-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LSy9zDhpknytf1i7ghOBnIa4YHeFqMZ5M+Jm6us8+iXuEz9BI7SnKk8Ch6rWdBht g/vpSgYjQIAHM1MrGfjOag== 0000906344-98-000025.txt : 19980305 0000906344-98-000025.hdr.sgml : 19980305 ACCESSION NUMBER: 0000906344-98-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980301 ITEM INFORMATION: FILED AS OF DATE: 19980304 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA MICROWAVE INC CENTRAL INDEX KEY: 0000016357 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 941668412 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-07428 FILM NUMBER: 98557136 BUSINESS ADDRESS: STREET 1: 985 ALMANOR AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087324000 MAIL ADDRESS: STREET 1: 985 ALMANOR AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 FORM 8-K 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 March 1, 1998 Date of Report (Date of earliest event reported) CALIFORNIA MICROWAVE, INC. (Exact name of registrant as specified in its charter) Delaware 0-7428 94-1668412 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1143 Borregas Avenue, Sunnyvale, California 94089 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including are code):408/732-4000 -1- Item 5. Other Events. California Microwave, Inc. entered into an agreement, dated as of March 1, 1988, with Tadiran Ltd. to sell its Microwave Networks division for $35 million in cash. On February 12, 1998, California Microwave announced that it had completed the sale of its STS division for $27 million in cash. At June 30, 1997, the Company provided $8.4 million, after tax, for loss on disposal of these to-be-discontinued businesses. Based upon the current expected proceeds from the divestiture of these businesses, and upon the losses incurred and to be incurred by the businesses prior to divestiture, the Company estimates that an additional provision in the range of $12 to $12.5 million, after tax, or $.73 to $.76 per share, will be provided for loss on disposal of discontinued businesses in the quarter ending March 31, 1998. Final accounting for these divestitures is subject to completion of the divestiture process. The closing of the transaction is subject to certain conditions, including the obtaining of any required regulatory approvals. 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 hereunto duly authorized. CALIFORNIA MICROWAVE, INC. (Registrant) By: /s/ George L. Spillane _________________________________ Name: George L. Spillane Title: Vice President and Secretary Dated: March 3, 1998 -2- -----END PRIVACY-ENHANCED MESSAGE-----