SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Under to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 8, 1996
Commission File Number: 0-16454
CIMETRIX Incorporated
(Exact Name of Registrant as Specified in its Charter)
Nevada 87-0439107
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
2222 South 950 East, Provo, Utah 84606
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(801) 344-7000
(Former name, former address, and formal fiscal year, if changed
since last report)
Page 1 of 4 consecutively numbered pages.
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Item 5. Other
Investment Banker Engaged
In an agreement signed January 8, 1996, the Registrant engaged Cowen &
Company ("Cowen") to act as the Registrant's investment banker. The
Registrant intends to explore with Cowen the possibility of
establishing strategic and financial relationships with one or more
companies, which may include the sale or merger of the Registrant.
The term of this engagement extends through December 31, 1996.
Changes in the Board of Directors
On December 15, 1995, the Board of Directors elected Dr. Ron Lumia as
a new director to the Board of the Registrant, effective January 1,
1996 and until the election of directors at the next annual
Shareholders' meeting.. Dr. Lumia is a Professor in the Mechanical
Engineering Department of the University of New Mexico. From 1986
through 1994, Dr. Lumia served as Group Leader at the National
Institute of Standards and Technology (NIST), performing research in
the areas of advanced automation, robotics, machine vision, and
systems integration. Previously, he taught at ESIEE (Paris, France),
Virginia Tech, and the National University of Singapore, where he
consulted for a variety of companies. Dr. Lumia received a Bachelor
of Science degree from Cornell University and an M.S. and Ph.D. from
the University of Virginia, all in electrical engineering. He is
the author of over 100 technical papers.
In connection with his compensation for service as a Board member,
the Registrant restructured its obligations under a previous option
agreement negotiated with Mr. Lumia pursuant to a consulting agreement
dated July 15, 1995. In exchange for Mr. Lumia's release of the
Registrant from its previous obligations, the Registrant has granted
him non-qualified options to purchase 40,000 shares of restricted
common stock at $5.00 per share, which will vest immediately.
On January 12, 1996, Paul A. Bilzerian resigned as a member of the
Board of Directors. However, Mr. Bilzerian will continue to act as
a management consultant to the Registrant.
<PAGE>
New Vice President of Sales
Effective January 1, 1996, the Registrant has employed a new vice
president of sales and marketing, filling a vacancy that has been
open since mid-October 1995. Mr. Robert H. Reback was previously
employed as the District Manager for Fanuc Robotics, Inc., one of
the largest suppliers of industrial robots in North America. Prior
to working with Fanuc, Mr. Reback was employed as Director of Sales
and Marketing for Thesis Group, Inc., a supplier of MES software to
the electronics industry. Previously, Mr. Reback was employed as a
Senior Engineer with Texas Instruments where he was responsible for
implementing robotics and other technologies into state-of-the-art
flexible manufacturing systems. Mr. Reback has a BSME and an MSIE
from Purdue University.
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SIGNATURES
Pursuant to the requirements of section 13 or 15(d) of the
Securities Exchange of 1934, as amended, the Registrant has duly
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Dated: January 15, 1996 CIMETRIX INCORPORATED
By /s/ Kitt R. Finlinson
Kitt R. Finlinson, Vice-President
(Chief Financial Officer and
Chief Accounting Officer)
