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 21, 1999
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.)
842 Bennie Road, Cortland, New York 13045
(Address of principal executive offices) (zip code)
(607) 753-6011
(Registrant's telephone number, including area code)
Item 5 Other Events
DESCRIPTION OF TRANSACTION
On July 21, 1999, Smith Corona Corporation announced that it had
signed a licensing agreement for various office products under the
Smith Corona brand name with Office Depot.
A copy of the July 1, 1999 press release announcing the above event is
attached hereto as exhibit 99.1, and is incorporated herein by
reference.
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 thereunto duly authorized.
SMITH CORONA CORPORATION
Date: July 30, 1999
/s/ Martin D. Wilson
Martin D. Wilson
Senior Vice President and
Chief Financial Officer
(Principal Financial/Accounting Officer
INDEX TO EXHIBIT
Exhibit No. Description
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99.1 News Release
Exhibit 99.1
Contact: Rivian Bell
JDI Communications, Inc.
(310) 827-2327
(888) 477-4319 (24-hours)
[email protected]
FOR IMMEDIATE RELEASE
SMITH CORONA, OFFICE DEPOT ANNOUNCE LICENSING AGREEMENT
FOR SMITH CORONA-BRANDED OFFICE PRODUCTS
CORTLAND, N.Y. - July 21, 1999 - Smith Corona Corporation
(NASDAQ:SCCO) and Office Depot, Inc. (NYSE: ODP) today announced that they have
signed a licensing agreement for various office products under the Smith Corona
brand name. The branded products for Office Depot will be offered
independently of other products marketed by Smith Corona, such as its
typewriters, headsets, and related accessories and supplies.
"This is a very exciting opportunity for our two companies to
participate in a new venture that maximizes each company's strengths," stated
John A. Bermingham, president and chief executive officer of Smith Corona.
"Smith Corona will receive substantial marketing exposure from Office Depot's
planned advertising and support for the new products, some of which will appear
as early as this fall. We have said repeatedly that the Smith Corona brand
name has value in the marketplace and we are excited that Office Depot will
utilize the Smith Corona brand name for these products. With Office Depot's
retail stores, Viking catalog business, and multi-billion-dollar sales capacity
behind the Smith Corona branded products, we have every reason to believe the
products will be highly successful."
"Office Depot is pleased to partner with Smith Corona, one of the
most respected business machine companies in the world, to offer a variety of
top-quality office products to our customers whether they shop in-store, online
or by catalog," said Charles Tyson, vice president and divisional merchandise
manager. "This is just one more way that Office Depot is taking care of
business by taking care of customers."
Smith Corona Corporation is dedicated to providing information
solutions through new and emerging technology products in addition to marketing
and developing its traditional electronic typewriters and related accessories
and supplies. Smith Corona can also be reached electronically at
www.smithcorona.com.
Office Depot, Inc. is the world's largest seller of office products, now
with 779 stores throughout the United States, Canada, France, and Japan. The
company also operates a national business-to-business delivery network and an
award-winning U.S. public website (www.officedepot.com), which is open for
business 24 hours a day, seven days a week. Office Depot's common stock is
listed on the New York Stock Exchange under the symbol ODP.
Certain matters discussed in this news release constitute forward
looking statements which are estimates by the company's management of future
performance and are subject to a variety of risks and uncertainties that could
cause results to differ from management's current expectations.
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