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
APRIL 22, 1998
(Date of earliest event reported)
TECH-SYM CORPORATION
(Exact Name of Registrant as Specified in 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)
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ITEM 5. OTHER EVENTS.
The information set forth in the press release of the registrant dated
April 22, 1998, which is filed as an exhibit hereto, is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibits are filed herewith:
99(a) -- Press release issued by the registrant dated April 22,
1998.
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
By: /s/ R.F. Thompson
Name: R.F. Thompson
Title: Vice President, Treasurer
Chief Financial Officer
April 23, 1998
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99(a) -- Press release issued by the registrant dated April 22, 1998.
EXHIBIT 99(A)
PRESS RELEASE
Contact: Wendell W.Gamel
Chairman
Tech-Sym Corporation
713/785-7790
FOR IMMEDIATE RELEASE
Ed Bisno/Jackie Fitzgerald
Media Contact: Lee Foley
Morgen-Walke Associates
212/850-5600
TECH-SYM CORPORATION ANNOUNCES THE APPOINTMENT OF
J. MICHAEL CAMP AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
HOUSTON, TEXAS, April 22, 1998--Tech-Sym Corporation (NYSE:TSY) today
announced that J. Michael Camp, age 48, will become the Company's new
President and Chief Executive Officer effective May 1, 1998. Mr. Camp will
replace Wendell W. Gamel who has served as President of Tech-Sym for the past
23 years. Mr. Gamel will continue as the Chairman.
Mr. Camp will join Tech-Sym Corporation after serving since May 1996 as
President and Chief Executive Officer of Olicom Inc. and a member of the
executive management board of Olicom A/S (Nasdaq:OLCMF). During Camp's tenure at
Olicom, annual sales growth exceeded 42% and the market valuation of its stock
increased dramatically. Prior to Olicom, Camp was with Northern Telecom for
seven years and held various managerial positions of increasing P&L
responsibility. In his last position at Northern Telecom, he was directly
responsible for a business unit with annual sales of $750 million.
"We are extremely pleased that Michael will join Tech-Sym," commented
Wendell W. Gamel, Chairman. "During his 21-year career in the technology
industry, Mr. Camp has developed a strong track record of successfully managing
the development, manufacturing, and marketing of communications products and
systems. He has the experience and expertise to help Tech-Sym grow its
businesses of seismic instrumentation, broadcast electronics and microwave
components, and defense. I am confident Michael will lead Tech-Sym to increase
profits and shareholder value into the 21st century."
Mr. Camp stated, "I am very pleased to have the opportunity to lead
Tech-Sym. It is a Company with tremendous potential, and I look forward to
working with the employees and management team as we continue to expand the
Company's presence globally. I am excited by possibilities inherent in
Tech-Sym's diverse products and markets, as well as the opportunity to partner
with Wendell in growing shareholder value."
-more-
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Page 2
Tech-Sym Corporation is a high technology company that designs, develops
and manufactures electronic systems and components used in diverse markets
including oil and gas exploration, communications, and defense systems.
FORWARD-LOOKING STATEMENTS IN THIS RELEASE ARE MADE PURSUANT TO THE SAFE
HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
INVESTORS ARE CAUTIONED THAT ALL FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND
UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, RISKS ASSOCIATED WITH THE
UNCERTAINTY OF MARKET ACCEPTANCE OF THE COMPANY'S PRODUCTS, LIMITED NUMBER OF
CUSTOMERS, AS WELL AS RISKS OF DOWNTURNS IN ECONOMIC CONDITIONS GENERALLY, RISKS
ASSOCIATED WITH COMPETITION AND COMPETITIVE PRICING PRESSURES, AND OTHER RISKS
DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
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