0001144204-11-036986.txt : 20110622 0001144204-11-036986.hdr.sgml : 20110622 20110622160340 ACCESSION NUMBER: 0001144204-11-036986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110616 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110622 DATE AS OF CHANGE: 20110622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL POWER CORP CENTRAL INDEX KEY: 0000896493 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 941721931 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12711 FILM NUMBER: 11925701 BUSINESS ADDRESS: STREET 1: 41324 CHRISTY STREET CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 5106572635 MAIL ADDRESS: STREET 1: 41324 CHRISTY STREET CITY: FREMONT STATE: CA ZIP: 94538 8-K 1 v226703_8k.htm Unassociated Document

UNITED STATES
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):  June 16, 2011

_______________
 

DIGITAL POWER CORPORATION
 (Exact name of registrant as specified in its charter)
 
94-1721931
1-12711
California
(IRS Employer Identification No.)
Commission File Number
(State or other jurisdiction of incorporation)

 
41324 Christy Street, Fremont, CA 94538-3158
(Address of principal executive offices and zip code)
 
Registrant’s telephone number, including area code: (510) 657-2635
 

(Former name or former address, if change since last report)

 

 


Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
1
 
 
Item 2.01
Completion of Acquisition or Disposition of Assets
 
On June 16, 2011, Digital Power Ltd., a wholly-owned subsidiary of Digital Power Corporation (the "Company"), acquired 1,136,666 shares of Telkoor Telecom Ltd. ("Telkoor"), which is organized under the laws of the State of Israel and is the Company's largest shareholder, for NIS 3.00 per share, which represents 8.8 percent of the outstanding shares of Telkoor.
 
Under Israeli law, due to Telkoor's ownership of shares in the Company, the shares acquired in this transaction will not have voting rights so long as such shares are held by the Company.
 
A copy of a press release regarding the acquisition is attached hereto as Exhibit 99.1 and incorporated herein by reference.
 
Item 9.01
Financial Statements and Exhibits
 
The following is a list of the exhibits filed herewith:
 
99.1
Press release regarding “Digital Power Corporation Announces the Acquisition of 8.8% of Telkoor Telecom Ltd.”, dated June 20, 2011.
 
 
2
 

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.
 
 
    DIGITAL POWER CORPORATION
     
     
   
By: /s/ Amos Kohn
   
President & Chief Executive Officer
     
 
Dated: June 22, 2011
 
 
3
 
EX-99.1 2 v226703_ex99-1.htm Unassociated Document

 
Digital Power Corporation Announces the Acquisition of 8.8% of Telkoor Telecom Ltd.
 
Fremont, CA, June 20, 2011 – Digital Power Corporation (NYSE Amex: DPW) announced that it has acquired 1,136,666 shares of its largest shareholder, Telkoor Telecom Ltd. (”Telkoor”), for $0.88 per share, which represents 8.8% of the outstanding shares of Telkoor. 
 
This transaction was made by Digital Power’s wholly-owned subsidiary, Digital Power Limited. As a result of the transaction, an existing manufacturing agreement between Digital Power and Telkoor will be updated and extended. In addition, subject to the approval of its board of directors, Telkoor intends to consider the appointment of Amos Kohn, President and CEO of Digital Power, to its board of directors, and intends to consider a policy for the payment of dividends to shareholders.
 
Commenting on the transaction, Amos Kohn, President and CEO of Digital Power Corporation said, ”We are pleased to report this acquisition of Telkoor’s shares. This transaction will tighten our existing business relationship and strengthen the synergy between the two companies. It also will secure Digital Power’s access to technologies and products that are developed by Telkoor. This transaction is the first step in Digital Power’s strategic collaboration plan as a leading provider of power solutions for our markets.”
 
About Digital Power Corporation
 
Headquartered in Fremont, Calif., Digital Power Corporation designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers demand high density, high efficiency and ruggedized power solutions. Its wholly-owned subsidiary, Digital Power Limited, is based in Salisbury, UK.
 
About Telkoor Telecom Ltd.
 
Telkoor Telecom Ltd. (TASE: TLKR) designs, develops, manufactures, and sells high density power supply solutions for military and commercial applications. The company offers its custom designed products for electronic warfare systems, advance data links, missiles, rugged computer systems, fire control systems, radar, navigation systems, IFF systems, and other electronic defense systems. Telkoor Telecom Ltd. is based in Netanya, Israel.
 

Reader's contact:
Digital Power Corporation
41324 Christy St., Fremont, CA, 94538-3158
Guy Levy
Glevy@digipwr.com
1 866 344-7697

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