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):
May 24, 1999
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THERMORETEC CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-12636 59-3203761
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
Damonmill Square
9 Pond Lane, Suite 5A
Concord, Massachusetts 01742-2851
(Address of principal executive offices) (Zip Code)
(978) 371-3200
(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 are
set forth under the heading "Forward-looking Statements" in Exhibit 13 to the
Registrant's Annual Report on Form 10-K for the fiscal year ended April 4, 1998.
These include risks and uncertainties relating to: dependence of the
Registrant's businesses on environmental regulation, potential environmental and
regulatory liability, intense competition, development and commercialization of
technology, possible obsolescence of the Registrant's services due to
technological change, the Registrant's acquisition strategy, the availability of
government funding, the effect of seasonal influences on the Registrant's
performance, and the potential impact of the year 2000 on processing
date-sensitive information.
Item 5. Other Events
On May 24, 1999, the Registrant issued a press release regarding certain
pretax charges that will be taken by the Registrant.
The press release stated that the Registrant will record pretax charges
totaling approximately $10 million primarily in the first quarter of fiscal
2000, which ends July 3, 1999. These charges will be incurred as a result of the
Registrant's decision to sell certain soil-recycling facilities.
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 25th day of May, 1999.
THERMORETEC CORPORATION
By: /s/ Theo Melas-Kyriazi
Theo Melas-Kyriazi
Chief Financial Officer
