1 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 19, 1997 -------------------------------- PACIFIC SCIENTIFIC COMPANY - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 1-7744 94-0744970 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 620 Newport Center Drive, Suite 700, Newport Beach, California 92660 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (714) 720-1714 ------------------------------ Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS On December 19, 1997, Pacific Scientific Company (the "Company") sold its Automation Intelligence Inc. subsidiary to Sanyo Denki, Co., Ltd. of Japan. The transaction will result in a one-time after tax loss for the Company of approximately $3.5 million to be recognized in the fourth quarter. Sales of Automation Intelligence Inc. in 1996 were $7.6 million. See the press release attached hereto as an exhibit for a copy of the Company's press release issued December 26, 1997. [This portion of the page intentionally left blank] -2- 3 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. PACIFIC SCIENTIFIC COMPANY Date: December 30, 1997 By: /s/ Winston E. Hickman ----------------------- Winston E. Hickman Senior Vice President, Chief Financial Officer -3- 4 EXHIBIT INDEX Exhibit Number Description -------------- ----------- 99 Press release dated December 26, 1997, issued by Pacific Scientific Company regarding the sale of the Company's Automation Intelligence Inc. subsidiary.