SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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
PSC Inc.
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(Exact name of Registrant as Specified in its Charter)
New York
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(State or other jurisdiction of Incorporation)
0-9919 16-0969362
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(Commission File Number) (IRS Employer Identification No.)
675 Basket Road, Webster, New York 14580
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(Address of Principal Executive Offices)
(716) 265-1600
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Registrant's Telephone Number, including Area Code
Item 5. Other Events
On December 21, 1999, Registrant purchased all of the assets of GAP
Technologies, Inc. ("GAP") and related intellectual property rights for $4.75
million in cash.
GAP, located in Sharon Hill, Pennsylvania, is a privately-held
technology and research group that designs and manufactures miniaturized laser
scan engines and pen-based scanners. The purchase included 26 issued patents and
18 pending patents held by a related company, GEO Labs, Inc. ("GEO").
George A. Plesko, President of GAP and GEO, will join the Registrant as
a senior vice president.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 News Release dated December 22, 1999
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.
PSC Inc.
(Registrant)
Date: December 22, 1999 By: /s/ William J. Woodard
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William J. Woodard
Chief Financial Officer and
Treasurer