1
 Prospect Group Inc., 
5001
span

2
whose recent hostile tender offer for Recognition Equipment Inc. failed for lack of financing, 
1
elaboration-additional-e

3
apparently has gained a measure of control over the troubled company anyway.
5002
Same-Unit

4
 As part of what a Recognition spokeswoman termed an amiable agreement, Prospect Group will wind up with control of top management posts and an increased stake in the maker of data management equipment.
5024
span

5
 In a management restructuring, Thomas L. Ringer resigned as chairman, chief executive and a director, 
5005
List

6
while Israel Sheinberg resigned as a director. 
5005
List

7
Mr. Sheinberg remains as executive vice president.
5009
List

8
 Thomas M. Hurley and Robert A. Vanourek, 
5007
span

9
who had been designated to take over Recognition's top spots 
5006
span

10
had Prospect's tender offer succeeded, 
9
condition

11
were named co-chief executives and directors.
5008
Same-Unit

12
 Mr. Hurley was formerly a vice president and general manager of an Avery International division; 
5010
List

13
Mr. Vanourek was a former group vice president of Pitney Bowes Inc. 
5010
List

14
 In addition, the agreement calls for Gilbert H. Lamphere, chairman of Prospect Group's executive committee, to be named chairman of a restructured board 
5012
span

15
that will include four new independent directors. 
14
elaboration-object-attribute-e

16
Also named to the revised board was Thomas A. Loose, Recognition's senior vice president and general counsel.
5014
List

17
 Prospect, a New York-based leveraged buy-out firm, also agreed to invest $15 million in Recognition, 
5017
span

18
which in turn agreed to repurchase as much as $20 million of its stock.
17
elaboration-additional-e

19
 That would increase Prospect's ownership of the company's fully-diluted shares outstanding to 20% from 14.1%.
5017
hypothetical

20
 Under the agreement, Prospect is permitted to increase its stake in Recognition to 30%.
5018
circumstance

21
 Beyond that, Prospect said 
22
attribution

22
it wouldn't offer to acquire additional shares for less than $11.25 a share during the next year or less than $14.06 a share during the subsequent two years.
5022
span

23
 Recognition also said 
5029
attribution

24
it obtained a commitment from Chemical Bank and Bank of Boston 
5029
span

25
to convert an estimated $18 million in bank debt to a new, 24-month secured term loan 
5028
span

26
to be repaid through the sale of certain assets. 
25
elaboration-object-attribute-e

27
 In August, Recognition said 
5036
attribution

28
it was in violation of certain terms of its debt agreements with bank lenders 
5036
span

29
because of a $3.9 million loss for the third quarter 
5033
span

30
ended July 31.
29
elaboration-object-attribute-e

31
 The company attributed the loss to declining revenue and litigation costs 
5037
span

32
relating to criminal charges against the company and two former executives, William G. Moore Jr. and Robert W. Reedy.
5041
span

33
 The former executives were indicted last October on charges of fraud, theft and conspiracy 
5040
span

34
related to efforts by the company 
5039
span

35
to win $400 million in Postal Service contracts.
34
elaboration-object-attribute-e

36
 Recognition Equipment said 
37
attribution

37
it expected to put the agreement with Prospect to a vote of its stockholders at a special meeting in January. 
5043
span

38
 In New York Stock Exchange composite trading, Recognition rose 87.5 cents to $6.625. 
5045
Contrast

39
Prospect slipped 25 cents to $10.50 in national over-the-counter trading.
5045
Contrast

5001
span
5002
Same-Unit

5002
multinuc
5023
span

5003
span



5004
span



5005
multinuc
5047
Contrast

5006
span
8
elaboration-additional-e

5007
span
5008
Same-Unit

5008
multinuc
5011
span

5009
multinuc
5015
List

5010
multinuc
5008
background

5011
span
5009
List

5012
span
5014
List

5013
span



5014
multinuc
5015
List

5015
multinuc
5047
Contrast

5016
span



5017
span
5018
span

5018
span
5048
span

5019
span



5020
span



5021
span



5022
span
5048
antithesis

5023
span
5050
Topic-Drift

5024
span
5002
explanation-argumentative

5025
span



5026
span



5027
span



5028
span
24
elaboration-object-attribute-e

5029
span
5030
span

5030
span
5051
Contrast

5031
span



5032
span



5033
span
28
consequence-n

5034
span



5035
span
5038
span

5036
span
5035
span

5037
span
5035
explanation-argumentative

5038
span
5051
Contrast

5039
span
33
elaboration-object-attribute-e

5040
span
32
elaboration-general-specific

5041
span
31
elaboration-object-attribute-e

5042
span



5043
span
5050
enablement

5044
span



5045
multinuc
5052
consequence-s

5046
span



5047
multinuc
4
elaboration-general-specific

5048
span
5049
span

5049
span
5050
Topic-Drift

5050
multinuc
5052
span

5051
multinuc
5050
Topic-Drift

5052
span
5053
span

5053
span



