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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
December 18, 1996
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Date of Report
(Date of Earliest Event Reported)
TOPRO, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 0-19167 84-1042227
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) I. D. Number)
2525 West Evans Avenue, Denver, Colorado 80219
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(Address of principal executive offices) (zip code)
(303) 935-1221
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
Information concerning the Company's subsidiary receipt of letter of
intent for a semi-conductor fabrication plant being built by Matsushita in
Washington state and other events incorporated by reference from the Company's
Press Release dated December 14, 1996, which is filed as Exhibit 20.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits. The following exhibits are filed with this Report:
20.1 Press Release dated December 18, 1996
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Topro, Inc.
Date: December 18, 1996 By: /s/ John Jenkins
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John Jenkins
President and CEO
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INDEX TO EXHIBITS
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EXHIBIT
NUMBER DESCRIPTION
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20.1 Press Release dated December 18, 1996
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DRAFT 2
FOR IMMEDIATE RELEASE: NEWS
- ---------------------- Nasdaq Small Cap - TPRO
December 18, 1996
TOPRO SUBSIDIARY RECEIVERS LETTER OF INTENT FOR
$3.3 MILLION CONTROL SYSTEM PROJECT
Topro's Act Subsidiary Given Immediate Authorization To Proceed
On Project For Matsushita Semi-Conductor America
DENVER, Colorado -- Topro, Inc. (Nasdaq-TPRO), a leading provider of automation
and information technology solutions to industry, today announced the Company
has received a letter of intent for a $3.3 million contract from Matsushita
Semi-Conductor of America.
The letter of intent provides authorization to begin work immediately on a
control system for a semi-conductor fabrication plant being built by Matsushita
in Washington state.
"This is the third significant contract secured by the Company in the
semi-conductor fabrication market in the past twelve months and is validation
of our strategy that combines vertical market focus with national operating
scope." said John Jenkins, CEO of Topro.
"This project will be executed out of our Albany, Oregon, facility, which is
very near the Matsushita facility." he said. "This local presence, in
combination with the quality of our product and size of our combined resource
base, was critical to the customer's decision-making process."
Topro acquired Albany, Oregon-based ACT in March 1996. The purchase was the
second of three key acquisitions Topro has made in the past 17 months. Also
acquired were MDCS of Atlanta, Ga. and Vision Engineering of Cyprus, Calif.
Topro recently signed a letter of intent to acquire a fourth business --
All-Control Systems of West Chester, Pa. The acquisition is expected to be
completed by year end.
Statements made in this news release that are not historical facts may be
forward looking statements. Actual events may differ materially from those
projected in any forward looking statement. There are a number of important
factors beyond the control of the Company that could cause actual events to
differ materially from those anticipated by any forward looking information. A
description of risks and uncertainties attendant to Topro and its industry and
other factors which could affect the Company's financial results are included
in the Company's Securities and Exchange Commission Filings.
o o o
CONTACTS:
Topro, Inc. Pacific Consulting Group
John Jenkins, CEO Scott LioHos
303/935-1221 714/574-3860
