-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ANIz4eplFhvC0MAkiFV9TlcjVGt84N6r3DtWAN0jLUXeefq8rY1McAJczotbGcUb gWHD24/wimjOZOEem9Z0eQ== 0000936392-02-000231.txt : 20020415 0000936392-02-000231.hdr.sgml : 20020415 ACCESSION NUMBER: 0000936392-02-000231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020311 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PATRIOT SCIENTIFIC CORP CENTRAL INDEX KEY: 0000836564 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 841070278 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22182 FILM NUMBER: 02574072 BUSINESS ADDRESS: STREET 1: 10989 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 8586745000 MAIL ADDRESS: STREET 1: 10989 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 FORMER COMPANY: FORMER CONFORMED NAME: PATRIOT FINANCIAL CORP DATE OF NAME CHANGE: 19920521 8-K 1 a79898e8-k.htm FORM 8-K Patriot Scientific Corporation
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UNITED STATES
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): March 14, 2002 (March 11, 2002)

PATRIOT SCIENTIFIC CORPORATION

(Exact name of registrant as specified in its charter)
         
Delaware   0-22182   84-1070278
(State or other jurisdiction of
incorporation or organization)		   (Commission
File Number)		   (I.R.S. Empl. Ident. No.)
     
10989 Via Frontera, San Diego, California   92127
(Address of principal executive offices)   (Zip Code)

(858) 674-5000

(Registrant’s telephone number, including area code)

 

ITEM 5. OTHER EVENTS
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 99.9

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ITEM 5. OTHER EVENTS

     On March 11, 2002, Patriot Scientific Corporation (the “Company”) appointed Jeffrey E. Wallin as President and Chief Executive Officer and Lowell W. Giffhorn as Secretary of the Company. Mr. Donald Bernier, who had been serving as the Chief Executive Officer of the Company since August 2001, will retain the position of Chairman of the Board. Mr. Miklos Korodi and Mr. David Pohl, who along with Giffhorn had been serving as Co-Presidents, have left the Company to pursue other interests. Mr. Pohl continues to be a member of the Board of Directors. Giffhorn retains his position of Executive Vice President and Chief Financial Officer in addition to his newly appointed role as Secretary.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
     
  (c) Exhibits
 
  99.9    Press Release of the Company dated March 12, 2002.

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.
     
  PATRIOT SCIENTIFIC CORPORATION
 
 
Dated: March 13, 2002 By:  LOWELL W. GIFFHORN
 
  Lowell W. Giffhorn
Exec. V.P., Chief Financial Officer & Secretary

2

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INDEX TO EXHIBITS
                 
Exhibit   Item   Page        
 
 
       
99.9   Press Release of the Company dated March 14, 2002   Filed herewith.

  EX-99.9 3 a79898ex99-9.txt EXHIBIT 99.9 Exhibit 99.9 FOR IMMEDIATE RELEASE INDUSTRY VETERAN JEFF WALLIN APPOINTED AS PRESIDENT AND CEO OF PATRIOT SCIENTIFIC SAN DIEGO--March 12, 2002--The Board of Directors of PTSC (Patriot Scientific Corp.)(OTCBB: PTSC - news) has appointed industry veteran Jeff Wallin as its new President and Chief Executive Officer. Mr. Wallin will relieve Donald Bernier of his interim Chief Executive responsibilities. Mr. Bernier retains the position of Chairman of the Board. In addition to his current roles as Executive Vice President and CFO, Lowell Giffhorn will assume the role of Secretary. "Jeff brings extensive experience in business development, patent enforcement including supervision of patent infringement actions, strategic planning and product development in rapidly developing markets including wireless, cable interactive and embedded processor technologies," said Donald Bernier, Chairman of the Board. "His talents are well received as PTSC continues its growth strategy which includes the intended acquisition of Aspect SemiQuip International." Prior to joining PTSC, Mr. Wallin served as President of SDMC, Inc., since 1999. SDMC is a multimedia systems integration and communications technologies business development and consulting organization with international and domestic clients focused on wireless, satellite and cable interactive enterprises. From 1996 to 1999, Mr. Wallin held the post of President and CEO of TV/COM International, Inc., where he led the development of systems and terminal products for digital compression, control and encryption systems for domestic and international operators and providers. Mr. Wallin has also held senior positions with Snell & Wilcox Ltd., General Instrument and Teledyne Ryan Electronics in addition to his distinguished career as a United States Naval officer. He currently serves as a board member for several multimedia technology companies and holds membership in a number of telecom industry organizations. Miklos Korodi and David Pohl who served in the office of the president are leaving the company to pursue other business opportunities, which simultaneously complements the Board of Directors strategy to maximize capital and reduce expenses. About PTSC Founded in 1987, PTSC is an Intellectual Property (IP) company that develops, markets and enables innovative technologies to address demand in fast growing markets such as: wireless devices, mobile devices, appliances, home gateways, set top boxes, entertainment, automotive and industrial controllers. PTSC's innovative IP licensing approach allows for rapid product introduction with exceptional power, performance and cost characteristics that are crucial to next generation mobile and Internet devices - a $39 billion dollar a year market. For more information on PTSC, visit http://www.ptsc.com. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings. - ---------- Contact: The Investor Relations Group, New York Investors and Media: Tom Caden / Shayne Payne / Dian Griesel 212/825-3210 2 -----END PRIVACY-ENHANCED MESSAGE-----