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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
Date of Report (Date of earliest event reported) July 26, 1996
SI DIAMOND TECHNOLOGY, INC.
(Exact name of Registrant as specified in charter)
TEXAS 1-11602 76-0273345
(State of (Commission (IRS Employer
Incorporation File Number) Identification Number)
12100 Technology Boulevard
Austin, Texas 78727
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (512) 331-6200
2345 North Boulevard
Houston, Texas 77098
(Former name or former address, if changed since last report)
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ITEM 5. Other Events
SI Diamond Technology, Inc. (the "Company") issued the attached press
release on July 26, 1996 dealing with the resignation of Howard K. Schmidt as
the Company's chairman and chief executive officer and the appointment of Marc
Eller as the Company's new chairman and chief executive officer. Dr. Zvi Yaniv
was also elected as president of the Company.
ITEM 7. Financial Statements and Exhibits.
99.1 Press Release issued July 26, 1996
SIGNATURES
Pursuant to 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.
SI DIAMOND TECHNOLOGY, INC.
Date: August 1, 1996 By: /s/ Trey Fecteau
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Trey Fecteau
Senior Vice-President
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EXHIBIT 99.1
SI DIAMOND TECHNOLOGY, INC.
12100 TECHNOLOGY BLVD AUSTIN, TEXAS 78727 (512) 331-6200 FAX: (512) 250-2730
NEWS RELEASE For further inormation:
Trey Fecteau, SI Diamond Technology, Inc.
(512) 250-2709
SI DIAMOND TECHNOLOGY ELECTS MARC ELLER CHAIRMAN AND CEO
Chief Operating Officer Zvi Yaniv Assumes
Additional Title of President
[Austin, TX - July 26, 1996] The board of directors of SI Diamond
Technology, Inc. (SIDT) has named Marc Eller Chairman and CEO. The board also
named Dr. Zvi Yaniv to the position of president, in addition to his current
title of chief operating officer.
Mr. Eller replaces Dr. Howard K. Schmidt, whose resignation as chairman
and CEO was accepted by the board. Dr. Schmidt will assume the newly created
position of vice president of new business development and technology.
Eller has served as vice chairman of SIDT's board of directors since May
of this year. Through his company, BEG Enterprises, Mr. Eller has extensive
experience in managing and financing public and private companies. Dr. Yaniv, a
pioneer in the development of the US display industry was named SIDT's executive
vice president and chief operating officer in June.
"By accepting this position, I look forward to teaming with Zvi in the
continued pursuit of transforming SI Diamond and its subsidiaries from
essentially a research and development status to a focus on revenue and
profits," says Eller.
About SIDT
Austin-based SI Diamond is an innovative developer of thin-film diamond
technology with potential for a variety of applications including flat panel
displays and high luminance lamps. Through its Plasmatron subsidiary, the
company also develops and installs industrial coating systems. SIDT's Diamond
Tech One subsidiary provides advanced packaging, assembly, and prototyping
services for electronic components and systems. SI Diamond trades on Nasdaq
under the symbol "SIDT."
