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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
July 22, 1997
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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.
On July 22 and July 24, 1997 Topro, Inc. publicly announced information
concerning business developments via Press Releases, which are filed as
Exhibit 20.1 and 20.2 hereto and incorporated by this reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits. The following exhibit is filed with this Report:
20.1 Press Release issued July 22, 1997
20.2 Press Release issued July 24, 1997
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: July 24, 1997 By: /s/ Douglas H. Kelsall
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Douglas H. Kelsall
Vice President and CFO
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EXHIBIT 20.1
- -------------------------------JOINT PRESS RELEASE------------------------------
TOPRO INC.
Topro, Inc. For 4:01 EST release
2525 Evans Ave. July 22, 1997
Denver, CO 80219
TOPRO, INC. BRINGS PROMINENT INDUSTRY EXECUTIVE, LARRY
HAGEWOOD, TO SENIOR VP, SALES AND MARKETING POSITION
Tuesday, July 22 -- Topro, Inc. (NASDAQ:TPRO) announced today that Larry
Hagewood will be joining the Company as Senior VP, Sales and Marketing. Mr.
Hagewood brings over twenty-five years of experience in domestic and
international markets for delivering both control and manufacturing execution
systems. Mr. Hagewood comes to Topro, Inc. from Elsag Bailey Group where he
was Vice President with responsibilities for business development of their
global systems.
Mr. Hagewood also served Elsag Bailey as Vice President, US Sales and
Marketing in addition to Vice President, Corporate Strategic Marketing.
During his six year tenure as part of the senior management team, Elsag
Bailey grew from a $350 million company, principally based in the United
States, to a major global corporation with sales greater than $2 billion and
offices located in 25 countries.
During Mr. Hagewood's career, he has served as President and Chief Operating
Officer of the Paragon Group, a systems integration company specializing in
SAP integration services, and as Vice President, International Operations,
for Aeonic Systems, a supplier of Computer Integrated Manufacturing (CIM)
systems. Mr. Hagewood has also received significant recognition from industry
peers for his market vision as well as his technical design of revolutionary
control systems.
"We are very pleased to have Mr. Hagewood join our executive management team
at this time as we are rolling out PLANTY2KONE-TM-, our year 2000 product,"
states John Jenkins, CEO of Topro, Inc. "In addition to using his extensive
background in the automation industry to drive our revenue growth, he will
lead our efforts to become the dominant supplier of Manufacturing Execution
Systems (MES) in the United States as well as to develop our strategy to
penetrate international markets."
Mr. Hagewood will join Topro, Inc. in early August as soon as he transfers
his responsibilities with Elsag Bailey.
CONTACT:
Pacific Consulting Group, Inc.
Scott Liolios
(714) 574-3860
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EXHIBIT 20.2
- -------------------------------JOINT PRESS RELEASE------------------------------
For Immediate Release July 24, 1997
PACIFIC SUBSIDIARY, TOPRO, INC.
TO FORM MARKETING ALLIANCE
July 22, 1997 -- PacifiCorp Energy Services, Inc. (PES), a subsidiary of
PacifiCorp Holdings, Inc., Portland, Oregon, and Topro, Inc., d.b.a. TAVA
Technologies, (Nasdaq:TPRO) Denver, Colorado, announced today, the signing of
a letter of intent to form a cooperative marketing alliance. The alliance
will offer products and services to electronic utilities to optimize
automation and information systems in substations and distribution facilities.
PES initiates, develops and markets new electronic energy products and
services to give customers more control over their energy use and
requirements. PacifiCorp Energy Site Services, a division of PES specializing
in automation and high-voltage distribution systems, will administer
PacifiCorp's participation in the alliance.
TAVA is the nation's largest independent information technology system
integrator with significant experience in substation automation, SCADA
systems, and redundant and fault tolerant control schemes.
"We are extremely pleased to be part of this alliance with PES," said John
Jenkins, CEO of TAVA. "Our companies have already teamed up on several
commercial proposals in the substation automation market and see significant
opportunity both in domestic and international markets."
"This alliance is a great fit, pairing the experience and expertise of
PacifiCorp in the substation technology field and the dominance of TAVA as a
systems integrator," stated Wayne Revelle, Director of PacifiCorp Energy Site
Services. "Our companies are now positioned to compete more strongly than
ever in the substation/distribution automation and SCADA fields."
CONTACTS:
TOPRO, INC. @ PACIFICORP HOLDINGS
PACIFIC CONSULTING GROUP KELLY DURON
SCOTT LIOLIOS (503) 464-6279
(714) 574-3860
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