US SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): SEPTEMBER 18, 2000
MEASUREMENT SPECIALTIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEW JERSEY 0-16085 22-2378738
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
80 LITTLE FALLS ROAD, FAIRFIELD, NEW JERSEY 07004
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(973) 808-1819
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(ISSUER'S TELEPHONE NUMBER)
(FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST
REPORT)
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ITEM 5. OTHER EVENTS
Two-for-one Stock Split
On September 18, 2000, Measurement Specialties announced that its Board of
Directors declared a two-for-one stock split of its outstanding common stock.
Shareholders of record at the close of business on October 3, 2000 will be
issued a certificate representing one additional share for each share held on
the record date, payable on October 20, 2000 (the issue date). Measurement
Specialties will have approximately 8.2 million shares outstanding after the
split. A press release, dated September 18, 2000, is included as exhibit 1 to
this Form 8-K.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
MEASUREMENT SPECIALTIES, INC.
(Registrant)
/S/ Kirk J. Dischino
Date: September 18, 2000 Chief Financial Officer
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EXHIBIT NO. 1 DESCRIPTION
Press Release dated September 18, 2000
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Contact: Joseph R. Mallon, Jr., CEO
Kirk J. Dischino, CFO
973 808-1819
Boutcher & Boutcher, Investor relations
Aimee Boutcher
973 239-2878
FOR IMMEDIATE RELEASE
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MEASUREMENT SPECIALTIES, INC. ANNOUNCES TWO-FOR-ONE STOCK SPLIT
Fairfield, NJ, September 18, 2000 - Measurement Specialties, Inc. (AMEX: MSS)
today announced the Board of Directors has approved a two-for-one split of its
Common Stock. Shareholders of record as of the close of business on October 3,
2000 will be issued a certificate representing one additional share for each
share held on the record date, payable on October 20, 2000 (the issues date).
The stock split will increase the number of Common Stock shares outstanding from
approximately 4,100,000 shares to approximately 8,200,000 shares.
Joseph R. Mallon Jr., Chief Executive Officer, commented, "The stock split
follows an increase in the market price for Measurement Specialties Common Stock
over the last several months. The split will decrease the price per share,
broadening the distribution and improving the marketability of Measurement
Specialties Common Stock."
Mr. Mallon continued, "We have received an increasing number of requests from
shareholders to split our stock. We carefully consider and value inputs from
shareholders. Based upon our future outlook, we believe the split to be in the
best interest of all our shareholders."
Measurement Specialties (AMEX: MSS), designs, develops, produces, and sells
electronic sensors, and sensor-based, consumer products. Consumer products
include body-weight, kitchen, and postal scales, electronic tire pressure
gauges, parking aids, and distance estimators. Industrial products include
sensors for high volume, OEM
applications. Our products employ specialized application specific integrated
circuits (ASICs), and diverse sensor technologies based on micromachining (the
three-dimensional sculpting of silicon), MEMS (micro-electromechanical systems),
force balance, strain gage, capacitive, inductive, piezoresistive-micromachined,
and piezopolymer film, which provide accurate and efficient measurement,
resolution and display of ranges of distance, motion, fluid level, force,
displacement, angle, or pressure.
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended. Forward looking statements may be
identified by such words or phases as "will likely result", "are expected to",
"will continue", "is anticipated", "estimated", "projected", "may", or similar
expressions. The forward-looking statements above involve a number of risks and
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uncertainties. Factors that might cause actual results to differ materially
include: conditions in the general economy and in the markets served by the
Company; competitive factors, such as price pressures and the potential
emergence of rival technologies; interruptions of suppliers' operations
affecting availability of component materials at reasonable prices; timely
development and market acceptance, and warranty performance of new products;
success in identifying, financing and integrating acquisition candidates;
changes in product mix, costs and yields, fluctuations in foreign currency
exchange rates; uncertainties related to doing business in Hong Kong and China;
and the risk factors listed from time to time in the Company's SEC reports. The
Company is involved in an announced active acquisition program. Forward looking
statements do not include the impact of acquisitions, which could affect results
in the near term. Actual results may differ materially. The Company assumes no
obligation to update the information in this issue.
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