SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of: January, 2000
SPECTRUM SIGNAL PROCESSING INC.
(Registrant's Name)
One Spectrum Court, 2700 Production Way, Suite 200
Burnaby, British Columbia, Canada V5A 4X1
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g30-2(b): 82-__________.
<PAGE>
FORM 27
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE SECURITIES ACT
----------------------------------------------------------------
(BRITISH COLUMBIA)
------------------
MATERIAL CHANGE REPORT UNDER SECTION 74 OF THE SECURITIES ACT
-------------------------------------------------------------
(ONTARIO)
---------
ITEM 1 Reporting Issuer
Spectrum Signal Processing Inc.
#200 One Spectrum Court
2700 Production Way
Burnaby, B.C.
Telephone: (604)421-5422
ITEM 2 Date of Material Change
January 6, 2000
ITEM 3 Press Release
January 6, 2000
Burnaby, British Columbia
ITEM 4 Summary of Material Change
The Company announced the appointment of Pascal Spothelfer as its new President
and CEO, effective immediately.
ITEM 5 Full Description of Material Change
ITEM 6 Confidential Report
N/A
ITEM 7 Omitted Information
N/A
ITEM 8 Senior Officers
----------------
Martin McConnell
Chief Financial Officer
<PAGE>
ITEM 9 Statement of Senior Officer
------------------------------
The foregoing accurately discloses the material change referred to herein.
DATED at Vancouver, B.C. this 14th day of January, 2000.
/s/Martin McConnell
------------------
MARTIN McCONNELL,
Chief Financial Officer
<PAGE>
SCHEDULE "A"
DSP SYSTEMS WORLDWIDE
---------------------
SPECTRUM
F O R . I M M E D I A T E . R E L E A S E
- -----------------------------------------------------------------
RELEASE DATE: January 6, 2000
CONTACT: Karen Elliott, Spectrum - Investor Communications,
604-421-5422
Email: [email protected]
SPECTRUM SIGNAL PROCESSING APPOINTS NEW CEO
BURNABY, B.C., CANADA - JANUARY 6, 2000 - Spectrum Signal Processing Inc.
(NASDAQ: SSPI / TSE:SSY), a world leader in multiprocessing digital signal
processing (DSP) systems, today announced the appointment of Pascal Spothelfer
as Spectrum's new President and CEO. Mr. Spothelfer's appointment is effective
immediately.
"Mr. Spothelfer's appointment aligns Spectrum's existing strengths in its
technology and its people with an individual who is a skilled strategist and a
strong leader both operationally and in the area of managing change. I am
excited to be working with Pascal as Spectrum focuses on key growth markets
where we can leverage our core competencies and take advantage of substantial
growth opportunities going forward," said Ken Spencer, Chair, Spectrum Signal
Processing. "The Board of Directors will also be seeking opportunities over the
next six months to appoint new Directors, whose expertise will complement our
more focused strategy and ensure that we have the strongest team assembled at
all levels of the Company," he added.
Mr. Spothelfer's experience includes managing all aspects of strategic
development, including joint venture activities and merger and acquisition
planning as Senior Vice President, Strategic Development at Teekay Shipping
Corporation, a NYSE-listed company with revenues of approximately US$500
million. From 1994 to 1998, Mr. Spothelfer held the positions of President and
Chief Operating Officer and later President and CEO of NovAtel Inc - a high-tech
company specializing in global positioning systems. During his tenure at
NovAtel, Mr. Spothelfer spearheaded sweeping restructuring that returned the
company to revenue and earnings growth and led the company's IPO on NASDAQ in
1997.
<PAGE>
Prior to 1994, Mr. Spothelfer held a variety of business development and
consulting positions in Europe including two years with The Boston Consulting
Group. Mr. Spothelfer has been a director of Spectrum Signal Processing since
March of 1999 and his experience in this role will enable him to move forward
quickly with the new strategic plan.
"I am very excited about the opportunities that lie ahead for Spectrum.
Spectrum has an extremely strong technical foundation, is well positioned to
penetrate further into some of its traditional markets and to take advantage of
emerging applications in high growth sectors such as telecommunications," Mr.
Spothelfer said. "I am looking forward to leading the changes at Spectrum and
to the strategic repositioning of the Company. I anticipate providing more
details on Spectrum's future strategic direction over the coming weeks," he
added.
Mr. Spothelfer's academic achievements include a Masters of Law, a Ph.D. in Law,
and an MBA from Institut d'Administration des Affaires (INSEAD) in France.
Spectrum Signal Processing is a world leader in multiprocessing digital signal
processing (DSP) systems, providing sophisticated hardware and software
solutions to commercial and defense customers in a variety of high growth
markets including communications intelligence, radar, imaging, and
telecommunications. Spectrum can be found on the web at
http://www.spectrumsignal.com and is located at One Spectrum Court, #200 - 2700
------
Production Way, Burnaby, B.C., Canada. ph (604) 421-5422; fax (604) 421-1764.
Any statements made by the company that are not historical facts are
forward-looking statements that are pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve risks and uncertainties, including the timely development and
acceptance of new products, the impact of competitive products and pricing,
changing market conditions and the other risks detailed in the company's
prospectus and from time to time in other filings. Actual results may differ
materially from those projected. These forward-looking statements represent the
company's judgment as of the date of this release. The company may or may not
update these forward-looking statements in the future.
