SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange of 1934
Date of Report June 6, 1996
DCX, Inc.
(Exact name of registrant as specified in its charter)
Colorado 0-14273 84-0868815
(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
3002 North State Highway 83, Franktown, CO 80116-0569
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 688-6070
Not Applicable
(Former name or former address, if changed since last report)
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Item 5, Other Events.
Termination of Proposed Acquisition of Airtech International Corporation. The
Company reports that on June 6, 1996, it terminated the Letter of Intent dated
May 17, 1996 and an Agreement in Principle dated June 5, 1996, with Airtech
International Corporation of Dallas, Texas. The instruments were terminated as a
result of the Company's continuing due diligence efforts.
Annual Shareholders' Meeting.
The Company also reports that on June 7, 1996, at the annual meeting of
shareholders of DCX, Inc., the following individuals were reelected to the Board
of Directors to serve until the next annual shareholders' meeting and their
successors are elected or until their earlier death, resignation or removal. The
results were:
John G. Anderson, 3,783,446 votes for and 24,861 votes withheld.
Jeanne M. Anderson, 3,782,212 votes for and 26,095 votes withheld.
Stephen Carreker, 3,785,330 votes for and 22,977 votes withheld.
Frederick G. Beisser, 3,785,450 votes for and 22,857 votes withheld.
During the annual meeting of shareholders, it was noted that the Small Business
Administration recently agreed to extend its note with the Company for twelve
months postponing the need for a payoff. Also during the meeting the President
and Chief Executive Officer of the Company reported that the Company has
experienced two fiscal quarters of solid revenue and earnings. The Company has a
contract backlog of $8.0 million with $5.0 million of uncompleted work and
expects the momentum to continue. The President also indicated the Company will
continue with its plan to diversify through product development and the
acquisition of one or more companies.
Annual Board of Directors' Meeting.
The Company further reports that at the Annual Directors' Meeting following the
Annual Shareholders' Meeting, the Board reelected John G. Anderson as Chairman
of the Board.
The Board increased its members to five and appointed a new director, D. Scott
McReynolds who was also designated Vice President - General Manager. Mr.
McReynolds, 32, joined the Company in 1991 as an industrial engineer; he was
subsequently promoted to Quality Assurance Manager and became Acting General
Manager in December, 1995. He holds a Bachelor of Science in Industrial
Engineering from Southern Illinois University.
Other officers of the Company continuing in their present positions are:
Jeanne M. Anderson, President and Chief Executive Officer
Wayne A. Wilson, Vice President - Technical Operations
William A. Walters, Vice President - Manufacturing
Frederick G. Beisser, Chief Financial Officer, Secretary and Treasurer
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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.
DCX, Inc.
(Registrant)
June 11, 1996 /S/ FREDERICK G. BEISSER
--------------------------------
(Signature)
Frederick G. Beisser
Secretary, Treasurer &
Chief Financial Officer
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