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): September 20, 1996
Commission File Number: 0-16454
Cimetrix Incorporated
(Exact Name of registrant as Specified in its Charter)
Nevada 87-0439107
(State or other jurisdiction (IRS Employer Identification
of incorporation Number)
or organization)
2222 South 950 East, Provo, 84606
Address of Principal Executive Offices (Zip Code)
Registrant's Telephone Number, Including Area Code:
(801) 344-7000
(Former name, former address, and former fiscal year, if changed since last
report)
Page 1 of 3 consecutively numbered pages.
Item 5. Other
Option Exercise - Director and Former Directors
On August 22, and 23, 1996, respectively, Mr. Samuel Shoen and Mr. Mark A.
Filippell, two former directors of the Registrant who did not stand for re-
election to the Board at the Annual Shareholders Meeting held August 24, 1996,
exercised their individual options to purchase 50,000 shares each of common
stock of the Registrant at an exercise price of $5.00 per share. The exercise of
these two options resulted in total cash proceeds to the Registrant of $500,000.
The shares have been purchased for investment purposes.
On September 11, 1996, Mr. Douglas Davidson, Chairman of the Board of the
Registrant, also exercised his option to purchase 50,000 common shares of the
Registrant at an exercise price of $4.00 per share, for total cash proceeds of
$200,000.
The options exercised above were registered pursuant to an S-8 Registration
Statement filed by the Registrant with the Securities and Exchange Commission
which became effective when filed on August 1, 1996.
Sale of Provo Facility
Pursuant to a decision approved by the Board of Directors to relocate the
Registrant's operations from the Provo, Utah area to Salt Lake City, Utah, on
September 19, 1996, the Registrant sold its current 18,500 square foot facility
to a group of non-related, third-party investors for a sale price of $1,275,000.
After deducting the expenses of the sale, cash proceeds to the Registrant were
approximately $1,140,000. The sale price represents a gain on the sale of the
property in excess of $400,000.
The decision to move the operations of the Registrant to Salt Lake City is based
upon the perceived advantages of being closer to a larger, more experienced
labor force for future recruiting necessities, and having easier access to an
international airport which would facilitate the ingress and egress of visitors
from out of state and country, and facilitate the travel of the Registrant's
own marketing and engineering personnel.
SIGNATURES
Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Dated: September 20, 1996 Cimetrix Incorporated
By /s/ Kitt R. Finlinson
Kitt R. Finlinson, Vice-President (Chief Finan-
cial Officer and Chief Accounting Officer)
