SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
September 29, 1998
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THERMOTREX CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-10791 52-1711436
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
10455 Pacific Center Court
San Diego, California 92121
(Address of principal executive offices) (Zip Code)
(619) 646-5300
(Registrant's telephone number
including area code)
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This Form 8-K contains forward-looking statements that involve a number of
risks and uncertainties. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements
include those set forth under the heading "Forward-looking Statements" in
Exhibit 13 to ThermoTrex Corporation's Annual Report for the fiscal year ended
September 27, 1997. These include risks and uncertainties relating to: product
development and commercialization, market acceptance, government regulation and
healthcare reform, patient reimbursement, competition, management of growth,
ability to attract qualified personnel, intellectual property rights and
litigation, product liability, dependence on significant OEM relationships,
risks associated with ThermoTrex's acquisition and spinout strategies, and the
potential impact of the year 2000 on processing date-sensitive information.
Item 5. Other Events
On September 29, 1998, ThermoTrex Corporation ("ThermoTrex") issued
a press release announcing that its ThermoLase Corporation ("ThermoLase")
subsidiary will record aftertax restructuring and other charges totaling
approximately $15 million in its fourth fiscal quarter, ending October 3,
1998. ThermoLase will incur a charge of approximately $8.3 million as a
result of its decision to close three of its domestic Spa Thira locations
along with the spa in France. In addition, ThermoLase will incur a charge
of $6.7 million to write off certain tax assets, primarily loss carryforwards.
These charges will reduce fourth quarter 1998 diluted earnings per share by
approximately $.79. ThermoTrex estimates that these actions will result in
fiscal 1999 operating savings of approximately $2 million.
ThermoLase will close its spas in Miami and Palm Beach, Florida, and in La
Jolla, California. The remaining 11 domestic spas will be converted into
full-service, luxury day spas, under the Greenhouse name.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits: not applicable.
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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 authorized, on this 29th day of September, 1998.
THERMOTREX CORPORATION
By:/s/ Kenneth J. Apicerno
Kenneth J. Apicerno
Treasurer
