SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) January 20, 1998
SIMTEK CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 0-19027 84-1057605
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1465 Kelly Johnson Boulevard
Colorado Springs, Colorado 80920
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(Address of principal executive offices) (Zip Code)
Registrant's telephone, including area code: (719) 531-9444
Not applicable
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Former name or former address, if changed since last report
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Item 5: Other Information:
The Registrant issued the following press release, dated January 12, 1998,
regarding the appointment of Douglas Mitchell as its President and Chief
Executive Officer and a director:
FOR IMMEDIATE RELEASE
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SIMTEK CORPORATION APPOINTS
CHIEF EXECUTIVE OFFICER
COLORADO SPRINGS, Colorado - January 12, 1998 - Simtek Corporation
today announced the appointment of Mr. Douglas Mitchell as its President and
Chief Executive Officer, effective January 1, 1998. He will also join Simtek's
Board of Directors.
Mr. Mitchell joined Simtek in July 1997 as its Chief Operating Officer,
reporting to Dr. Richard Petritz, the company's founder. Prior to joining the
company he held senior management positions at Array Microsystems, SGS-Thomson
Microelectronics, Inmos, Motorola and Texas Instruments. Dr. Petritz will remain
in his positions as Chairman of the Board and Chief Financial Officer
concentrating on matters of long range planning and direct dealing with the
financial community.
"Doug and I have worked very well together on many issues regarding
vendors, customers and company operations. His creative leadership is resulting
in expanded market development and improved operating efficiencies. I have
complete confidence in his ability to lead the company during this growth period
in its development and I am pleased to have someone with his experience take the
helm," stated Dr. Petritz.
"I am eager to accept the challenge of my new roles within the company. Our
efforts to develop a strong market for our new 256K nvSRAM product family should
result in strong growth in the new year," stated Doug Mitchell. "Simtek's
improving cost structure and new products give us the opportunity to expand our
sales into larger markets."
Simtek Corporation develops, produces and markets high performance
nonvolatile semiconductor memories. Information on Simtek products can be
obtained from its web page www.simtek.com, email [email protected] or by calling
(719) 531-9444 or FAX (719) 531-9481. The company is headquartered in Colorado
Springs, Colorado, with international sales and marketing channels. Simtek is
listed under the symbol SRAM on the OTC Electronic Bulletin Board.
For more information contact:
Communications Department
Simtek Corporation
1465 Kelly Johnson Boulevard
Colorado Springs, CO 80920
(719) 531-9444; Fax (719) 531-9481
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SIGNATURE
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 and hereunto duly authorized.
SIMTEK CORPORATION
/s/Richard L. Petritz
January 20, 1998 By:_______________________________________
RICHARD L. PETRITZ
Chief Financial Officer
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