Analogic Files Form 8-K
Regarding Correspondence with Stockholder
PEABODY, MASS. (January 22, 2007) – On or about November 14, 2006, Analogic Corporation (“Analogic” or the “Company”) received a letter from Francis Capital Management, LLC (“FCM”), which was sent on behalf of an Analogic stockholder, and which requested that Analogic include in the proxy materials for Analogic’s 2007 annual meeting of stockholders a resolution that Analogic’s stockholders request the Board of Directors to take the necessary steps to provide that all directors have a one-year term of office, including approval of amendments to the Company’s Restated Articles of Organization and bylaws to eliminate the “staggered” Board of Directors terms and submission of such amendments for stockholder approval to the extent required (the “FCM Stockholder Proposal”). Following discussions between the Company and FCM, Analogic received a letter from FCM dated December 7, 2006, which withdrew the FCM Stockholder Proposal. On December 8, 2006, Analogic sent a letter to FCM that reflected and confirmed the constructive discussions between the parties. Analogic has today filed with the U.S. Securities and Exchange Commission a Current Report on Form 8-K regarding the exchange of correspondence between the parties on this subject.
Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), and Patient Monitoring.