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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 ): August 10, 1998
AML COMMUNICATIONS, INC.
(Exact name of Registrant as specified in charter)
Commission File Number: 0-27252
Delaware 77-0130894
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(State or Other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
1000 Avenida Acaso
Camarillo, California 93012
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(Address of principal executive offices) (Zip Code)
(805) 388-1345
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(Issuer's telephone number including area code)
None
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. OTHER EVENTS
In a press release dated August 10, 1998, AML Communications, Inc. (the
"Company") announced that its board of directors authorized a stock buyback
program of up to 400,000 shares of the Company's outstanding common stock.
Shares repurchased pursuant to the buyback will be purchased from time to time
in the open market or in negotiated transactions and will be held for issuance
in connection with the future exercise of employee stock options.
Attached as Exhibit 99 and incorporated herein by reference to this Form 8-K is
a copy of the press release dated August 10, 1998 of the Company.
Item 7. EXHIBITS
(c) Exhibits
99 Press release issued by AML Communications, Inc. on August 10, 1998.
Signatures
Pursuant to the requirements of Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
AML Communications, Inc.
Date: August 12, 1998
By: /s/ Kirk A. Waldron
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Kirk A. Waldron
Vice President, Finance,
Chief Financial Officer, and
Chief Operating Officer
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EXHIBIT 99
Contact: Kirk A. Waldron
Vice President of Finance,
Chief Financial Officer and Chief Operating Officer
(805) 388-1345, Ext. 201
Gary S. Maier/Cecilia Wilkinson
Pondel Parsons & Wilkinson
(310) 207-9300
FOR IMMEDIATE RELEASE
AML COMMUNICATIONS ANNOUNCES
STOCK REPURCHASE PROGRAM
CAMARILLO, CALIFORNIA -- AUGUST 10, 1998 -- AML Communications Inc.
(Nasdaq:AMLJ) today announced that its board of directors has authorized a stock
buyback program of up to 400,000 shares of the company's outstanding common
stock. Shares repurchased pursuant to the buyback will be held for issuance in
connection with future exercise of employee stock options. The common stock
will be repurchased from time to time in the open market or in negotiated
transactions, depending on market conditions and other factors. AML has
approximately 6.3 million common shares outstanding.
Jacob Inbar, president and chief executive officer, said, "We believe the
current stock price does not adequately represent the value of AML's shares.
The share repurchase program reflects our confidence in AML's long-term
prospects and the significant opportunities in the rapidly growing
telecommunications marketplace."
AML Communications Inc., designs, manufactures and markets multicarrier
amplifiers and masthead amplifiers for the cellular, PCS, paging and satellite
communication markets.
The information contained in this press release contains certain forward-
looking statements that involve risk and uncertainties, such as the statements
of the Company's plan, objectives, expectations and intentions. The Company's
actual results could differ materially from those indicated by such statements
as a result of various factors, including but not limited to, the opportunity
for future orders, economic conditions, both domestically and internationally;
lack of visibility in acquiring new customers; potential deterioration of
business and economic conditions in the Company's customers' marketplaces;
intensely competitive industry conditions with increasing price competition;
continued favorable business conditions; and, growth in the wireless
communications market, as well those factors discussed in the Company's Form 10-
KSB and Form 10-QSB on file with the SEC.
