Encon Systems Inc – ‘8-K’ for 1/16/97

As of:  Thursday, 2/6/97   ·   For:  1/16/97   ·   Accession #:  903893-97-158   ·   File #:  1-11065

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2±     9K 

Document Table of Contents

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: January 16, 1997

 ENCON SYSTEMS, INC.
 -------------------
(Exact Name of Registrant as Specified in its Charter)

Delaware
--------
(State or Other Jurisdiction of Incorporation)

1-11065                                          04-3069270     
-------                                          ----------     
(Commission File Number)                    (I.R.S. Employer Identification No.)

 Care of: The Recovery Group, 270 Congress Street, Boston, Massachusetts 01748
 -----------------------------------------------------------------------------
 (Address of Principal Executive Offices) (Zip Code)

(617) 482-4866
--------------
(Registrant's Telephone Number, Including Area Code)

 86 South Street, Hopkinton, Massachusetts 01748
 -----------------------------------------------
 (Former Name or Former Address, if Changed Since Last Report)

 TABLE OF CONTENTS

FORM 8-K

January 16, 1997

Item                                                                    Page    

ITEM 5.           OTHER EVENTS                                            1     

SIGNATURES                                                                2     

 -i-

ITEM 5.           OTHER EVENTS                                                  

         1. On January  16,  1997,  ENCON  Systems,  Inc.  (the  "Company")  was
notified by Pepsico Food Services ("PFS"), a division of Pepsico, Inc., that PFS
will not continue to use the Company's  services in connection with the national
roll out of its security  lighting  program  because of the Company's  liquidity
problems.  As a  result,  the  Company  has  ceased  performance  under  the PFS
contract.                                                                       

         2. The Company has also been  notified  by Fleet Bank,  N.A.  ("Fleet")
that, as a result of certain  existing and uncured  defaults under the Company's
loan  agreement  with Fleet,  Fleet  intends to exercise its rights as a secured
party and will require the sale of the assets of the Company.                   

         3.  Kemper  Management  Services,  Inc.  ("Kemper"),   a  wholly  owned
subsidiary of the Company,  has been notified by Business  Alliance Credit Corp.
("BACC")  that,  as a result of certain  existing  and  uncured  defaults  under
Kemper's  loan  agreement  with BACC,  BACC  intends to exercise its rights as a
secured party and will require the sale of the assets of Kemper.                

 -1-

 SIGNATURE

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.                                       

                           ENCON Systems, Inc.

                              By:  /s/ Robert Wexler
                                               -------------------------------
                             Robert Wexler
                                               Interim Chief Executive Officer
Date: February 5, 1997                                                          

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		2/6/97		None on these Dates
		2/5/97
For Period End:		1/16/97
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