U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: December 9, 1996
BOONTON ELECTRONICS CORPORATION
A New Jersey Corporation
Commission File Number 0-2364
I.R.S. Employer Identification No. 22-1543137
25 Eastmans Road, PO Box 465, Parsippany, N.J. 07054-0465
(201) 386-9696
Item 5. Other Events
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On December 9, 1996, in accordance with the Subscription and Option
Agreement dated October 21, 1996, by and between Boonton Electronics
Corporation (BEC) and G.E.M. USA, Inc. (GEM), BEC received, from GEM, Two
Hundred Thousand Dollars ($200,000.00) for the purchase of 80,000 shares
of authorized but unissued common shares for Two Dollars and Fifty Cents
($2.50) per share. In return, BEC provided GEM with a stock certificate for
the 80,000 shares of stock. As a result of the above noted actions, all of the
documents executed effective October 21, 1996, pursuant to the Subscription and
Option agreement, became effective on December 9, 1996.
The Subscription and Option Agreement further provides an option to GEM for
an additional purchase of 443,700 shares of authorized but unissued common
shares for Three Dollars and Twenty-Four Cents ($3.24) per share or One Million
Four Hundred and Thirty-Seven Thousand Five Hundred and Eighty-Eight Dollars
($1,437,588.00).
Exhibits: None
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Signature
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Boonton Electronics Corporation
By: /s/ John E. Titterton
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John E. Titterton
Secretary/Treasurer and Vice
President Finance
Dated: January 7, 1997
