zip Code)
(908) 494-4440
(Registrant's telephone number, including area code)
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This Current Report on Form 8-K is filed by MicroFrame, Inc., a New
Jersey corporation (the "Company"), in connection with the matters described
herein.
Item 5. Other Events
In June 1997, David E. Sawyer joined the Company as the Senior Vice
President of Sales.
On June 20, 1997, Mr. Alexander C. Stark, Jr. was elected as a
director of the Company.
On July 1, 1997, Mr. John F. McTigue became employed as the Chief
Financial Officer of the Company replacing Mr. Simmons who tendered
his resignation effective June 30, 1997. Mr. Simmons left to pursue
other interests. His departure was not in whole or in part due to any
dispute with the Company.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99 Press Release dated July 9, 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 hereunto duly authorized.
Date: July 9, 1997
MICROFRAME, INC.
By: /s/ Stephen B. Gray
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Stephen B. Gray,
President and Chief Operating
Officer
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EXHIBIT INDEX
Exhibit No. Page
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99 Press Release dated July 9, 1997. 5
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Exhibit 99
MICROFRAME, INC. WELCOMES NEW TOP PLAYERS TO WINNING TEAM
Edison, N J - July 9, 1997 - MicroFrame, Inc. (NASDAQ SmallCap: MCFR), announced
July 1, 1997 the addition of talented and highly skilled leaders in the areas of
sales and accounting, and to the Company's Board of Directors.
David E. Sawyer, Senior Vice President of Sales, will be responsible for leading
the sales organization forward in domestic and international sales for all
aspects of MicroFrame's product distribution, including Direct, OEM, and
Alternate Channels.
Sawyer comes to MicroFrame from FORE Systems, a provider of ATM and other
networking products, where he served as the Senior Channel Sales Manager, and
was responsible for the development of sales to national channel accounts and
strategic partner relationships. Prior to FORE, Sawyer held various managerial
sales positions with Chipcom, 3Com and Xyplex.
John F. McTigue joins MicroFrame as the Chief Financial Officer, and will be
responsible for strategic financial planning, business development, and
fostering investor relations. He will be responsible for all areas of Finance
and Administration at MicroFrame.
Most recently McTigue held the position of Chief Financial Officer at Fundtech
Corporation, a software developer in New Jersey, where he was instrumental in
the design and implementation of business and operating plans, as well as the
establishment of relationships within the finance community.
Alexander C. Stark, Jr. has been elected to MicroFrame's Board of Directors.
Stark brings his extensive executive management and engineering experience in
international telecommunications from his forty years at AT&T. He retired from
AT&T in 1994 as Senior Vice President of International Communications Services.
"We have added three highly-skilled, energetic team members who will be
instrumental in helping us to reach our strategic goals and objectives," said
Stephen B. Gray, President and CEO. "David Sawyer is a proven team builder who
consistently leads sales organizations to achieve high performance levels. John
McTigue's background and expertise will be vital in crafting the financial
structure of MicroFrame; and Alexander Stark brings his overall business
management expertise and technical background in the communications field, which
will be an invaluable assistance in the molding of MicroFrame's strategic
direction and market positioning. On behalf of MicroFrame, we are extremely
pleased that these three individuals, with their exemplary backgrounds and skill
sets, have elected to join MicroFrame."
Headquartered in Edison, NJ, MicroFrame develops and manufactures hardware and
software solutions for secured Remote Network Management systems for voice,
video and data communications. Products are sold and supported in the U.S. by a
direct sales force with offices in Edison and St. Louis and through distributors
in other geographic markets. A wholly-owned subsidiary in Antwerp, Belgium
services the European Economic Community market. In addition, the company has
established distribution channels in Canada and the Pacific Rim, including
Australia and New Zealand. MicroFrame has systems installed worldwide.
