-----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, Utiq3DqD+JVU+PYw0JZLAriUCQfB5aH9PQCNdP2cyhGU+AhHPLLAz7SnJk205nOW T4t7gwy0OjqyI3/M/04Jiw== 0000026987-98-000001.txt : 19980116 0000026987-98-000001.hdr.sgml : 19980116 ACCESSION NUMBER: 0000026987-98-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 ITEM INFORMATION: FILED AS OF DATE: 19980115 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: SEC FILE NUMBER: 001-08101 FILM NUMBER: 98507772 BUSINESS ADDRESS: STREET 1: 2151 ANCHOR COURT CITY: NEWBURY PARK STATE: CA ZIP: 91320 BUSINESS PHONE: 805-376-9415 MAIL ADDRESS: STREET 1: 2151 ANCHOR COURT CITY: NEWBURY PARK STATE: CA ZIP: 91320 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): December 31, 1997 _____________________ Exact Name of Registrant as Specified in Its Charter: DDL ELECTRONICS, INC. ______________________________ DELAWARE 1-8101 33-0213512 _____________________________ ____________ _____________ State or Other Jurisdiction of Commission I.R.S. Employer Incorporation or Organization File Number Identification No. Address of Principal Executive Offices: 2151 Anchor Court Newbury Park, CA 91320 _________________________ Registrant's Telephone Number, Including Area Code: (805) 376-9415 _________________________ Former Name or Former Address, if Changed Since Last Report: Not applicable _________________________ Item 5. Other Events. In a press release dated January 15, 1998, a copy of which is attached as Exhibit 99.1, DDL Electronics, Inc. ("DDL") announced that DDL has entered into a definitive agreement to acquire Jolt Technology, Inc., an electronic manufacturing services provider in Fort Lauderdale, Florida, for nine million shares of DDL's common stock. Item 7. Exhibits. Exhibit Description _______ ____________ 99.1 Press release dated January 15, 1998. 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 thereunto duly authorized. DDL ELECTRONICS, INC. January 15, 1998 /s/ Richard K. Vitelle _________________________________ ___________________________________ Date Richard K. Vitelle Vice President - Finance (Principal Financial Officer) EX-99 2 EXHIBIT 99.1 FOR IMMEDIATE RELEASE From: DDL Electronics, Inc. Contact: Rick Vitelle 2151 Anchor Court Chief Financial Officer Newbury Park, California 91320 (805) 376-9415, ext. 142 DDL ELECTRONICS, INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE JOLT TECHNOLOGY, INC. NEWBURY PARK, CA, January 15, 1998 -- DDL Electronics, Inc. (NYSE:DDL) announced today that it has entered into a definitive agreement to acquire Jolt Technology, Inc., an electronic manufacturing services (EMS) provider in Fort Lauderdale, Florida, for nine million shares of DDL's common stock. "Jolt has earned an excellent reputation in the EMS industry and has a very talented management team that is extremely customer oriented", said Gregory L. Horton, President and Chief Executive Officer of DDL. "The potential to integrate Jolt's operations with those of DDL's other EMS companies should enhance the overall return from this transaction", he added. "The acquisition of Jolt is consistent with DDL's strategy of acquiring small to medium sized contract manufacturers specializing in high mix, high complexity electronic assemblies in geographic areas of OEM concentration." The acquisition is subject to approval by DDL's stockholders at its upcoming annual meeting, which will be held in March. Preliminary proxy materials for this transaction have been filed with the Securities and Exchange Commission on a non-public basis, and will be distributed to DDL's stockholders in several weeks once clearance is received from the SEC. "The transaction will be accounted for as a pooling of interests", commented Richard K. Vitelle, DDL's Chief Financial Officer, "and is expected to be accretive to DDL's earnings per share. The acquisition of Jolt will also improve DDL's balance sheet and will bring the Company a key strategic presence in Florida." Jolt Technology, Inc., founded in 1989, specializes in quick-turn production of high-end commercial electronic assemblies for OEMs in the medical devices, instrumentation, computer and telecommunications industries using principally surface mount technology. For the past five years, Jolt has received the Service Excellence Award for Contract Electronic Manufacturers at the Surface Mount International trade show in San Jose. The Service Excellence Award competition, which is sponsored by Circuits Assembly magazine and Technology Forecasters, Inc., ranks contract manufacturers based on customers' evaluations in five service categories: technology; manufacturing quality; timely delivery; responsiveness; and value for price. DDL Electronics, Inc., headquartered in Newbury Park, California, provides integrated design and electronic manufacturing services to OEMs in the instrumentation, communications, computer, medical and aerospace industries. The Company's EMS operations are located in Southern California and Northern Ireland. The Company also fabricates multilayer printed circuit boards at its subsidiary Irlandus Circuits Ltd. located in Northern Ireland. Certain statements made above are forward-looking in nature and reflect DDL's current expectations and anticipated future plans. Such statements involve various risks and uncertainties that could cause actual results to differ materially from those forecast in the statements. Factors that might cause such differences would include, without limitation, the factors described as "Risk Factors" in the Company's Registration Statement on Form S- 3 (No. 333-31349) on file with the Securities and Exchange Commission. # # # -----END PRIVACY-ENHANCED MESSAGE-----