THERMO ELECTRON CORP
8-K, 1999-12-23
MEASURING & CONTROLLING DEVICES, NEC
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                       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):

                                December 21, 1999

                    ----------------------------------------


                           THERMO ELECTRON CORPORATION
             (Exact name of Registrant as specified in its charter)


Delaware                           1-8002                          04-2209186
(State or other                 (Commission                    (I.R.S. Employer
jurisdiction of                  File Number)                    Identification
incorporation or                                                      Number)
organization)


81 Wyman Street
Waltham, Massachusetts                                              02454-9046
(Address of principal executive offices)                           (Zip Code)


                                 (781) 622-1000
                         (Registrant's telephone number
                              including area code)



<PAGE>








     This Current Report on Form 8-K contains  forward-looking  statements  that
involve a number of risks and uncertainties.  Important factors that could cause
actual results to differ materially from those indicated by such forward-looking
statements  are set forth  under the  heading  "Forward-looking  Statements"  in
Exhibit 13 to the  Registrant's  annual report on Form 10-K,  for the year ended
January 2, 1999. These include risks and uncertainties relating to: competition,
international operations, technological change, possible changes in governmental
regulations,  capital spending and government  funding  policies,  dependence on
intellectual  property  rights,  and the  potential  impact  of the year 2000 on
processing date-sensitive information.


Item 5.  Other Events

     On December 21, 1999, the Registrant  issued a press release  regarding the
election of Richard F. Syron,  the  Registrant's  president and chief  executive
officer,  to the  position  of  chairman  of the board of  directors.  George N.
Hatsopoulos, the Registrant's current chairman, will retire effective January 1,
2000,  but will  continue to serve as a director and will head the  Registrant's
R&D/New Business Center. Dr. Hatsopoulos was also named chairman emeritus of the
Registrant.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)      Financial Statements of Business Acquired: Not applicable.

         (b)      Pro Forma Financial Information: Not applicable.

         (c)      Exhibits: Not applicable.


<PAGE>



                                    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 thereunto duly authorized, on this 23rd day of December, 1999.



                                        THERMO ELECTRON CORPORATION


                                        By:  /s/ Theo Melas-Kyriazi
                                             ---------------------------------
                                             Theo Melas-Kyriazi
                                             Vice President and Chief
                                             Financial Officer






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