SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Filed Pursuant to Section 13 or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): JULY 25, 1996 SYRATECH CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-12624 13-3354944 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 175 McClellan Highway EAST BOSTON, MA 02128-9114 (Address of principal executive office) Registrant's telephone number, including area code: (617) 561-2200 Item 5.OTHER EVENTS On July 25, 1996 the Compensation and Stock Option Committee (the "Committee") of the Board of Directors of the Corporation approved amendments to the Employment agreements of Alan R. Kanter, Vice President - - Sales, and E. Merle Randolph, Vice President, Treasurer and Chief Financial Officer. On the same date the Committee authorized the Corporation to enter into a Retirement Benefit Agreement with Faye A. Florence, Vice President, Secretary and General Counsel. The amendments and the Retirement Benefit Agreement with Ms. Florence each provides for the payment of retirement benefits to the subject executives beginning at age 65 or the date of such executive's retirement, whichever occurs later. On September 12, 1996, the Committee modified its July 25, 1996 resolutions so as to provide that the minimum annual retirement benefit payable to each of such executives will be $75,000. Promptly following the action taken by the Committee, the Corporation entered into amendments to the employment agreements with Messrs. Kanter and Randolph and entered into a Retirement Benefit Agreement with Ms. Florence. Item 7.FINANCIAL STATEMENTS AND EXHIBITS * * * (c) Exhibits: 1. Amendment No. 1 dated as of July 27, 1996 to Agreement dated as of August 16, 1991 between the Corporation and Alan R. Kanter. 2. Amendment No. 1 dated as of July 27, 1996 to Agreement dated as of August 16, 1991 between the Corporation and E. Merle Randolph. 3. Retirement Benefit Agreement dated as of July 27, 1996 between the Corporation and Faye A. Florence. 2 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. SYRATECH CORPORATION By /s/ E. Merle Randolph E. Merle Randolph Vice President Date: September 17, 1996 EXHIBIT INDEX SYRATECH CORPORATION Current Report on Form 8-K Dated July 25, 1996 EXHIBIT NO. DESCRIPTION PAGE 1. Amendment No. 1 dated as of July 27, 1996 to Agreement dated as of August 16, 1991 between the Corporation and Alan R. Kanter. 2. Amendment No. 1 dated as of July 27, 1996 to Agreement dated as of August 16, 1991 between the Corporation and E. Merle Randolph. 3. Retirement Benefit Agreement dated as of July 27, 1996 between the Corporation and Faye A. Florence.