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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
FILED PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): NOVEMBER 22, 1999
SYRATECH CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-12624 13-3354944
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NUMBER)
175 MCCLELLAN HIGHWAY
EAST BOSTON, MA
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (617) 561-2200
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FORM 8-K
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 22, 1999, Syratech Corporation through an indirect
wholly-owned real estate trust ("Seller") sold its warehouse property located at
135 American Legion Highway, Revere, Massachusetts to Lyme Properties, LLC
("Buyer") for a price of $29,110,000.00. Simultaneously with the sale of the
property, the Buyer leased back to an affiliate of Seller a portion of the
Building representing approximately 239,000 square feet for a period of one
year.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Company has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: December 7, 1999 SYRATECH CORPORATION
By: /s/ AMI A. TRAUBER
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Name: Ami A. Trauber
Title: Vice President and
Chief Financial Officer
