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
SEPTEMBER 18, 1995
(DATE OF EARLIEST EVENT REPORTED)
TECH-SYM CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 74-1509818
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION)
1-4371
(COMMISSION FILE NUMBER)
10500 WESTOFFICE DRIVE
HOUSTON, TEXAS 77042
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
(713) 785-7790
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
ITEM 5. OTHER EVENTS
THE INFORMATION SET FORTH IN THE PRESS RELEASE OF THE REGISTRANT DATED
SEPTEMBER 18, 1995, WHICH IS FILED AS AN EXHIBIT HERETO, IS INCORPORATED HEREBY
BY REFERENCE.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
THE FOLLOWING EXHIBITS ARE FILED HEREWITH:
99(A) -- PRESS RELEASE ISSUED BY THE REGISTRANT DATED
SEPTEMBER 18, 1995.
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 HEREUNTO DULY AUTHORIZED.
TECH-SYM CORPORATION
(REGISTRANT)
BY:/S/RAY F. THOMPSON
RAY F. THOMPSON
VICE PRESIDENT AND CHIEF
FINANCIAL OFFICER
DATE: SEPTEMBER 18, 1995
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
99(A) PRESS RELEASE BY THE REGISTRANT DATED
SEPTEMBER 18, 1995.
EXHIBIT 99(a)
TECH-SYM CORPORATION
10500 Westoffice Drive, Suite 200 o Houston, Texas 77042-5391
Telephone: 713/785-7790 o Telecopier: 713/780-3542
PRESS RELEASE
TECH-SYM UNIT TO ACQUIRE TELEFUNKEN SENDERTECHNIK
FOR IMMEDIATE RELEASE, HOUSTON, TEXAS, SEPTEMBER 18, 1995 -- Tech-Sym
Corporation (NYSE:TSY) today announced that its Continental Electronics
Corporation subsidiary in Dallas, Texas, has agreed to acquire all the
outstanding shares of TELEFUNKEN Sendertechnik GmbH from Daimler-Benz Aerospace
AG. The transaction is subject to an existing restructuring plan of TELEFUNKEN
Sendertechnik GmbH and the performance of other related undertakings of both
parties. The acquisition is expected to be completed on December 31, 1995.
Financial terms of the agreement were not disclosed.
TELEFUNKEN Sendertechnik GmbH is the successor to over 90 years of
experience in designing and producing broadcast transmitting equipment. From its
facility in Berlin, it has provided equipment primarily to European governments
and commercial organizations, the Voice of America, Radio Free Europe, and other
governments and organizations worldwide.
Wendell W. Gamel, Chairman and President of Tech-Sym, commented, "The
markets and products provided by TELEFUNKEN Sendertechnik will more than double
our presence in the broadcast industry. Digital Audio Broadcasting (DAB) and
High Definition Television are substantial markets of the future in which we
plan to be a major participant."
Gamel concluded, "The combination of the capabilities and products of
Continental Electronics, TELEFUNKEN Sendertechnik, and our Continental-Lensa
subsidiary in Santiago, Chile, which we acquired last year, enables us to offer
a full range of products for AM, VHF-FM, shortwave, television and DAB
applications including transmitters, antennas and accessories along with
complete system engineering and turnkey services worldwide."
Tech-Sym Corporation is a diversified electronics engineering and
manufacturing company primarily involved in the design, development, and
production of products used for communications, seismic exploration for
hydrocarbons, defense systems, and environmental monitoring.
# # #
For further information, please contact:
Wendell W. Gamel Robert P. Jones/Adam Steinberg
Chairman and President Lee Foley - Media Relations
Tech-Sym Corporation Morgen-Walke Associates
10500 Westoffice Drive 380 Lexington Avenue, 50th Floor
Houston, Texas 77042 New York, NY 10168
(713) 785-7790 (212) 850-5600
