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 16, 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 has approved the proposed merger with SemcoLABS,
Inc., a Florida corporation ("Semco"). Semco is engaged in the business of
monitoring sanitation and bacteria levels for the control of foodborne illness
at specific critical control points in the food service industry.
SemcoLABS' service is compliant with the newly issued 1999 food code
covering Hazard Analysis of Critical Control Points or "HACCP". Semco also
provides an educational support system for food safety services, which includes
HACCP plans, food safety training and third-party audits. With their unique
computerized monitoring service, provided on site, Semco offers cost-efficient
monitoring and auditing services to even the smallest food service facility for
as little as $99 per month. Semco's system allows a food service facility to
actually view and measure bacteria, sanitation levels and employee performance
in real-time numbers and computer printouts within 15 seconds. Food service
facilities can track the effectiveness of sanitizers, employee cleaning
methods, bacterial growth and performance of normal operating procedures.
Under the terms of the merger, the current shareholders of Semco will own
approximately 85% of the corporation and will provide all day-to-day
management. The President of the company will be Gary Kaplan, and the Chief
Financial officer will be Gary Rosen. Robert Terry will remain as the Chairman
of the Board for the near future.
Semco's clients include major Wholesale Food Distributors and Processing
Plants, Bar Harbor Lobster Company, and the Mutual Wholesale meat processing
company; and the Hooters, Boston Lobster Fest and Sobiks restaurant chains.
Semco will be expanding with licensed territories in Los Angeles, Dallas,
Chicago and Atlantic City and is currently in negotiations for licensing rights
internationally with parties in Israel, the United Kingdom, South Africa and
Australia.
The merger is to be completed within 10 business days.
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 16, 1999 /s/ Robert M. Terry
Robert M. Terry, President
Date: July 16, 1999 /s/ Jerome Saver
Jerome Saver, Chief Financial Officer
