<PAGE>
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 1, 1998
SETECH, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-10310 11-2809189
(Commission File Number) (I.R.S. Employer Identification No.)
903 Industrial Drive, Murfreesboro, Tennessee 37129
(Address of Principal Executive Offices) (Zip Code)
(615) 890-1700
(Issuer's Telephone Number)
905 Industrial Drive, Murfreesboro, Tennessee 37129
(Former Address of Principal Executive Offices)
Item 5. Other Events
Effective September 1, 1998, Michael S. Burnham, Jr., ("Burnham") will no
longer serve as President or as a member of the Board of Directors of Lewis
Supply Company ("Lewis"), a wholly owned subsidiary of SETECH, Inc. ("SETECH"),
and at this time, SETECH has not named Burnham's succesor as President of Lewis
or his replacement on Lewis' board.
Commencing September 1, 1998, Burnham will render services to Lewis as an
independent contractor in order to assist with the transition resulting from
his departure. Burnham's independent contractor arrangement will expire
January 1, 1999.
By written agreement with SETECH (the "Agreement"), Burnham has agreed
that he will not directly or indirectly engage in any activity related to the
integrated industrial supply business until January 1, 1999, nor will he
directly or indirectly solicit existing customers or employees of Lewis or
SETECH until September 1, 1999. This Agreement is a modification of the
noncompete provisions of Burnham's Employment Agreement with SETECH.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
SETECH, INC.
Date: September 1, 1998 By/S/ THOMAS N. EISENMAN
Thomas N. Eisenman, President
