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) June 28, 1995
Exact name of registrant as specified in charter: DDL
Electronics, Inc.
State or other jurisdiction: Delaware
Commission file number: 1-8101
IRS employer Identification No.: 33-0213512
Address of principal executive offices: 7320 SW Hunziker Road,
Tigard, Oregon 97223-2302
Registrant's telephone number, including area code (503)
620-1789
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Item 5.
On June 28, 1995, DDL Electronics, Inc. (the "Company") issued a
press release attached hereto as Exhibit 99.1 indicating that it
had retained Fechtor Detwiler as investment bankers for the
Company.
ITEM 7. Exhibits
Exhibit Description
99.1 News release dated June 28, 1995
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 thereunto duly
authorized.
DDL ELECTRONICS, INC.
Dated: July 12, 1995 By:______________________________
Dominic Salvati
Interim Chief Financial Officer
NEWS RELEASE
Subject: DDL Retains Fechtor Detwiler as Investment Bankers
Date: July 12, 1995
Contact: Don A. Raig
(503) 620-1789
Tigard, Oregon June 28, 1995. Chairman and Acting Chief
Executive Officer Erven Tallman announced today that the new
board of directors of DDL Electronics, Inc. (NYSE_DDL) is in
place and moving forward with a new strategic plan for the
company. Priority will be assigned to the tasks of setting in
place a strategic plan for domestic operations and supporting and
expanding the company's manufacturing operations in Ireland.
DDL has retained the services of Fechtor, Detwiler & Company Inc.
as financial and investment advisers to evaluate the company's
operations and make recommendations regarding business
organization and financial structures which are consistent with
the goals of the strategic plan, and to identify acquisition or
merger candidates which would strengthen the company and broaden
its business opportunities.
The board has received a preliminary report concerning its
European production facilities which confirms both the capacity
and quality of these operating subsidiaries. DDL Europe Ltd. and
Irlandus Circuits, Ltd., both located in Northern Ireland, have
more than 300 employees and presently serve European customers in
contract manufacturing and for the medical, telecommunications,
computing and military industries. Both subsidiaries are
certified to ISO 9002 quality standards. The European
subsidiaries have the capacity to expand production with existing
equipment and facilities. The company will place a high priority
upon broadening the customer base for its European operating
subsidiaries, including increased marketing activities for
exports to North America.
Mr. Tallman emphasized that the board will concentrate its
efforts upon sound strategic planning and long term growth which
will increase the value to its shareholders.
DDL Electronics, Inc. corporate office is located at 7320 SW
Hunziker Road, Suite 300, Tigard, Oregon 97223-2302. Telephone
503-620-1789, fax 503-620-1676.
