0000026987-95-000029.txt : 19950816 0000026987-95-000029.hdr.sgml : 19950816 ACCESSION NUMBER: 0000026987-95-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950803 ITEM INFORMATION: Other events FILED AS OF DATE: 19950815 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DDL ELECTRONICS INC CENTRAL INDEX KEY: 0000026987 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 330213512 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08101 FILM NUMBER: 95564401 BUSINESS ADDRESS: STREET 1: 7320 SW HUNZIKER ROAD #300 CITY: TIGARD STATE: OR ZIP: 97223-2302 BUSINESS PHONE: 5036201789 MAIL ADDRESS: STREET 1: 7320 SW HUNZIKER ROAD #300 CITY: TIGARD STATE: OR ZIP: 97223-2302 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES DATE OF NAME CHANGE: 19880817 8-K 1 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 (Date of earliest event reported) August 3, 1995 Exact name of registrant as specified in charter: DDL Electronics, Inc. State or other jurisdiction: Delaware Commission file number: 1-8101 IRS employer Identification No.: 33-0213512 Address of principal executive offices: 7320 SW Hunziker Road, Tigard, Oregon 97223-2302 Registrant's telephone number, including area code (503) 620-1789 Item 5. On August 3, 1995, DDL Electronics, Inc. (the "Company") issued a press release attached hereto as Exhibit 99.1 indicating that it extended the 1993 Warrant Exercise Period and decreased Warrant price. ITEM 7. Exhibits Exhibit Description 99.1 News release dated August 3, 1995 SIGNATURES 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 thereunto duly authorized. DDL ELECTRONICS, INC. Dated: August 3, 1995 By: /s/ Don A. Raig Don A. Raig Interim President and Chief Operating Officer EX-99 2 NEWS RELEASE Subject: DDL Extends 1993 Warrant Exercise Period and Decreases Warrant Price Resulting in Cash Infusion Coming into Company Date: August 3, 1995 Contact: Don A. Raig (503) 620-1789 Tigard, Oregon August 3, 1995. In a statement today, Don A. Raig, Chief Operating Officer of DDL Electronics, Inc. (NYSE_DDL) announced today that the holders of its 1993 common stock purchase warrants had approved an amendment to their agreement with the company extending the warrant exercise period and decreasing the warrant exercise price. The exercise period, which would have expired July 31, 1995, now expires at 5:00 p.m. New York time on Friday, December 29, 1995. The exercise price, which had been "out of the money" for several months, is now $1.42 per share. The Company's common stock closed yesterday on the New York Stock Exchange at a share price of $1.875 per share. The consent of a majority of the warrant holders was required to secure approval of these new terms. At Fiscal Year End June 30, 1995, the Company had 16,062,979 shares of common stock outstanding. The 1993 warrants cover an additional 223,500 shares of common stock. As of this time, 80% of warrant holders have advised the Company that they intend to exercise their warrants with no warrant holders indicating they will not. The exercise of all warrants will result in gross cash proceeds to the company of $317,370 which management will use for working capital and other general corporate purposes. Although the common stock issuable upon warrant exercise cannot practicably be resold without registration, the Company has agreed to register the shares for resale and expects to file an appropriate registration statement with the Securities and Exchange Commission by the end of this month. DDL Electronics, Inc. is a rapidly growing independent provider of electronic contract manufacturing services and a fabricator of printed circuit boards used primarily in the computer, communica- tions and instrumentation industries. Headquartered in Tigard, Oregon, the Company's operations are conducted from facilities in Northern Ireland. DDL Electronics, Inc. corporate office is located at 7320 SW Hunziker Road, Suite 300, Tigard, Oregon 97223-2302. Telephone 503-620-1789, fax 503-620-1676.