PUROFLOW INC
8-K, 1996-08-27
GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC
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<PAGE>
                       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 22, 1996



                              PUROFLOW INCORPORATED
            ---------------------------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>
<S><C>

           DELAWARE                                            13-1947195
- -----------------------------                        ------------------------------------
(State or other jurisdiction of incorporation)        (I.R.S. Employer Identification No.)

</TABLE>

                                          0-5622
                                 -----------------------
                                 (Commission File Number)



   16559 Saticoy Street, Van Nuys, California               91406
- -----------------------------------------------     --------------------------
(Address of principal executive offices)                    (Zip Code)

       Registrant's telephone number, including area code: (818) 756-1388



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

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Item 1     None

Item 2     None

Item 3     None

Item 4     None

Item 5    The Receivership Estate was terminated by order of the Court and
          control of the Registrant returned to the Board of Directors and
          Management as of August 22, 1996.

Item 6    None

Item 7    None

Item 8    None

          EXHIBIT A

          Order of Superior Court of State of California, County of Los Angeles
          terminating Receivership Estate on August 22, 1996.


                                    SIGNATURE

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 hereto
duly authorized.

                                   PUROFLOW INCORPORATED
                                        Registrant


                                   By:  /s/ MICHAEL H. FIGOFF
                                       -----------------------------
                                       Michael H. Figoff
                                       President/CEO


Dated: August 23, 1996


                               

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CHRISTINE POLLARD
State Bar Number 116095
MICHAEL D. MYERS
State Bar Number 86996
675 West Foothill Boulevard
Suite 200
Claremont, CA  91711
Telephone: (909) 398-4200

Representing, MICHAEL D. MYERS,
State Court Receiver


                    SUPERIOR COURT OF THE STATE OF CALIFORNIA

                     COUNTY OF LOS ANGELES, CENTRAL DISTRICT


IMPERIAL BANK,                )   CASE NO.: BC 126 904
                              )   Assigned to Judge
            Plaintiff,        )   Gregory O'Brien
                              )
vs.                           )   ORDER
                              )   AUTHORIZING RECEIVERSHIP TO
PUROFLOW CORPORATION, etc.,   )   TURN OVER RECEIVERSHIP
et al.,                       )   ASSETS TO DEFENDANTS
                              )
           Defendants.        )   Date:   August 22, 1996
 -----------------------------)   Time:   8:30 a.m.
                                  Dept:   21

TO ALL PARTIES AND TO THEIR COUNSEL OF RECORD:



     The EX PARTE Application of MICHAEL D. MYERS, State Court Receiver in the
instant matter, for authorization to turn over to Defendants, their day to day
business operations, and the assets of the Receivership Estate, having been read
and considered, and good cause appearing therefore.



     IT IS HEREBY ORDERED:


                                    EXHIBIT A

                                        1
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     1.   The Receiver is authorized to turn over the assets of the Receivership
Estate to Defendants, so long as such a turnover does not impair the Estate's
ability to pay its debts or claims brought against it.


Dated: August 22, 1996                /s/ GREGORY C. O'BRIEN, JR
       ----------------               ----------------------------------
                                      JUDGE OF THE SUPERIOR COURT


This order incorporates the stipulations of the parties and representations of
the receiver as reflected in the notes of the official Electronic Recording
Monitor at today's hearing of record.


                                        /s/ GREGORY C. O'BRIEN, JR


                                        2




 


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