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) December 15, 1999
TECHDYNE, INC.
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(Exact name of registrant as specified in its charter)
Florida 0-14659 59-1709103
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2330 West 77th Street, Hialeah, Florida 33016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 556-9210
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Item 5. Other Events
On December 15, 1999, the board of directors of the Company authorized
the grant of incentive stock options under the Company's 1997 Stock Option
Plan for an aggregate of 19,000 shares of its common stock to seven of its
employees, which options are exercisable into common stock of the Company at
an exercise price of $4.00 per share through December 14, 2002.
The 1997 Stock Option Plan reserves an aggregate of 500,000 shares for
option grants. Additional non-qualified and incentive stock options to
purchase an aggregate of 443,000 shares of common stock at exercise prices
ranging from $3.25 to $4.00 have been granted under the 1997 Plan. To date,
no 1997 stock options have been exercised.
The closing price of the Company's common stock on the date of the grant
was $2.25.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial statements of businesses acquired
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
None
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.
TECHDYNE, INC.
/s/ Thomas K. Langbein
By -----------------------------------
THOMAS K. LANGBEIN, Chairman
of the Board and Chief Executive
Officer
Dated: December 23, 1999
