|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14120-0748 |
Item 5. Other Events.
On November 10, 2000, the Board of Directors voted unanimously to continue Registrant's plan to
purchase shares of its outstanding common stock, $.025 par value ("Shares") from selling
shareholders at the direction of Registrant's President and Chief Executive Officer, Douglas P.
Taylor. $225,000 of cash on hand was originally authorized by the Board in December 1998 for this
purpose, and an additional $135,000 was authorized in December 1999. Of the total authorization
of $360,000, approximately $95,000 remains and is intended to be used. Purchases may be made
from time to time, commencing January 1, 2001 through December 31, 2001 at the then current
market price of the Shares. Registrant will continue to execute the plan through open-market
purchases.
Exhibits filed as part of this Report:
| Exhibit Number | Page in sequential numbering system where Exhibit is found | ||
| (99) | Press release dated December 15, 2000 | 3 | |
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 hereunto duly authorized.
| DATED: December 15, 2000 | By: | /s/ Douglas P. Taylor Douglas P. Taylor, President and Chief Executive Officer |
FOR IMMEDIATE RELEASE
North Tonawanda, NY, December 15, 2000 Taylor Devices, Inc. (NASDAQ: TAYD) announced
today that its Board of Directors voted unanimously to continue the Company's plan to purchase
shares of its outstanding common stock, $.025 par value ("Shares") from selling shareholders at the
direction of the Company's President and Chief Executive Officer, Douglas P. Taylor. $225,000 of
cash on hand was originally authorized for this purpose by the Board in December 1998, and an
additional $135,000 was authorized in December 1999. Of the total authorization of $360,000,
approximately $95,000 remains and is intended to be used. Purchases may be made from time to
time, commencing January 1, 2001 through December 31, 2001 at the then current market price of
the Shares. The Company will continue to execute the plan through open-market purchases.
Taylor Devices, Inc. employs over 90 people in Western New York, and designs, develops,
manufactures, and markets tension control, energy storage and shock absorption devices for use in
various types of machinery, equipment and structures, including devices for seismic protection and
isolation of wind-induced vibration.
|
|