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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): November 7, 1996
DIGITAL PRODUCTS CORPORATION
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(Exact name of registrant as specified in its charter)
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Florida 0-9503 59-1141879
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(State of Incorporation) (Commission File Number) (IRS Employer Identification No.)
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1498 N.W. 3rd Street, Deerfield Beach, Florida 33442
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (954) 360-7200
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(Former Name or Former Address, if Changed Since Last Report)
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DIGITAL PRODUCTS CORPORATION
FORM 8-K
CURRENT REPORT
Item 5. Other Events
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At a meeting of the Board of Directors of Digital Products Corporation
(the "Company") held on Thursday evening, November 7, 1996, the current
President and Chief Executive Officer of the Company, Richard A. Angulo, was
placed on 60-day administrative leave from all officer and employee positions
with the Company. Mr. Angulo, however, remains a director of the Company.
A new President and Chief Executive Officer of the Company, as well as
other officers, were appointed to replace Mr. Angulo and fill other vacant
positions with the Company. The following individuals were appointed by the
Board of Directors of the Company to the indicated offices:
Individual Position with the Company
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Ben Khoshnood President and Chief Executive Officer
Leo Carson Vice President
Robert I. Chalnick Vice President and Secretary
Jane Gomez Assistant Vice President, Controller and Assistant
Secretary
The Company is in the process of completing its annual audit for the year
ended March 31, 1996. At this time, the Company expects to report significant
losses for the year ended March 31, 1996, the quarter ended June 30, 1996 and
the quarter ended September 30, 1996.
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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 hereunto duly authorized.
DIGITAL PRODUCTS CORPORATION
Date: as of November 7, 1996 By: /s/ Robert I. Chalnick
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Robert I. Chalnick
Vice President
