SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
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Date of Report May 17, 1996
(Date of earliest event reported)
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ACTION INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Pennsylvania
(State or other jurisdiction of incorporation or organization)
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Commission File No. 1-6485
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25-0918682
(I.R.S. Employer Identification No.)
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460 Nixon Road, Cheswick, Pennsylvania 15024-1098
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (412) 782-4800
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On May 17, 1996 Action Industries, Inc. confirmed that it has
engaged Parker/Hunter Incorporated, a Pittsburgh based investment
banking firm, to assist the Company in the evaluation of its
available strategic options including the potential for a business
combination or other means of increasing the Company's capital
resources.
In confirming the engagement of Parker/Hunter, T. Ronald Casper,
President and CEO, stated, "During the last several months, we have
had several third parties make unsolicited expressions of interest.
Each inquiry has had its own unique objectives and characteristics.
The underlying strategy in each of the inquiries has been the
development of a long term relationship with Action which uses our
contacts in the retail industry and skills in the creation of
unique programs to serve the promotional needs of today's
retailer."
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned duly authorized.
ACTION INDUSTRIES, INC.
By: T. RONALD CASPER
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T. Ronald Casper
Acting President and Chief
Executive Officer
