-----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, EF5ApIPQ1yxrfpjJ+26SNA50QOyFS2iPw1aiSW8ERz17uutCsGh7xFxvkB8cYuJd +40xhkKFos1oFIefxARoSw== 0000943440-97-000055.txt : 19970808 0000943440-97-000055.hdr.sgml : 19970808 ACCESSION NUMBER: 0000943440-97-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970718 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 19970807 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL PRODUCTS CORP CENTRAL INDEX KEY: 0000028895 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 591141879 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09503 FILM NUMBER: 97653052 BUSINESS ADDRESS: STREET 1: 800 NW 33RD ST CITY: POMPANO BEACH STATE: FL ZIP: 33064 BUSINESS PHONE: 3057839600 MAIL ADDRESS: STREET 1: 800 N W 33 STREET CITY: POMANO BEACH STATE: FL ZIP: 33064 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Commission File No.: 0-9503 Current Report July 18, 1997 (Date of Report - Date of Earliest Event Reported) DIGITAL PRODUCTS CORPORATION Florida 59-1141879 (State or other jurisdiction of (IRS Employer Incorporation or organization) Identification No) 1498 Northwest 3rd Street Deerfield Beach, Florida 33442 (Address of Principal Executive Offices) (954) 296-9600 (Registrant's Telephone Number) None (Former Name, Former Address and Former Fiscal Year, if changed since last report) ITEM 3. BANKRUPTCY OR RECEIVERSHIP On April 3, 1997, the Company filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Act in the U.S. District Court for the Southern District of Florida. Since that date, the Company has continued its day-to-day business under the protection of the Bankruptcy Court as Debtor-In-Possession. The following Monthly Financial Report for Business for the month of June was filed with the Bankruptcy Court on July 16, 1997. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA MIAMI DIVISION IN RE: CASE NUMBER 97-21987BKC-RBR JUDGE RAYMOND B. RAY DEBTOR. CHAPTER 11 DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS) FOR THE PERIOD FROM 6/1/97 TO 6/30/97 Comes now the above-named debtor and files its Periodic Financial Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015. Robert Furr Attorney for Debtor Debtor's Address Attorney's Address And Phone Number: and Phone Number: 1498 NW 3rd Street 1499 W Palmetto Road Deerfield Beach, FL 33442 Boca Raton, FL 33486 954-246-9600 561-395-0500 Monthly Financial Report for Business For the Period Beginning: 6/1/97 and Ending: 6/30/97 Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Date of Petition: 4/3/97
Current Cumulative Month Petition to Date 1. Cash at Beginning of Period $68,443.93 $ 60,846.09 2. Receipts: A. Cash Sales - - Less: Cash Refunds - - Net Cash Sales - - B. Collections on Post Petition A/R 138,154.67 190,442.57 C. Collections on Pre Petition A/R 50,082.95 326,971.81 D. Other Receipts 3,452.18 32,881.26 3. TOTAL RECEIPTS 191,689.80 550,295.64 4. TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) 260,133.73 611,141.73 5. DISBURSEMENTS A. U.S. Trustee Quarterly Fees - - B. Net Payroll 47,801.04 149,432.49 C. Payroll Taxes Paid 20,646.00 65,228.03 D. Sales and Use Taxes - - E. Other Taxes - - F. Rent 5,000.00 15,000.00 G. Other Leases 1,680.48 4,910.00 H. Telephone 8,683.36 57,873.32 I. Utilities - - J. Travel & Entertainment 7,405.09 16,485.60 K. Vehicle Expenses - - L. Office Supplies 1,496.15 1,858.95 M. Advertising 975.00 1,975.00 N. Insurance (Attachment 7) 7,991.48 44,364.98 O. Purchases of Fixed Assets 9,540.11 9,540.11 P. Purchases of Inventory 21,809.87 55,152.97 Q. Manufacturing Supplies - - R. Repairs and Maintenance - 238.50 S. Payments to Secured Creditors - - T. Other Operating Expenses 47,202.01 109,178.64 (Attach List) 6. TOTAL CASH DISBURSEMENTS 180,230.59 531,238.59 7. ENDING CASH BALANCE (LINE 4 - LINE 6) $ 79,903.14 $ 79,903.14
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief. This 15 day of July 1997. Monthly Financial Report for Business Period Beginning: 6/1/97 and Ending: 6/30/97 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
OTHER RECEIPTS Current Cumulative Month to Date IL Unemployment Refund - 701.08 Employees Shipping - 22.25 AT&T Refund - 172.98 Various Misc Income - 837.38 Genesee County Payment in Error - 1,622.00 COD Supplies 267.98 1,441.37 EMS Cash Advance - 24,900.00 State of Utah Receipt in Error 3,184.20 3,184.20 $3,452.18 $32,881.26
OTHER OPERATING EXPENSES Current Cumulative Month to Date Tax Account Bank Charge Service Charges 13.22 86.79 Barnett Bank Bank Charge Wire Transfer Fees - 75.00 Operating Acc Bank Charge Service Charges 118.80 262.71 Payroll Account Bank Charges Service Charges 16.78 62.53 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers 2,906.50 1,078.64 Corporate License Fees - 330.00 Computer Programmer 1,350.00 12,626.25 Subcontractors Labor 6,948.79 7,821.74 Freight 11,913.86 15,717.50 Transfer Agent 9,100.00 12,300.00 Patent Renewals - 6,750.00 Refund (ck Rec in Error) - 1,622.00 Advance Payment Repayment - 24,900.00 Various Medical Claims 1,835.88 1,835.88 Subcontractors Computer Supplies 498.18 498.18 Advanced Promo Tech Deposit 12,500.00 12,500.00 Total $ 47,202.01 $109,178.64
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 6/1/97 and Ending: 6/30/97 ACCOUNTS RECEIVABLE AT PETITION DATE: $534,314.00 ACCOUNTS RECEIVABLE RECONCILIATION (Includes all accounts receivable, pre-petition and post-petition, including charge card sales, which have not been received): Beginning of Month Balance $ 316,849.40 Plus: Current Month New Billings 404,275.71 Less: Collections during the Month 188,237.62 End of Month Balance $ 532,887.49 Aging: (Show the total amount for each age group of accounts Incurred since filing the petition) 0-30 days 31-60 days 61-90 days Over 90 Total Days $291,083.63 26,918.51 7,542.95 325,545.09 The June billing is currently under way. Once completed, there will be additional receivables of approximately $150,000. ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC-RBR Reporting Period Beginning 6/1/97 and Ending 6/30/97 In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to the filing of the petition.
Date Days Incurred Outstanding Vendor Description Amount 24-Apr-97 Millward & Co. Audit 150.00 dispute 30-June-97 United Parcel Service 364-325 4,129.85 30-June-97 United Parcel Service 85E-131 200.00 30-June-97 Dale English Installer (subcontractor) 135.00 30-June-97 Albani Laporte Installer (subcontractor) 365.50 30-June-97 Frank Garner Installer (subcontractor) 255.00 30-June-97 need bill LCI Long distance 22,000.00 $27,235.35
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report) $10,565.31 Plus: New Indebtedness Incurred This Month 27,085.35 Less: Amount Paid on Prior Accounts Payable 10,415.31 End of Month Balance $27,235.35 Secured: List the status of Payments to Secured Creditors and Lessors (Post Petition Only) Number Total of Post Amount of Secured Date Petition Post Petition Creditor/ Payment Payment Payments Payments Lessor Due Amount Delinquent Delinquent None ATTACHMENT 3 Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning 6/1/97 and Ending 6/30/97 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $ 12,473.32 Inventory Purchased during Month 21,809.87 Inventory Used or Sold 27,672.11 Inventory on Hand at End of Month $ 6,611.08 METHOD OF COSTING INVENTORY: Inventory is stated at lower of cost or market using first-in, first-out method in determining cost, and replacement cost or net realizable value in determining market. FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $716,000 (Includes Property, Plant and Equipment) BRIEF DESCRIPTION (First Report Only): FIXED ASSETS RECONCILIATION: Fixed Assets Book Value at Beginning of Month $936,441.67 Less: Depreciation Expense 34,963.00 Plus: New Purchases 9,540.11 Ending Monthly Balance $911,018.78 BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: Computer Equip. for Monitoring $8,160.76 Printer/Fax 773.77 Compress amplifier 605.58 ATTACHMENT 4 MONTHLY BANK RECONCILIATIONS DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 6/1/97 Ending: 6/30/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 66,292.58 Total of Deposits Made 191,689.80 Total Amount of Checks Written 111,634.75 Service Charges 118.80 Transfers to Other Accounts 68,447.04 Closing Balance $77,781.79 Number of First Check Written This Period 1113 Number of Last Check Written This Period 1197 Total Number of Checks Written This Period 84 Voided Checks This Period 1 Total 85 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 1,345.54 Total of Deposits Made 47,801.04 Wires in Total Amount of Checks Written 47,472.90 Service Charges Payroll Depot 328.14 Service Charges 16.78 Transfers to Other Accounts 0.00 Closing Balance $ 1,328.76 Number of First Check Written This Period 189 Number of Last Check Written This Period 245 Total Number of Checks Written This Period 57 Plus Manual Checks 2 Total 59 Plus Direct Deposits 33 Items Total 92 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 6/1/97 Ending: 6/30/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 805.81 Total of Deposits Made 20,646.00 Wires in Total Amount of Checks Written 20,646.00 Wires out Service Charges 13.22 Transfers to Other Accounts 0.00 Closing Balance $ 792.59 ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 6/1/97 And Ending: 6/30/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 6/4/97 1113 Synergy Communications Website Development $ 700.00 6/4/97 1114 Liberty Court Travel Travel 471.00 6/4/97 1115 United Parcel Service Freight 17.34 6/4/97 1116 United Parcel Service Freight 5,337.12 6/4/97 1117 Peggy Conway Contract labor 964.39 6/4/97 1118 US Satellite Corp. Compress amplifier 605.58 6/4/97 1119 Store & Lock Storage 1,142.00 6/4/97 1120 Reliance Standard Insurance 64.84 6/4/97 1121 Riscorp FL Work Comp Ins 248.52 6/4/97 1122 Riscorp VA Work Comp Ins 22.16 6/4/97 1123 Poe & Brown Health Insurance 437.96 6/4/97 1124 Plantation General Medical Claims 495.25 6/4/97 1125 Plantation Radiology Medical Claims 38.50 6/4/97 1126 MCH Physician Group Medical Claims 223.82 6/4/97 1127 MCH Physician Group Medical Claims 105.10 6/4/97 1128 Advanced Orthopedics Medical Claims 483.16 6/4/97 1129 FT Lauderdale Medical Medical Claims 100.00 6/4/97 1130 Joel Hersh DDS Medical Claims 45.00 6/4/97 1131 Columbia Phar. Solu. Medical Claims 345.05 6/4/97 1132 Office Depot Supplies 136.68 6/4/97 1133 Dadan Pkg. Boxes 211.35 6/4/97 1134 Precision Dynamics Straps 408.00 6/4/97 1135 Industrial Assembly Strap kits 5,540.00 6/4/97 1136 Renata Batteries Batteries 2,985.78 6/4/97 1137 American Design Contract Labor 820.00 6/6/97 1138 KBS, Inc. Rent 5,000.00 6/9/97 1139 Seitlin & Company General Insurance 7,218.00 6/9/97 1140 Chuck Nora Computer Supplies 498.18 6/9/97 1141 Kinko's Copy Center Copies 416.98 6/9/97 1142 Office Max Supplies 230.52 6/10/97 1143 United Parcel Service Freight 4.00 6/10/97 1144 Dale English Installer 90.00 6/10/97 1145 Andy Saucedo Installer 10.00 6/10/97 1146 Albani Laporte Installer 465.00 6/10/97 1147 Frank Garner Installer 390.00 6/10/97 1148 Telogy Equipment Rent 131.44 6/10/97 1149 Pitney Bowes Equipment Rent 407.04 1150 Void 6/11/97 1151 Victor Flores Programming 975.00 6/11/97 1152 Industrial Assembly Strap Kits 5,540.00 6/11/97 1153 American Stock Trans. Stkhdr Mailing 7,500.00
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 6/1/97 And Ending: 6/30/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 6/11/97 1154 Richard Angulo Travel Reimbursement $ 846.26 6/11/97 1155 American Design Contract Labor 638.00 6/11/97 1156 American Design Contract Labor 580.00 6/11/97 1157 Mike Graham Travel Reimbursement 790.35 6/12/97 1158 Page Net Pagers 404.13 6/13/97 1159 Audrey Loeb Mileage Reimbursement 17.36 6/13/97 1160 Advanced Promotion Tech Deposit 12,500.00 6/16/97 1161 Liberty Court Travel Travel 1,846.50 6/16/97 1162 Bryan Brown Travel Reim. 413.64 6/20/97 1163 Circuit City Stores Printer/Fax 773.77 6/20/97 1164 American Design Contract Labor 638.00 6/27/97 1165 David Winfner Programming 848.00 6/17/97 1166 TCG Telephone 7,597.76 6/17/97 1167 Swan Strom Tools Pliers 775.00 6/17/97 1168 Industrial Assembly Strap Kits 2,770.00 6/17/97 1169 Precision Dynamics WV Straps 15.83 6/17/97 1170 Liberty Court Travel Travel 1,730.00 6/18/97 1171 Corporate Systems Group Computer Equipment 8,160.76 6/19/97 1172 Office Depot Supplies 154.29 6/19/97 1173 Wincom Bus Systems Programming 848.00 6/20/97 1174 Synergy Communications Website Development 275.00 6/20/97 1175 Chuck Nora Travel 727.98 6/24/97 1176 American Design Contract Labor 638.00 6/24/97 1177 Richard Angulo Travel 1,582.93 6/24/97 1178 Marshall Supplies 147.92 6/24/97 1179 Dadan Pkg. Boxes 529.00 6/25/97 1180 Office Depot Supplies 52.13 6/26/97 1181 Lawrence Martin Freight Reim. 61.63 6/26/97 1182 Andy Saucedo Installer 10.00 6/26/97 1183 Charles Christopher Installer 205.00 6/26/97 1184 Dale English Installer 260.00 6/26/97 1185 Dan Farley Installer 705.00 6/26/97 1186 Frank Garner Installer 355.00 6/26/97 1187 Albani Laporte Installer 416.50 6/26/97 1188 Victor Flores Programming 375.00 6/26/97 1189 American Stock Transfer Monthly charges 1,600.00 6/26/97 1190 United Parcel Service Freight 6,482.38 6/26/97 1191 United Parcel Service Freight 11.39 6/27/97 1192 American Design Contract Labor 974.40 6/27/97 1193 Industrial Assembly Supplies 46.50 6/27/97 1194 Lawrence Martin Telephone Reim. 144.69 6/27/97 1195 Industrial Assembly Strap Kits 2,770.00 6/27/97 1196 Global Industrial Equip. Supplies 70.49 6/30/97 1197 Subway Lunch Meeting 21.40 $111,634.75
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR Report Period Beginning: 6/1/97 and Ending: 6/30/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check # Payee Purpose Amount 6/6/97 189-203+9 direct dep Employees Payroll $ 11,133.49 6/13/97 204-217+10 direct dep Employees Payroll 11,640.25 6/20/97 218-231+7 direct dep Employees Payroll 9,719.33 6/27/97 232-245+7 direct dep Employees Payroll 9,905.73 6/27/97 Total Manual Employees Payroll 5,073.90 Sub Total Payroll Depot 47,472.70 June Payroll Depot Serv. Chg. 328.34 Grand Total $47,801.04
ATTACHMENT 5 DEPOSIT REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 6/1/97 and Ending: 6/30/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account
Date Check # Payee Purpose Amount 6/4/97 wire transfer Comerica Tax Account payroll taxes $ 4,814.65 6/11/97 wire transfer Comerica Tax Account payroll taxes 4,940.35 6/19/97 wire transfer Comerica Tax Account payroll taxes 4,322.46 6/26/97 wire transfer Comerica Tax Account payroll taxes 6,568.54 $ 20,646.00
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 6/1/97 and Ending: 6/30/97 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 6/4/97 Comerica Bank FED WH $2,058.28 FICA 1,804.41 MEDICARE 421.95 FUTA 45.38 MI WH 25.38 NE WH 179.44 VA WH 28.18 FL SUTA 166.15 MI SUTA 18.17 NE SUTA 67.31 $4,814.65 6/11/97 Comerica Bank FED WH $2,130.50 FICA 1,883.26 MEDICARE 440.49 FUTA 42.72 MI WH 25.38 NE WH 187.58 VA WH 28.18 FL SUTA 58.88 MI SUTA 18.17 NE SUTA 125.19 $4,940.35 6/19/97 Comerica Bank FED WH $1,862.99 FICA 1,588.71 MEDICARE 371.55 FUTA 42.36 MI WH 25.38 NE WH 182.10 VA WH 28.18 FL SUTA 60.62 MI SUTA 18.17 NE SUTA 122.50 $4,302.56 6/26/97 Comerica Bank FED WH $3,322.07 FICA 2,066.78 MEDICARE 483.32 FUTA 38.85 MI WH 25.38 NE WH 182.10 VA WH 28.18 IN WH 251.08 FL SUTA 74.24 MI SUTA 18.17 NE SUTA 98.27 $6,588.44
ATTACHMENT 6b DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 6/1/97 and Ending: 6/30/97 TAXES OWED AND DUE Report all unpaid post-petition taxes including Federal & State withholding, FICA, state sales tax, property tax, unemployment taxes and State WC. Date last tax return filed 4/27/97. Period: 1st Quarter 1997; 2nd Quarter returns due 7/31/97.
Name of Taxing Date Payment Description Amount Authority Due Fed Taxes 06/11/97 Fed WH/Fica/Medicare $4,284.64 Pd Fed Taxes 06/18/97 Fed WH/Fica/Medicare 4,454.25 Pd Fed Taxes 06/25/97 Fed WH/Fica/Medicare 3,823.25 Pd Fed Taxes 07/02/97 Fed WH/Fica/Medicare 3,812.55 Pd Fed Taxes 07/02/97 Fed WH/Fica/Medicare 2,059.62 In Transit FUTA 07/31/97 Fed unemployment tax 426.73 MI WH 07/31/97 MI WH 177.66 NE WH 07/31/97 NE WH 910.66 VA WH 07/31/97 VA WH 501.72 IN WH 07/31/97 IN WH 251.08 FL SUTA 07/31/97 FL unemployment 2,281.11 MI SUTA 07/31/97 MI unemployment 109.02 NE SUTA 07/31/97 NE unemployment 480.58
ATTACHMENT 7 SUMMARY OF PERSONNEL & INSURANCE COVERAGES Name of Debtor: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 6/1/97 and Ending 6/30/97 Report all compensation received during the month. Do not include reimbursement for expenses incurred for which you have receipts.
Name of Officer: Title Amount Paid Travel Adv. Richard Angulo Pres/COO $7,384.60 Michael Luther CEO/Chairman 4,615.40 Bryan Brown CFO/Secy 6,153.84
PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 21 2 Number hired during the period 1 1 Number terminated during the period 2 Number of employees on payroll at the end of period 20 3 CONFIRMATION OF INSURANCE List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health & life.
Carrier Agent & Phone # Policy # Coverage Expiration Date Premium Date Due Riscorp of FL Alexander & Alex 12924 WC 4/1/98 7/2/97 305-279-7870 VA Riscorp Dade Underwriters 40076 WC 3/1/98 7/2/97 954-462-1304 Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 7/2/97 Life Insurance 954-763-7971 Poe & Brown Mahoney & Asso. 901 Health 12/31/97 7/2/97 Benefits 954-793-7971 Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 7/1/97 305-591-0090 Liability Nat'l Union Fire Seitlin Ins. BE932 21 38 Umbrella 6/1/98 7/1/97 Ins. Co. of Pitt. 305-591-0090 Liability Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 7/1/97 305-591-0090 Fidelity & Dep. Seitlin Ins. TBA Crime 5/1/98 7/1/97 305-591-0090
ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD SIGNATURES Pursuant to the requirements of the Securities and Exchange act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DIGITAL PRODUCTS CORPORATIONA Dated: August 5, 1997 /s/Bryan K. Brown Bryan K. Brown, Chief Financial Officer The Company filed its Plan of Reorganization and Disclosure Statement on June 16, 1997. -----END PRIVACY-ENHANCED MESSAGE-----