SUMMIT TECHNOLOGY INC
10-C, 1995-12-07
COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH
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<PAGE>   1



                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC  20549

                                  FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                         INTERDEALER QUOTATION SYSTEM
                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                             OR 15d-7 THEREUNDER


                           SUMMIT TECHNOLOGY, INC.
        -------------------------------------------------------------
                (Exact name of issuer as specified in charter)

               21 HICKORY DRIVE, WALTHAM, MASSACHUSETTS  02154
        -------------------------------------------------------------

Issuer's telephone number, including area code (617) 890-1234
                                               ----------------------

                  I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1.    Title of security  Common Stock, $.01 par value
                         --------------------------------------------

2.    Number of shares outstanding before the change  19,450,945
                                                      ---------------

3.    Number of shares outstanding after the change   29,176,191
                                                      ---------------

4.    Effective date of change:  December 1, 1995
                                 ------------------------------------

5.    Method of change:  Specify method (such as merger, acquisition,
                         stock split, reverse split, acquisition of stock
                         for treasury, etc.)  Stock Dividend
                                              ------------------------------

Give brief description of transaction  Stock dividend of one share for every
                                       -------------------------------------
two shares issued and outstanding.
- ---------------------------------

                        II.  CHANGE IN NAME OF ISSUER

1.    Name prior to change  N/A
                            -----------------------------------------

2.    Name after change  N/A
                         --------------------------------------------

3.    Effective date of charter amendment changing name  N/A
                                                         ------------

4.    Date of shareholder approval of change, if required  N/A
                                                           ----------

DATE:  December 6, 1995        /s/ Peter E. Litman
                               --------------------------------------
                               Peter E. Litman, Executive Vice
                                    President



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