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): February 7, 1997
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ELECTRONIC RETAILING SYSTEMS INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21456 06-1361276
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(State or other (Commission (I.R.S. Employer
jurisdiction of file number) Identification No.)
incorporation or
organization)
372 Danbury Road, Wilton, Connecticut 06897
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: 203-761-7900
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Item 5. Other Events.
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On February 7, 1997, the Registrant announced the appointment
of Dr. George Weathersby as President of the Registrant, and that
Bruce Failing, Jr., a founder of the Registrant who has served as
its President since its inception in 1990, has assumed the title of
Vice Chairman of the Board and CEO. For additional information
with respect to this transaction, reference is hereby made to the
Registrant's press release issued February 7, 1997 annexed to this
current report as Exhibit 5(a), the text of which is hereby
incorporated by reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
The exhibit filed as part of this Current Report on Form
8-K is listed in the attached Index to Exhibits.
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SIGNATURES
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.
ELECTRONIC RETAILING SYSTEMS
INTERNATIONAL, INC.
By s/Bruce F. Failing, Jr.
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Bruce F. Failing, Jr.
President
Dated: February 12, 1997<PAGE>
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INDEX TO EXHIBITS
Exhibit Description
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5(a) - Press Release of the Registrant issued February 7,
1997
EXHIBIT 5(a)
Contact:
Electronic Retailing Systems
International, Inc.
George B. Weathersby
President
(203) 761-7900
For Immediate Release
ELECTRONIC RETAILING SYSTEMS INTERNATIONAL, INC.
ANNOUNCES APPOINTMENT OF NEW PRESIDENT
Wilton, Ct. - February 7, 1997 - Electronic Retailing Systems
International ("ERS") (NASDAQ:ERSI) announced the appointment of
Dr. George Weathersby as President. Dr. Weathersby, 52, brings to
ERS substantial experience in the professional management of
technology companies. A member of the ERS Board since 1996, Dr.
Weathersby also chairs its Executive Committee.
He has served as President of Cambridge Parallel Processing,
a producer of high performance computer systems, Ontario
Corporation, a provider of commercial software and aviation
services and Advanced Retail Marketing, a provider of merchandising
technology to the supermarket industry. Trained in engineering and
business administration, Dr. Weathersby received Masters Degrees in
Engineering and Business Administration from the University of
California at Berkeley and a Ph.D. Degree from Harvard University,
where he served as Professor of Management.
Bruce Failing, Jr., a founder of the company who has served as
its President since its inception in 1990, continues to serve the
company and has assumed the title of Vice Chairman of the Board and
CEO. Mr. Failing said, "We are delighted that Dr. Weathersby has
agreed to expand his services to ERS by accepting the role of
President. With the next generation ERS wireless system available
and the completion of our recent $100,000,000 funding, ERS has
completed its entrepreneurial development phase. Dr. Weathersby is
particularly well qualified to provide professional management for
the future growth of ERS in the estimated multi-billion dollar
retailing market for productivity enhancing, in-store automation
systems."
ERS is a leading developer and supplier of electronic shelf
label systems. The ERS system is designed to provide accurate
pricing by linking the store's central computer both to its
checkout scanner and to the ERS electronic liquid crystal display
shelf labels at the shelf edge. The ERS system allows for pricing
information to be automatically changed on the electronic shelf
labels when prices in the point-of-sale systems are changed. This
system eliminates the need for paper price labels, which require
labor-intensive servicing and do not provide the high level of
pricing accuracy achieved by electronic shelf label systems. The
ERS system also includes patented software applications that enable
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the retailer to communicate additional product information to and
from the aisle to secure additional merchandising, space
management, and inventory management benefits.
ERS's common stock is traded on the NASDAQ National Market
System under the symbol "ERSI".
