SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 11, 2000
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THERMO ELECTRON CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-8002 04-2209186
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification Number)
81 Wyman Street, P.O. Box 9046
Waltham, Massachusetts 02454-9046
(Address of principal executive offices) (Zip Code)
(781) 622-1000
(Registrant's telephone number
including area code)
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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 "Risk Factors" in the Registrant's
Amendment No. 2 to Registration Statement on Form S-4 [Reg. No. 333-35478] filed
with the Securities and Exchange Commission on June 27, 2000. These include
risks and uncertainties relating to: the Registrant's ability to complete its
corporate reorganization, the need for a favorable Internal Revenue Service
ruling regarding planned spin-offs of certain subsidiaries, divestitures planned
as part of the reorganization, integration of the instrument businesses,
issuance of significant amounts of additional shares as part of the
reorganization, liquidity and prospective performance of the subsidiaries to be
spun off, guarantees of obligations of the subsidiaries to be spun off, stock
price volatility, goodwill acquired by the Registrant, internal growth, the
effect of exchange rate fluctuations on the Registrant's significant
international operations, the need to develop new products and adapt to
significant technological change, changes in governmental regulations, and
dependence of demand on capital spending and government funding policies.
Item 5. Other Events
On July 11, 2000, the Registrant issued a press release, attached hereto
as Exhibit 99, regarding the appointment of Marijn Dekkers as chief operating
officer.
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
99 Press Release dated July 11, 2000.
<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 11th day of July, 2000.
THERMO ELECTRON CORPORATION
By: /s/ Theo Melas-Kyriazi
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Theo Melas-Kyriazi
Vice President and Chief Financial
Officer
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Exhibit 99
Investment Contact: 781-622-1111
Media Contact: 781-622-1252
Thermo Electron Names Marijn Dekkers Chief Operating Officer
WALTHAM, Mass., July 11, 2000 - Thermo Electron Corporation (NYSE-TMO) announced
today that it has appointed Marijn (pronounced Ma-rye-in) Dekkers chief
operating officer of the company, effective immediately. Mr. Dekkers comes to
Thermo Electron from Honeywell International (formerly AlliedSignal), where he
most recently served as president of its $1.1 billion electronics materials
division, based in Sunnyvale, California.
"Thermo Electron is relentlessly pursuing its new direction as one dynamic
operating company," said Richard F. Syron, chairman and chief executive officer
of Thermo Electron. "And Marijn Dekkers brings an outstanding track record of
driving growth and productivity, as well as an impressive technical background.
These assets, combined with Mr. Dekkers' international experience and all-around
leadership skills, will be key as we implement our aggressive growth strategies
in measurement and detection instruments."
A native of the Netherlands, Mr. Dekkers, 42, holds a PhD in chemical
engineering from the University of Eindhoven. He started his career as a
research scientist at General Electric's corporate R&D center in Schenectady,
New York, where he authored 40 scientific articles. He also holds 30 patents
related to his work there. From 1985 to 1995, he held various operating
positions with GE in both the United States and Europe. He joined AlliedSignal
in 1995.
Mr. Dekkers replaces Earl Lewis, who will be leaving the company to pursue
other business opportunities. "Earl has made enormous contributions to the
growth of Thermo Electron's instrument businesses over the past 16 years," said
Syron, "particularly with regard to the company's aggressive acquisition
strategy during that time frame. We wish him all the best in his future
endeavors."
Thermo Electron Corporation is a leading provider of analytical and
monitoring instruments used in a broad range of applications, from life sciences
research to telecommunications to food and beverage production. In addition,
Thermo Electron serves the healthcare market through a family of medical
companies, and is a major producer of paper recycling systems and provides
fiber-recovery products. As announced on January 31, 2000, the company has
initiated a major reorganization that would transform it into one publicly
traded entity focused on its core instruments business. The company's medical
products and paper recycling businesses will be spun off as dividends to Thermo
Electron shareholders. More information is available on the Internet at
http://www.thermo.com.
