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 8, 1998
NUMEREX CORP.
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(Exact name of registrant as specified in its charter)
New York 0-22920 11-2948749
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(State of other jurisdiction (SEC File Number) (IRS Employer
of incorporation) Identification No.)
100 Four Falls Corporate Center, Suite 407, Route 23 and Woodmont Road
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West Conshohocken, PA 19428-2961
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(Address of principal executive offices)
Registrant's telephone number, including area code (610) 941-2844
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Numerex Corporation announced on July 8, 1998 that John J. Reis, having
completed his initial assignment, for personal reasons, has decided to step down
as President, Chief Executive Officer and as a Director of the Company. Gordon
T. Ray has been appointed to serve as Chairman of the Board of Directors and as
acting Chief Executive Officer of the Company. Mr. Kenneth Manser, who
previously served as Chairman of the Company, will remain as a Board member. Mr.
Manser steps down as Chairman to devote full time to the development of the
Derived Channel business in foreign markets. Mr. Reis will consult with the
Company during a transitionary period.
Gordon T. Ray has served as a Director of the Company since October
1995. Mr. Ray is currently President of Global Information, Ltd., a technology
marketing consulting company. Prior to that, he served as Executive Vice
President of NEC America, an equipment manufacturing company. Mr. Ray is also a
director of the Telecommunication Industry Association and a member of the board
of governors of the Electronic Industries Alliance, trade associations for
communication and electronic manufacturing companies, respectively.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NUMEREX CORP.
DATE: July 15, 1998 By: /s/ Charles L. McNew
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Charles L. McNew, Vice President
and Chief Financial Officer
