WASHINGTON, DC 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):
April 23, 1998
CAMBEX CORPORATION
(Name of Registrant)
Massachusetts 0-6933 04-2442959
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
360 Second Avenue
Waltham, MA 02154
(Address of principal executive offices)
(781) 890-6000
(Registrant's telephone number, including area code)
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ITEM 3. BANKRUPTCY
On April 23, 1998, the United States Bankruptcy Court, Eastern
District of Massachusetts issued an order confirming the
Company's reorganization plan. Under the terms of the
reorganization plan, creditors will receive a full pay out over
the next 36 months either in the form of all cash or a
combination of cash and common stock. The maximum number of new
shares to be issued under the plan is approximately 550,000
shares. As of April 4, 1998, the Company's assets and liabilities
were $2,755,458 and $6,868,555.
SIGNATURES
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.
Cambex Corporation
By: /s/ Sheldon M. Schenkler
Vice President of Finance and
Chief Financial Officer
Date: May 5, 1998
[S] [C]
