UNITED STATES
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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JULY 19, 1999
TECH-SYM CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 1-4371 74-1509818
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
10500 WESTOFFICE DRIVE, SUITE 200
HOUSTON, TEXAS 77042-5391
(ADDRESS OF PRINCIPAL
EXECUTIVE OFFICES)
AND ZIP CODE)
(713) 785-7790
(REGISTRANT'S TELEPHONE NUMBER,
INCLUDING AREA CODE)
<PAGE>
ITEM 5. OTHER EVENTS
The information set forth in the press release of the registrant dated
July 19, 1999, which is filed as an exhibit hereto, is incorporated hereby
reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(C) EXHIBITS
Exhibit 99(a) -- Press release issued by the registrant dated July 19,
1999.
-2-
<PAGE>
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
Date: July 21, 1999
By: /S/ RAY F. THOMPSON
Ray F. Thompson
VICE PRESIDENT AND CHIEF FINANCIAL
OFFICER
<PAGE>
EXHIBIT INDEX
EXHIBIT NO.
Exhibit 99(a) -- Press release issued by the registrant dated July 19,
1999.
exhibit 99(a)
TECH-SYM CORPORATION PRESIDENT AND CHIEF EXECUTIVE OFFICER
J. MICHAEL CAMP BECOMES CHAIRMAN OF THE BOARD
Houston, Texas, July 19, 1999--Tech-Sym Corporation (NYSE:TSY) announced
today that its Board of Directors has unanimously elected J. Michael Camp as
Chairman of the Board effective immediately.
Mr. Camp, 49 years old, became President, Chief Executive Officer and a
director in May 1998. He takes over as Chairman from Wendell W. Gamel under a
continuation of the Board's succession plan adopted last year. Mr. Gamel will
remain a member of the Board of Directors.
Since Tech-Sym acquired Metric Systems Corporation from Mr. Gamel and
others in 1966, he has been the driving force behind the Company's many
achievements. He has served as an officer and director since 1966, President
from 1975 to 1998, and Chairman from 1980 until today. His achievements include
the acquisitions of Tecom Industries, Incorporated, in 1983, Enterprise
Electronics Corporation in 1984, Syntron, Inc., in 1987, and Continental
Electronics Corporation in 1990. Under his direction as President, the Company
has increased annual revenues from $13 million in 1975 to $294 million for the
year ended 1997. The number of employees increased from 350 to 2,459 during the
same period.
Mr. Camp stated, "Without resorting to cliches about having big shoes to
fill, suffice it to say that I will be guided in this position by the ideals and
values which Mr. Gamel so effectively demonstrated during his decades of
achievement at Tech-Sym Corporation."
Tech-Sym Corporation is a high technology company that designs, develops
and manufactures electronic systems and components used in diverse markets
including communications, defense systems and environmental radar 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.
# # #
