<PAGE>
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 the earliest event reported): November 6, 1998
Commission File Number 0-14973
UNICO, INC.
--------------------------------------------------------------------
(Exact name of registrant as specified in charter)
New Mexico 85-0270072
--------------------------------------------------------------------
(State or other jurisdiction of IRS Employer
incorporation or organization) Identification No.
2925 Bayview Drive, Fremont, California 94538
--------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 510/770-3990
N/A
---------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report.)
<PAGE>
ITEM 5. OTHER EVENTS
The Registrant filed a Form S-8 on September 14, 1998 to register 390,000
shares of its common stock it provided to three individuals as compensation
for consulting services. Upon further review, the Registrant deemed it may
have inadvertently violated the intent of the Novation Agreement (see Form 8-K
filed on July 14, 1998). Following a prudent course of action, it rescinded
the service contracts and cancelled the shares issued to two of the three
individuals and filed a Form 8-K, 1998 on November 5, 1998. On November 6,
1998, the Board of Directors deemed it best to rescind the contract with Mr.
Leo Paul Murphy, the third individual, as well.
The Registrant continues to view Mr. Murphy as a valuable contributor to
its growth and expects to continue to benefit from his services. Registrant
may enter into other agreements with him to compensate him for past and future
services.
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.
UNICO, INC.
Date: November 23, 1998 BY: /s/ Henry Tang
NAME: HENRY TANG
TITLE: Secretary
