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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 Act of 1934
Date of Report (Date of earliest event reported) September 2, 1999
Commission File #0-18018
AEROVOX INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 76-0254329
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(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification No.)
740 Belleville Avenue, New Bedford, MA 02745
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(Address of principal executive offices) (Zip Code)
(508) 994-9661
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Registrant's telephone number
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ITEM 5. OTHER EVENTS
On September 2, 1999, Aerovox Inc.("the Company") reported (copy of press
release attached) that it has named independent management consultant, Martin A.
Zelbow as interim Chief Financial Officer.
Mr. Zelbow will temporarily fill the position vacated by Jeffrey A. Templer
until a permanent replacement is hired.
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 thereunto duly authorize;
AEROVOX INCORPORATED
DATE September 17, 1999 BY /S/ ROBERT D. ELLIOTT
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Robert D. Elliott, President and
Chief Executive Officer
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FOR IMMEDIATE RELEASE Contact: Lauren Belliveau
Communications Specialist
(508) 910-3673
Templer Resigns as Aerovox CFO
Aerovox Hires Martin A. Zelbow as Interim CFO
NEW BEDFORD, MA - (September 2, 1999) Aerovox Incorporated (Nasdaq/NM: ARVX)
announced today it has named independent management consultant, Martin A.
Zelbow, as interim Chief Financial Officer.
Mr. Zelbow, who specializes in contract CFO assignments for technology-driven
companies, will temporarily fill the position vacated by Jeffrey A. Templer
until a permanent replacement is hired.
Mr. Zelbow comes to Aerovox after serving as interim CFO at 17 private and
publicly traded companies. He earned his MBA from the Tuck School at Dartmouth
College and is a Certified Public Accountant.
"With his extensive experience in interim CFO positions, Martin will be an asset
to our company during this period of transition. I am confident that his
knowledge and professionalism will provide for a smooth changeover as we search
for a new CFO," said President and Chief Executive Officer, Robert D. Elliott.
Mr. Templer, who resigned to pursue another opportunity, will continue to serve
Aerovox on a consulting basis.
Aerovox Incorporated is a leading manufacturer of film, paper and aluminum
electrolytic capacitors. The company sells its products worldwide principally
to original equipment manufacturers of electrical and electronic equipment.
Aerovox operates plants in New Bedford, MA; Huntsville, AL; Juarez and Mexico
City, Mexico and Weymouth, England.
