THERMO INSTRUMENT SYSTEMS INC
8-K, 1999-05-25
MEASURING & CONTROLLING DEVICES, NEC
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                       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):

                                  May 24, 1999

                      ----------------------------------------


                         THERMO INSTRUMENT SYSTEMS INC.
             (Exact name of Registrant as specified in its charter)


Delaware                      1-9786                                 04-2925809
(State or other               (Commission                      (I.R.S. Employer
jurisdiction of               File Number)                       Identification
incorporation or                                                         Number)
organization)


860 West Airport Freeway
Suite 301
Hurst, Texas                                                              76054
(Address of principal executive offices)                              (Zip Code)


                                (817) 485-6663
                         (Registrant's telephone number
                              including area code)



<PAGE>









Item 5.  OTHER EVENTS.

      On May 24, 1999, Thermo Instrument Systems Inc. (the "Registrant")  issued
a press release  announcing that it expects to record a write-down in the second
quarter  of 1999 for any  decline  in value,  from the fair  value of $20.35 per
share at the time of acquisition, of its investment in FLIR Systems, Inc. common
stock.  The  closing  price per share of FLIR  common  stock on May 21, 1999 was
$13.38.  The Registrant had acquired  4,162,000 shares of FLIR common stock as a
consequence   of  its  February  1999   acquisition   of   Spectra-Physics   AB.
Spectra-Physics  AB had owned the FLIR shares  prior to its  acquisition  by the
Registrant.


Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)      Financial Statements of Business Acquired: Not applicable.

         (b)      Pro Forma Financial Information: Not applicable.

         (c)      Exhibits: Not applicable.



<PAGE>




                                    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, thereunto duly authorized, on this 24th day of May, 1999.



                                                 THERMO INSTRUMENT SYSTEMS INC.


                                                   By: /s/ Theo Melas-Kyriazi
                                                       ------------------------
                                                       Theo Melas-Kyriazi
                                                       Chief Financial Officer


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