AMPEX CORPORATION FILES "SHELF" REGISTRATION STATEMENT FOR 1.15 MILLION CLASS A COMMON SHARES.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--June 4, l996--Ampex Corporation (Amex:AXC AXC Chief Aviation Antisubmarine Warfare Technician (Naval Rating) AXC Add Cross-Connect Card ) announced today that it has filed a Registration Statement with the Securities and Exchange Commission to register up to 1.15 million shares of Class A Common Stock for possible future sale to the public. Upon effectiveness of the Registration Statement, the Company may offer the shares from time to time in amounts, at prices and on terms to be determined at the time of offering. The shares may be offered directly or through underwriters or agents designated by the Company. Market conditions and other factors will influence the timing, price and number of shares of Common Stock offered for sale. Prior to the issuance of any shares pursuant to this Registration Statement, Ampex had approximately 46.7 million common shares outstanding or issuable pursuant to outstanding stock options. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to the Company would be used for general corporate purposes, which may include acquisition of certain specialized testing and production equipment for the Company's keepered media research and development program if required. This notice shall not be deemed to be an offer to sell, or solicitation of an offer to buy, the shares of Common Stock, which will be made only by means of a Prospectus. Ampex Corporation is one of the world's leading innovators in the fields of magnetic recording, image processing and high-performance digital storage. Ampex is currently focusing its technology on the emerging market for mass data storage in the visual information age. During its 52-year history of innovation, Ampex has been granted thousands of patents and numerous awards for technical achievement. Headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , Ampex's customers today include such leading organizations as Boeing, Eastman Kodak, Mobil Oil, Time Warner and NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. . CONTACT: Karen Schweikher Investor Relations Investor relations The process by which the corporation communicates with its investors. 415/367-4111 |
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