UNITED STATES
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 September 22, 1997
DATAMARINE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
0-8936
(Commission File Number)
Massachusetts 04-2454559
(State of Incorporation) (I.R.S. Employer Identification Number)
7030 220th NW, Mountlake Terrace, Washington 98043
(Address of principal executive offices)
(425) 771-2182
(Registrant's telephone number, including area code)
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Item 5. Other Events
During the month of September 1997 the Company will issue $650,000 in
subordinated short-term notes to a group comprised of five individual
investors including a Director of the Company. The notes are for a six
month term, renewable at the Company's option for one additional six month
period. Note holders will receive 10% interest plus warrants for 10,920
shares of common stock.
SIGNATURES
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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.
Datamarine International, Inc.
(Registrant)
Date: September 22, 1997 /s/ DAVID C. THOMPSON
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David C. Thompson
Principal Financial and
Accounting Officer
