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) August 3, 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 August 3, 1995, DDL Electronics, Inc. (the "Company") issued a
press release attached hereto as Exhibit 99.1 indicating that it
extended the 1993 Warrant Exercise Period and decreased Warrant
price.
ITEM 7. Exhibits
Exhibit Description
99.1 News release dated August 3, 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: August 3, 1995 By: /s/ Don A. Raig
Don A. Raig
Interim President and Chief Operating
Officer
NEWS RELEASE
Subject: DDL Extends 1993 Warrant Exercise Period and
Decreases Warrant Price Resulting in Cash Infusion
Coming into Company
Date: August 3, 1995
Contact: Don A. Raig
(503) 620-1789
Tigard, Oregon August 3, 1995. In a statement today, Don A.
Raig, Chief Operating Officer of DDL Electronics, Inc. (NYSE_DDL)
announced today that the holders of its 1993 common stock
purchase warrants had approved an amendment to their agreement
with the company extending the warrant exercise period and
decreasing the warrant exercise price. The exercise period,
which would have expired July 31, 1995, now expires at 5:00 p.m.
New York time on Friday, December 29, 1995. The exercise price,
which had been "out of the money" for several months, is now
$1.42 per share. The Company's common stock closed yesterday on
the New York Stock Exchange at a share price of $1.875 per share.
The consent of a majority of the warrant holders was required to
secure approval of these new terms.
At Fiscal Year End June 30, 1995, the Company had 16,062,979
shares of common stock outstanding. The 1993 warrants cover an
additional 223,500 shares of common stock. As of this time, 80%
of warrant holders have advised the Company that they intend to
exercise their warrants with no warrant holders indicating they
will not. The exercise of all warrants will result in gross cash
proceeds to the company of $317,370 which management will use for
working capital and other general corporate purposes.
Although the common stock issuable upon warrant exercise cannot
practicably be resold without registration, the Company has
agreed to register the shares for resale and expects to file an
appropriate registration statement with the Securities and
Exchange Commission by the end of this month.
DDL Electronics, Inc. is a rapidly growing independent provider
of electronic contract manufacturing services and a fabricator of
printed circuit boards used primarily in the computer, communica-
tions and instrumentation industries. Headquartered in Tigard,
Oregon, the Company's operations are conducted from facilities in
Northern Ireland.
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.
