SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 21, 1999
TRINITECH SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
New York 0-21324 06-1344888
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
333 Ludlow Street, Stamford, Connecticut 06902
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Address of principal executive offices
Registrant's telephone number, including area code: (203) 425-8000
N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On October 21, 1999, Trinitech Systems, Inc. (the
"Company") issued a press release announcing, among other things, that the
Company's shareholders have approved the Board of Directors' decision to change
the Company's name to NYFIX, Inc. and, in connection therewith, the Company is
changing its ticker symbol on the American Stock Exchange to "NYF." Both changes
are to be effective as of Monday, October 25, 1999. The text of the press
release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits.
99.1 Press Release of the Registrant, dated October 21, 1999.
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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.
TRINITECH SYSTEMS, INC.
Dated: October 22, 1999 By: /s/ Richard A. Castillo
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Name: Richard A. Castillo
Title: Chief Financial Officer
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NEWS BRIEF
FOR IMMEDIATE RELEASE
Contacts: Investors News Media
Peter Kilbinger Hansen, President John Henderson
Trinitech Systems, Inc. Rubenstein Associates
Tel: (203) 425-8000 Tel: (212) 843-8054
TRINITECH SYSTEMS, INC. ANNOUNCES SHAREHOLDER APPROVAL OF CHANGE
OF NAME TO NYFIX, INC., INCREASE IN AUTHORIZED SHARES AND THREE-FOR-
TWO STOCK SPLIT
"NYF" - NEW TICKER SYMBOL AS OF MONDAY
STAMFORD, CT, October 21, 1999: Trinitech Systems, Inc. (AMEX: TSI) announced
today that its shareholders have approved the Board of Directors' decision to
change the Company's name to NYFIX, Inc. In connection with the name change, the
Company is changing its ticker symbol on the American Stock Exchange to "NYF."
Both changes will be effective as of Monday, October 25, 1999.
The Company's London and Chicago based subsidiary, active in developing order
management and order routing technology for the global derivatives trading and
exchange markets, will continue to operate under the name Trinitech Systems
International, Inc.
Shareholders also approved the increase of authorized shares in the Company from
15 million shares of common stock to 60 million shares of common stock and from
one million shares of preferred stock to five million shares of preferred stock.
The Company's Board of Directors authorized a 3 for 2 stock split in the form of
a 50% stock dividend to shareholders of record on November 1, 1999, payable
November 15, 1999. The Company currently has 9,636,351 shares outstanding and
will have 14,454,527 shares outstanding following the dividend.
In an earlier news release, the Company had announced that it had raised capital
in connection with organizing a planned joint venture which will reposition the
Company as an electronic financial markets organization versus a pure trading
technology company. The Company is expecting to conclude the joint venture
arrangement shortly with news releases pending.
Trinitech Systems, Inc. (AMEX: TSI, under name change to NYFIX, AMEX: NYF as of
October 25, 1999) develops and markets advanced electronic trading systems to
brokerage firms, international banks and global exchanges trading in equities,
futures & options, and currencies. The Company's NYFIX Network, a combined FIX
and Exchange Access Network, enables users to electronically communicate trade
data among the buy-side, sell-side, and exchange floor environments. NYFIX is
the financial community's fastest-growing intranet, with more than 400
high-speed intranet circuits and 800 alternative routes, NYFIX processes more
than 100 million
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shares of equity order flow on a daily basis. The Company's goal is to become
the leading provider of real-time electronic trade entry and routing systems to
the global financial services industry. Trinitech is headquartered in Stamford,
Connecticut and maintains operations in New York, Chicago, and London.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainty, including without
limitation, the ability of the Company to market and develop its products.
Although the Company believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any of the
assumptions could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such information
should not be regarded as a representation by the Company or any other person
that the objectives and plans of the Company will be achieved.
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