SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) July 31, 2002
SIMTEK CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 0-19027 84-1057605
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
4250 Buckingham Dr. #100
Colorado Springs, Colorado 80907
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(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (719) 531-9444
Not applicable
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Former name or former address, if changed since last report
Item 5: Other Information:
Simtek Corporation released the following press release dated July 30, 2002,
titled "Simtek Appoints Robert Pearson to Board of Directors":
Simtek Appoints Robert Pearson to Board of Directors
Colorado Springs, CO, July 30, 2002 -- Simtek Corporation (OTC BB: SRAM), has
named Robert Pearson of Renaissance Capital to its board of directors. The
appointment of Mr. Pearson, a semiconductor industry and investment veteran,
brings Simtek's board to six members.
"Mr. Pearson brings tremendous experience and insight to Simtek's Board," said
Douglas Mitchell, Simtek's president and CEO. "His guidance will be invaluable
as we navigate the company through new product and market developments.
"I'm pleased to join the Simtek board, especially while new product developments
are preparing the company to win great market advantage over the next two to
three years. This should be coincident with a general market recovery," stated
Mr. Pearson. "I always look forward to working with small companies that possess
great potential for growth."
Robert C. Pearson, age 66, joined Renaissance Capital Group, Inc. in April 1997
and is Senior Vice President-Investments. From May 1994 to May 1997, Mr. Pearson
was in independent financial management consultant primarily engaged by
Renaissance. From May 1990 to May 1994, he served as Chief Financial Officer and
Executive Vice President of Thomas Group, Inc., a management consulting firm,
where he was instrumental in moving a small privately held company from a
start-up to a public company with over $40 million in revenues. Prior to 1990,
Mr. Pearson spent 25 years at Texas Instruments Incorporated where he served in
several positions including Vice President-Controller and later as Vice
President-Finance. Mr. Pearson holds a BS in Business from the University of
Maryland and was a W.A. Paton Scholar with an MBA from the University of
Michigan. He is currently a Director of Poore Brothers, Inc., CaminoSoft, Inc.,
Advanced Power Technology, Inc., and Simtek Corporation, all publicly held. He
is also a Director of eOriginal, Inc., a privately held company.
Simtek Corporation delivers fast re-programmable nonvolatile semiconductor
memories and cost-effective FPGA to ASIC conversions. Information on Simtek
products can be obtained from its web page: www.simtek.com; email:
info@simtek.com; by calling (719) 531-9444; or fax (719) 531-9481. The company
is headquartered in Colorado Springs, Colorado, with international sales and
marketing channels. Simtek is listed under the symbol SRAM on the OTC Electronic
Bulletin Board.
The funds advised by Renaissance Capital Group seek to invest in the securities
of small capitalization emerging growth companies, frequently through private
placements, with the objective of realizing above average rates of return.
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Forward-Looking Statements
This press release contains 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, including statements predicting the
availability of new products during 2002 and statements predicting the Company's
future growth. Such statements involve risks and uncertainties, and actual
results could differ materially from the results anticipated in such
forward-looking statements as a result of a number of factors, including, but
not limited to, the risk of delays in the availability of new products due to
technological, market or financial factors including the availability of
necessary working capital, or the other factors described in the Company's most
recent Form 10-KSB and Form 10-QSB filed with the Securities and Exchange
Commission.
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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 and hereunto duly authorized.
SIMTEK CORPORATION
July 31, 2002 By: /s/Douglas Mitchell
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DOUGLAS MITCHELL
Chief Executive Officer, President
and Chief Financial Officer (acting)
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