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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
Current Report
Filed pursuant to Section 12, 13, or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 20, 1998
EIP MICROWAVE, INC.
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(Exact name of issuer as specified in charter)
DELAWARE 0-5351 95-2148645
(State or other jurisdiction of Commission (I.R.S. Employer Identification
incorporation or organization) file number Number)
4500 Campus Drive
Suite 219
Newport Beach, California 92660
(Address of principal executive offices)
714-851-3177
(Registrant's telephone number, including area code)
1745 McCandless Drive
Milpitas, California 95035
408-945-1477
(Address of principal place of business)
Item 5. Other Events
On March 20, 1998, EIP Microwave, Inc. (the "Company") completed a rights
offering (the "Rights Offering") of 5,948,698 shares of its Common Stock
("Shares") at a subscription price of $0.50 per Share to its stockholders of
record on November 7, 1997 (the "Record Date").
The Company received subscriptions and payment for (i) 2,285,906 shares at
the aggregate purchase price of $1,142,953, pursuant to the basic subscription
rights, and (ii) 3,516,318 shares at an aggregate purchase price of $1,758,159,
pursuant to the over-subscription privilege. All subscriptions pursuant to the
basic subscription rights and the over-subscription privilege were accepted by
the Company, and the Company issued the 5,802,224 shares in the aggregate with
an aggregate subscription price of $2,901,112. Net proceeds to the Company were
approximately $2,706,112, net of offering costs.
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SIGNATURE
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.
EIP MICROWAVE, INC.
April 1, 1998 /s/ J. Bradford Bishop
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J. Bradford Bishop
Chairman and Chief Executive Officer
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