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) May 31, 1995
DDL Electronics, Inc.
(Exact name of registrant as specified in charter)
(State or other jurisdiction) Delaware
(Commission file number) 1-8101
(IRS employer identification No. 33-0213512
7320 SW Hunziker Road, Tigard, Oregon 97223-2302
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (503)
620-1789
<PAGE>
Item 5.
On June 1, 1995, DDL Electronics, Inc. (the "Company") issued a
press release attached hereto as Exhibit 99.1 indicating that the
Company's Chairman and Chief Executive Officer, William E. Cook
had resigned from the Company. The press release also indicated
that the Company had appointed five new directors replacing Mr.
Cook and the Company's two existing directors up for re-election.
ITEM 7. Exhibits
Exhibit Description
99.1 News release dated June 1, 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: June 7, 1995 By: /s/M. Charles Van Rossen
M. Charles Van Rossen
Vice President, Finance
(Principal Financial Officer)
(DDL Electronics, Inc. letter head)
NEWS RELEASE
Subject: DDL Electronics, Inc. Agrees to Expand Board and
Elect Five New Directors. CEO and Chairman of the
Board William E. Cook Resigns from All Positions
Date: June 1, 1995
Contact: M. Charles Van Rossen
(503) 620-1789
Rosemont, Illinois, May 31, 1995. At the annual meeting of
stock-
holders of DDL Electronics, Inc. (NYSE_DDL) held here today, the
Company's Board of Directors agreed to relinquish control of the
Board to a slate of new directors supported by a majority of the
Company's shareholders and Mr. William E. Cook, the Company's
Chairman and Chief Executive Officer, agreed to resign.
The new Board of Directors, which is most optimistic over the
future prospects for the Company, comprised of Bernee D. L.
Strom, Melvin Foster, Robert G. Wilson, Philip H. Alspach, Don A.
Raig,and Erven Tallman will work as a team pursuing an aggressive
program of sustained, profitable growth.
This team strategy of the new Board will allow the Company to
focus on:
1. Increasing the Company's revenues and eliminating non-
productive expenses resulting in an improved financial
performance for the Company;
2. Implementing a program of mergers and acquisitions of
public and private companies in the PCB and SMT industries and
developing strategic alliances in the back plane and flex tech-
nology areas; and
3. Fulfilling the ultimate commitment of enhancing share-
holder value.
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.
