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): November 20, 1995
SMITH CORONA CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-10281 51-0286862
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
65 Locust Avenue, New Canaan, Connecticut 06840
(Address of principal executive offices) (zip code)
(203) 972-1471
(Registrant's telephone number, including area code)
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Item 5. Other Events
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On November 20, 1995, Smith Corona Corporation ("Smith
Corona") issued a press release announcing that it has terminated
the agreement reached on October 24 to sell its business to a group
led by Southport, CT-based Empire Capital Corporation. Smith
Corona said the action was taken because Empire did not fulfill
certain contractual requirements necessary for the transaction to
be completed. Discussions with other parties which have expressed
interest in acquiring Smith Corona will continue. Smith Corona
filed under Chapter 11 on July 5, 1995.
A copy of the press release is attached hereto as exhibit 99.1
and is incorporated herein by reference.
<PAGE>
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 hereunto duly authorized.
Date: December 4, 1995 SMITH CORONA CORPORATION
By: /S/ John A. Piontkowski
John A. Piontkowski
Senior Vice President,
Chief Financial Officer and
Treasurer (Principal Financial
Officer)
By: /s/ Martin D. Wilson
Martin D. Wilson
Controller (Principal
Accounting Officer)
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 News Release
EXHIBIT 99.1
News Release
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Sitrick and Company, Inc.
Los Angeles/New York
Contact: Sitrick and Company, Inc.
Richard Wool
(212) 755-2850
For Immediate Release
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Rivian Bell
(310) 788-2850
SMITH CORONA TERMINATES SALE AGREEMENT WITH EMPIRE CAPITAL;
SAYS TALKS WITH OTHER PARTIES WILL CONTINUE
NEW CANAAN, CT -- November 20, 1995 -- Smith Corona
Corporation (NYSE:SCO) announced today that it has terminated the
agreement reached on October 24 to sell its business to a group
led by Southport, CT-based Empire Capital Corporation. The
company said the action was taken because Empire did not fulfill
certain contractual requirements necessary for the transaction to
be completed.
Ronald F. Stengel, Smith Corona's chief executive officer,
said, "We are disappointed that we cannot move forward with
Empire Capital Corporation at this time. However, management is
continuing discussions with other parties which have expressed
interest in acquiring our ongoing business."
Smith Corona filed under Chapter 11 on July 5, 1995. The
Company is a leading worldwide manufacturer and marketer of
personal word processors, portable electric typewriters, fax
machines, label printers, and other products and accessories for
use in the office, home and school.
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