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): December 18, 1995
Digital Products Corporation
- - ------------------------------------------------------------------------------
(Exact name of registrant as specified in character)
Florida 0-9503 59-1141879
- - ------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
800 N.W. 33rd Street, Pompano Beach, Florida 33064
- - ------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(305) 783-9600
- - ------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
On December 18, 1995, Digital Products Corporation (the "Company") announced
that the Company and Strategic Technologies Inc. have mutually agreed to
terminate the previously-announced proposed merger of the two companies since
the current market conditions have made the financing aspects of the merger
impractical for the parties.
Attached hereto as Exhibit 1 is a press release issued on December 18, 1995 with
respect to the termination of the Merger Agreement.
Item 7. Financial Statement and Exhibits.
(c) Exhibits.
(1) Press release, dated December 18, 1995, of the Company.
<PAGE>
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 hereto duly authorized,
DIGITAL PRODUCTS CORPORATION
/s/ Richard A. Angulo
-----------------------------------
Date: December 20, 1995 Richard A. Angulo
President and Chief Executive Officer
Exhibit 1
DIGITAL PRODUCTS CORPORATION
800 N.W. 33rd St.
Pompano Beach, Florida 33064
Telephone: (305) 783-9600
Telecopier: (305) 783-9609
Contact: Richard A. Angulo
OTC Electronic Bulletin Board: DIPC
NEWS RELEASE
December 18, 1995
STRATEGIC TECHNOLOGIES INC. AND DIGITAL PRODUCTS CORPORATION
TERMINATE PROPOSED MERGER
Pompano Beach, Florida: Richard A. Angulo, President and CEO of Digital Products
Corporation, announced that DPC and Strategic Technologies Inc. have mutually
agreed to terminate the previously-announced proposed merger of the two
companies.
Richard A. Angulo stated "The current market conditions have made the financing
aspects of the merger impractical for the parties. Accordingly, DPC's Board of
Directors has determined that it is in the best interest of the DPC shareholders
to terminate the Merger Agreement at this time."
Mr. Angulo went on to say "We regret that the merger could not be realized under
the present circumstances. During the merger process, DPC has continued to
implement the strategies that have strengthened the company's performance. We
look to continue on the course of improvement that has been established."
DPC is a major provider of global information management solutions and personal
monitoring devices to the criminal justice and corrections industry.
