UNITED STATES
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): July 12, 1999
Commission File Number: 0-18929
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INTERNATIONAL SEMICONDUCTOR CORP.
(Exact name of registrant as specified in its charter)
Nevada 13-3432594
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
11300 W. Olympic, Los Angeles, California 90064
(Address of principal executive offices) (Zip Code)
(562) 425-2376
(Issuer's telephone number, including area code)
N/A
(Former name, former address and former fiscal year,
if changed since last report)
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Item 1. Changes in Control of Registrant
The board of directors, after multiple delays and unsatisfied commitments,
has determined to cancel the tentative acquisition previously entered into
between the Company and DataPower, effective July 9, 1999.
Following cancellation of the DataPower Letter of Intent, the Board then
considered a prospective Merger with SemcoLABS, Inc. ("Semco"), a Florida
corporation engaged in the business of sanitary testing and compliance in the
Food and Beverage industry, with the specific target market of retail food
services establishments. Semco is presently working for and negotiating with
several major restaurant food chains for weekly compliance testing, conducted
on a spot or "no notice" basis, and has two prospective licensees under
consideration for the greater Los Angeles and Dallas-Ft. Worth statistical
metropolitan areas.
Semco will grant licenses to foreign territories, based upon regulatory
requirements existing in those countries and jurisdictions. Currently,
Australia, South Africa and Israel are being proposed by foreign corporations
as territories to be subject to license.
The Board will conclude its study of the Semco Merger on or before
Wednesday, July 14, 1999, and vote for final ratification of the Letter of
Intent on that date.
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 hereunto duly authorized.
Date: July 12, 1999 /s/ Robert M. Terry
Robert M. Terry, President
/s/ Jerome Saver
Jerome Saver, Chief Financial Officer
