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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): August 13, 1998
Technitrol, Inc.
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(Exact Name of registrant as specified in its charter)
Pennsylvania 1-5375 23-1292472
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.
1210 Northbrook Drive, Suite 385, Trevose, Pennsylvania 19053
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 355-2900
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On August 13, 1998, Technitrol, Inc. informed GTI Corporation (NASDAQ:
GGTI) that Technitrol believes there has been a breach of certain GTI
representations and warranties in the Agreement and Plan of Merger dated
May 26, 1998, between GTI and Technitrol whereby GTI would become a wholly-owned
subsidiary of Technitrol. Technitrol believes that as a result of these
breaches, it has a right to terminate the Merger Agreement. Technitrol is
continuing its due diligence activities with respect to GTI. GTI has advised
Technitrol that it is investigating the matters brought to its attention by
Technitrol.
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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 hereunto duly authorized.
TECHNITROL, INC.
By: /s/Albert Thorp, III
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Albert Thorp, III
Vice President and Chief Financial Officer
Date: August 18, 1998
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