SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Commission File No.: 0-9503
Current Report
July 18, 1997
(Date of Report - Date of Earliest Event Reported)
DIGITAL PRODUCTS CORPORATION
Florida 59-1141879
(State or other jurisdiction of (IRS Employer
Incorporation or organization) Identification No)
1498 Northwest 3rd Street
Deerfield Beach, Florida 33442
(Address of Principal Executive Offices)
(954) 296-9600
(Registrant's Telephone Number)
None
(Former Name, Former Address and Former Fiscal Year,
if changed since last report)
<PAGE>
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On April 3, 1997, the Company filed a voluntary petition under Chapter 11
of the U.S. Bankruptcy Act in the U.S. District Court for the Southern
District of Florida. Since that date, the Company has continued its
day-to-day business under the protection of the Bankruptcy Court as
Debtor-In-Possession. The following Monthly Financial Report for Business for
the month of June was filed with the Bankruptcy Court on July 16, 1997.
<PAGE>
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
IN RE: CASE NUMBER
97-21987BKC-RBR
JUDGE RAYMOND B. RAY
DEBTOR. CHAPTER 11
DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS)
FOR THE PERIOD
FROM 6/1/97 TO 6/30/97
Comes now the above-named debtor and files its Periodic Financial Reports in
accordance with the Guidelines established by the United States Trustee and
FRBP 2015.
Robert Furr
Attorney for Debtor
Debtor's Address Attorney's Address
And Phone Number: and Phone Number:
1498 NW 3rd Street 1499 W Palmetto Road
Deerfield Beach, FL 33442 Boca Raton, FL 33486
954-246-9600 561-395-0500
<PAGE>
Monthly Financial Report for Business
For the Period Beginning: 6/1/97 and Ending: 6/30/97
Name of Debtor: Digital Products Corporation
Case Number: 97-21987 BKC RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
Current Cumulative
Month Petition to Date
<S> <C> <C>
1. Cash at Beginning of Period $68,443.93 $ 60,846.09
2. Receipts:
A. Cash Sales - -
Less: Cash Refunds - -
Net Cash Sales - -
B. Collections on Post Petition A/R 138,154.67 190,442.57
C. Collections on Pre Petition A/R 50,082.95 326,971.81
D. Other Receipts 3,452.18 32,881.26
3. TOTAL RECEIPTS 191,689.80 550,295.64
4. TOTAL CASH AVAILABLE FOR
OPERATIONS (Line 1 + Line 3) 260,133.73 611,141.73
5. DISBURSEMENTS
A. U.S. Trustee Quarterly Fees - -
B. Net Payroll 47,801.04 149,432.49
C. Payroll Taxes Paid 20,646.00 65,228.03
D. Sales and Use Taxes - -
E. Other Taxes - -
F. Rent 5,000.00 15,000.00
G. Other Leases 1,680.48 4,910.00
H. Telephone 8,683.36 57,873.32
I. Utilities - -
J. Travel & Entertainment 7,405.09 16,485.60
K. Vehicle Expenses - -
L. Office Supplies 1,496.15 1,858.95
M. Advertising 975.00 1,975.00
N. Insurance (Attachment 7) 7,991.48 44,364.98
O. Purchases of Fixed Assets 9,540.11 9,540.11
P. Purchases of Inventory 21,809.87 55,152.97
Q. Manufacturing Supplies - -
R. Repairs and Maintenance - 238.50
S. Payments to Secured Creditors - -
T. Other Operating Expenses 47,202.01 109,178.64
(Attach List)
6. TOTAL CASH DISBURSEMENTS 180,230.59 531,238.59
7. ENDING CASH BALANCE
(LINE 4 - LINE 6) $ 79,903.14 $ 79,903.14
</TABLE>
I declare under penalty of perjury that this statement and the accompanying
documents and reports are true and correct to the best of my knowledge and
belief.
This 15 day of July 1997.
<PAGE>
Monthly Financial Report for Business
Period Beginning: 6/1/97 and Ending: 6/30/97
Name of Debtor: Digital Products Corporation
Case Number: 97-21987-BKC-RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
OTHER RECEIPTS
Current Cumulative
Month to Date
<S> <C> <C>
IL Unemployment Refund - 701.08
Employees Shipping - 22.25
AT&T Refund - 172.98
Various Misc Income - 837.38
Genesee County Payment in Error - 1,622.00
COD Supplies 267.98 1,441.37
EMS Cash Advance - 24,900.00
State of Utah Receipt in Error 3,184.20 3,184.20
$3,452.18 $32,881.26
</TABLE>
<TABLE>
<CAPTION>
OTHER OPERATING EXPENSES
Current Cumulative
Month to Date
<S> <C> <C>
Tax Account Bank Charge Service Charges 13.22 86.79
Barnett Bank Bank Charge Wire Transfer Fees - 75.00
Operating Acc Bank Charge Service Charges 118.80 262.71
Payroll Account Bank Charges Service Charges 16.78 62.53
Kinko's Copies for Tracking - 654.67
Postage Next Day Mailing - 56.75
Subcontractors Installers 2,906.50 1,078.64
Corporate License Fees - 330.00
Computer Programmer 1,350.00 12,626.25
Subcontractors Labor 6,948.79 7,821.74
Freight 11,913.86 15,717.50
Transfer Agent 9,100.00 12,300.00
Patent Renewals - 6,750.00
Refund (ck Rec in Error) - 1,622.00
Advance Payment Repayment - 24,900.00
Various Medical Claims 1,835.88 1,835.88
Subcontractors Computer Supplies 498.18 498.18
Advanced Promo Tech Deposit 12,500.00 12,500.00
Total $ 47,202.01 $109,178.64
</TABLE>
<PAGE>
ATTACHMENT 1
MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION
Name of Debtor: Digital Products Corporation
Case Number: 97-21987 BKC RBR
Reporting Period Beginning: 6/1/97 and Ending: 6/30/97
ACCOUNTS RECEIVABLE AT PETITION DATE: $534,314.00
ACCOUNTS RECEIVABLE RECONCILIATION (Includes all accounts receivable,
pre-petition and post-petition, including charge card sales, which have not
been received):
Beginning of Month Balance $ 316,849.40
Plus: Current Month New Billings 404,275.71
Less: Collections during the Month 188,237.62
End of Month Balance $ 532,887.49
Aging: (Show the total amount for each age group of accounts
Incurred since filing the petition)
0-30 days 31-60 days 61-90 days Over 90 Total Days
$291,083.63 26,918.51 7,542.95 325,545.09
The June billing is currently under way. Once completed, there will be
additional receivables of approximately $150,000.
<PAGE>
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: Digital Products Corporation
Case Number: 97-21987 BKC-RBR
Reporting Period Beginning 6/1/97 and Ending 6/30/97
In the space below list all invoices or bills incurred and not paid since the
filing of the petition. Do not include amounts owed prior to the filing of
the petition.
<TABLE>
<CAPTION>
Date Days
Incurred Outstanding Vendor Description Amount
<S> <C> <C> <C> <C>
24-Apr-97 Millward & Co. Audit 150.00 dispute
30-June-97 United Parcel Service 364-325 4,129.85
30-June-97 United Parcel Service 85E-131 200.00
30-June-97 Dale English Installer (subcontractor) 135.00
30-June-97 Albani Laporte Installer (subcontractor) 365.50
30-June-97 Frank Garner Installer (subcontractor) 255.00
30-June-97 need bill LCI Long distance 22,000.00
$27,235.35
</TABLE>
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
Opening Balance (total from prior report) $10,565.31
Plus: New Indebtedness Incurred This Month 27,085.35
Less: Amount Paid on Prior Accounts Payable 10,415.31
End of Month Balance $27,235.35
Secured: List the status of Payments to Secured Creditors and Lessors (Post
Petition Only)
Number Total
of Post Amount of
Secured Date Petition Post Petition
Creditor/ Payment Payment Payments Payments
Lessor Due Amount Delinquent Delinquent
None
<PAGE>
ATTACHMENT 3
Name of Debtor: Digital Products Corporation
Case # 97-21987 BKC-RBR
Report Period Beginning 6/1/97 and Ending 6/30/97
INVENTORY REPORT
INVENTORY BALANCE AT PETITION DATE: $148,780.63
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month $ 12,473.32
Inventory Purchased during Month 21,809.87
Inventory Used or Sold 27,672.11
Inventory on Hand at End of Month $ 6,611.08
METHOD OF COSTING INVENTORY: Inventory is stated at lower of cost or
market using first-in, first-out method in determining cost, and replacement
cost or net realizable value in determining market.
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $716,000
(Includes Property, Plant and Equipment)
BRIEF DESCRIPTION (First Report Only):
FIXED ASSETS RECONCILIATION:
Fixed Assets Book Value at Beginning of Month $936,441.67
Less: Depreciation Expense 34,963.00
Plus: New Purchases 9,540.11
Ending Monthly Balance $911,018.78
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE
REPORTING PERIOD:
Computer Equip. for Monitoring $8,160.76
Printer/Fax 773.77
Compress amplifier 605.58
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATIONS
DEBTOR: Digital Products Corporation
Case # 97 21987 BKC-RBR
Report Period Beginning: 6/1/97 Ending: 6/30/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006533
PURPOSE OF ACCOUNT: Operating Account
Beginning Balance $ 66,292.58
Total of Deposits Made 191,689.80
Total Amount of Checks Written 111,634.75
Service Charges 118.80
Transfers to Other Accounts 68,447.04
Closing Balance $77,781.79
Number of First Check Written This Period 1113
Number of Last Check Written This Period 1197
Total Number of Checks Written This Period 84
Voided Checks This Period 1
Total 85
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006541
PURPOSE OF ACCOUNT: Payroll Account
Beginning Balance $ 1,345.54
Total of Deposits Made 47,801.04 Wires in
Total Amount of Checks Written 47,472.90
Service Charges Payroll Depot 328.14
Service Charges 16.78
Transfers to Other Accounts 0.00
Closing Balance $ 1,328.76
Number of First Check Written This Period 189
Number of Last Check Written This Period 245
Total Number of Checks Written This Period 57
Plus Manual Checks 2
Total 59
Plus Direct Deposits 33 Items
Total 92 Items
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATION
DEBTOR: Digital Products Corporation
Case # 97 21987 BKC-RBR
Report Period Beginning: 6/1/97 Ending: 6/30/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006558
PURPOSE OF ACCOUNT: Tax Account
Beginning Balance $ 805.81
Total of Deposits Made 20,646.00 Wires in
Total Amount of Checks Written 20,646.00 Wires out
Service Charges 13.22
Transfers to Other Accounts 0.00
Closing Balance $ 792.59
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation
Case # 97-21987 BKC-RBR
Report Period Beginning: 6/1/97 And Ending: 6/30/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006533
PURPOSE OF ACCOUNT: Operating Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
6/4/97 1113 Synergy Communications Website Development $ 700.00
6/4/97 1114 Liberty Court Travel Travel 471.00
6/4/97 1115 United Parcel Service Freight 17.34
6/4/97 1116 United Parcel Service Freight 5,337.12
6/4/97 1117 Peggy Conway Contract labor 964.39
6/4/97 1118 US Satellite Corp. Compress amplifier 605.58
6/4/97 1119 Store & Lock Storage 1,142.00
6/4/97 1120 Reliance Standard Insurance 64.84
6/4/97 1121 Riscorp FL Work Comp Ins 248.52
6/4/97 1122 Riscorp VA Work Comp Ins 22.16
6/4/97 1123 Poe & Brown Health Insurance 437.96
6/4/97 1124 Plantation General Medical Claims 495.25
6/4/97 1125 Plantation Radiology Medical Claims 38.50
6/4/97 1126 MCH Physician Group Medical Claims 223.82
6/4/97 1127 MCH Physician Group Medical Claims 105.10
6/4/97 1128 Advanced Orthopedics Medical Claims 483.16
6/4/97 1129 FT Lauderdale Medical Medical Claims 100.00
6/4/97 1130 Joel Hersh DDS Medical Claims 45.00
6/4/97 1131 Columbia Phar. Solu. Medical Claims 345.05
6/4/97 1132 Office Depot Supplies 136.68
6/4/97 1133 Dadan Pkg. Boxes 211.35
6/4/97 1134 Precision Dynamics Straps 408.00
6/4/97 1135 Industrial Assembly Strap kits 5,540.00
6/4/97 1136 Renata Batteries Batteries 2,985.78
6/4/97 1137 American Design Contract Labor 820.00
6/6/97 1138 KBS, Inc. Rent 5,000.00
6/9/97 1139 Seitlin & Company General Insurance 7,218.00
6/9/97 1140 Chuck Nora Computer Supplies 498.18
6/9/97 1141 Kinko's Copy Center Copies 416.98
6/9/97 1142 Office Max Supplies 230.52
6/10/97 1143 United Parcel Service Freight 4.00
6/10/97 1144 Dale English Installer 90.00
6/10/97 1145 Andy Saucedo Installer 10.00
6/10/97 1146 Albani Laporte Installer 465.00
6/10/97 1147 Frank Garner Installer 390.00
6/10/97 1148 Telogy Equipment Rent 131.44
6/10/97 1149 Pitney Bowes Equipment Rent 407.04
1150 Void
6/11/97 1151 Victor Flores Programming 975.00
6/11/97 1152 Industrial Assembly Strap Kits 5,540.00
6/11/97 1153 American Stock Trans. Stkhdr Mailing 7,500.00
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation
Case # 97-21987 BKC-RBR
Report Period Beginning: 6/1/97 And Ending: 6/30/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006533
PURPOSE OF ACCOUNT: Operating Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
6/11/97 1154 Richard Angulo Travel Reimbursement $ 846.26
6/11/97 1155 American Design Contract Labor 638.00
6/11/97 1156 American Design Contract Labor 580.00
6/11/97 1157 Mike Graham Travel Reimbursement 790.35
6/12/97 1158 Page Net Pagers 404.13
6/13/97 1159 Audrey Loeb Mileage Reimbursement 17.36
6/13/97 1160 Advanced Promotion Tech Deposit 12,500.00
6/16/97 1161 Liberty Court Travel Travel 1,846.50
6/16/97 1162 Bryan Brown Travel Reim. 413.64
6/20/97 1163 Circuit City Stores Printer/Fax 773.77
6/20/97 1164 American Design Contract Labor 638.00
6/27/97 1165 David Winfner Programming 848.00
6/17/97 1166 TCG Telephone 7,597.76
6/17/97 1167 Swan Strom Tools Pliers 775.00
6/17/97 1168 Industrial Assembly Strap Kits 2,770.00
6/17/97 1169 Precision Dynamics WV Straps 15.83
6/17/97 1170 Liberty Court Travel Travel 1,730.00
6/18/97 1171 Corporate Systems Group Computer Equipment 8,160.76
6/19/97 1172 Office Depot Supplies 154.29
6/19/97 1173 Wincom Bus Systems Programming 848.00
6/20/97 1174 Synergy Communications Website Development 275.00
6/20/97 1175 Chuck Nora Travel 727.98
6/24/97 1176 American Design Contract Labor 638.00
6/24/97 1177 Richard Angulo Travel 1,582.93
6/24/97 1178 Marshall Supplies 147.92
6/24/97 1179 Dadan Pkg. Boxes 529.00
6/25/97 1180 Office Depot Supplies 52.13
6/26/97 1181 Lawrence Martin Freight Reim. 61.63
6/26/97 1182 Andy Saucedo Installer 10.00
6/26/97 1183 Charles Christopher Installer 205.00
6/26/97 1184 Dale English Installer 260.00
6/26/97 1185 Dan Farley Installer 705.00
6/26/97 1186 Frank Garner Installer 355.00
6/26/97 1187 Albani Laporte Installer 416.50
6/26/97 1188 Victor Flores Programming 375.00
6/26/97 1189 American Stock Transfer Monthly charges 1,600.00
6/26/97 1190 United Parcel Service Freight 6,482.38
6/26/97 1191 United Parcel Service Freight 11.39
6/27/97 1192 American Design Contract Labor 974.40
6/27/97 1193 Industrial Assembly Supplies 46.50
6/27/97 1194 Lawrence Martin Telephone Reim. 144.69
6/27/97 1195 Industrial Assembly Strap Kits 2,770.00
6/27/97 1196 Global Industrial Equip. Supplies 70.49
6/30/97 1197 Subway Lunch Meeting 21.40
$111,634.75
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Product Corporation
Case #: 97-21987 BKC-RBR
Report Period Beginning: 6/1/97 and Ending: 6/30/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products
ACCOUNT #: 1811005541
PURPOSE OF ACCOUNT: Payroll Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
6/6/97 189-203+9 direct dep Employees Payroll $ 11,133.49
6/13/97 204-217+10 direct dep Employees Payroll 11,640.25
6/20/97 218-231+7 direct dep Employees Payroll 9,719.33
6/27/97 232-245+7 direct dep Employees Payroll 9,905.73
6/27/97 Total Manual Employees Payroll 5,073.90
Sub Total Payroll Depot 47,472.70
June Payroll Depot Serv. Chg. 328.34
Grand Total $47,801.04
</TABLE>
<PAGE>
ATTACHMENT 5
DEPOSIT REGISTER
DEBTOR: Digital Products Corporation
Case # 97-21987 BKC - RBR
Report Period Beginning: 6/1/97 and Ending: 6/30/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006558
PURPOSE OF ACCOUNT: Tax Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
6/4/97 wire transfer Comerica Tax Account payroll taxes $ 4,814.65
6/11/97 wire transfer Comerica Tax Account payroll taxes 4,940.35
6/19/97 wire transfer Comerica Tax Account payroll taxes 4,322.46
6/26/97 wire transfer Comerica Tax Account payroll taxes 6,568.54
$ 20,646.00
</TABLE>
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation
Case # 97-21987 BKC - RBR
Reporting Period Beginning: 6/1/97 and Ending: 6/30/97
TAXES PAID and ACCRUED DURING MONTH
<TABLE>
<CAPTION>
Date Bank Description Amount
<S> <C> <C> <C>
6/4/97 Comerica Bank FED WH $2,058.28
FICA 1,804.41
MEDICARE 421.95
FUTA 45.38
MI WH 25.38
NE WH 179.44
VA WH 28.18
FL SUTA 166.15
MI SUTA 18.17
NE SUTA 67.31
$4,814.65
6/11/97 Comerica Bank FED WH $2,130.50
FICA 1,883.26
MEDICARE 440.49
FUTA 42.72
MI WH 25.38
NE WH 187.58
VA WH 28.18
FL SUTA 58.88
MI SUTA 18.17
NE SUTA 125.19
$4,940.35
6/19/97 Comerica Bank FED WH $1,862.99
FICA 1,588.71
MEDICARE 371.55
FUTA 42.36
MI WH 25.38
NE WH 182.10
VA WH 28.18
FL SUTA 60.62
MI SUTA 18.17
NE SUTA 122.50
$4,302.56
6/26/97 Comerica Bank FED WH $3,322.07
FICA 2,066.78
MEDICARE 483.32
FUTA 38.85
MI WH 25.38
NE WH 182.10
VA WH 28.18
IN WH 251.08
FL SUTA 74.24
MI SUTA 18.17
NE SUTA 98.27
$6,588.44
</TABLE>
<PAGE>
ATTACHMENT 6b
DEBTOR: Digital Products Corporation
Case # 97-21987 BKC - RBR
Report Period Beginning: 6/1/97 and Ending: 6/30/97
TAXES OWED AND DUE
Report all unpaid post-petition taxes including Federal & State withholding,
FICA, state sales tax, property tax, unemployment taxes and State WC. Date
last tax return filed 4/27/97. Period: 1st Quarter 1997; 2nd Quarter returns
due 7/31/97.
<TABLE>
<CAPTION>
Name of Taxing Date Payment Description Amount
Authority Due
<S> <C> <C> <C>
Fed Taxes 06/11/97 Fed WH/Fica/Medicare $4,284.64 Pd
Fed Taxes 06/18/97 Fed WH/Fica/Medicare 4,454.25 Pd
Fed Taxes 06/25/97 Fed WH/Fica/Medicare 3,823.25 Pd
Fed Taxes 07/02/97 Fed WH/Fica/Medicare 3,812.55 Pd
Fed Taxes 07/02/97 Fed WH/Fica/Medicare 2,059.62 In Transit
FUTA 07/31/97 Fed unemployment tax 426.73
MI WH 07/31/97 MI WH 177.66
NE WH 07/31/97 NE WH 910.66
VA WH 07/31/97 VA WH 501.72
IN WH 07/31/97 IN WH 251.08
FL SUTA 07/31/97 FL unemployment 2,281.11
MI SUTA 07/31/97 MI unemployment 109.02
NE SUTA 07/31/97 NE unemployment 480.58
</TABLE>
<PAGE>
ATTACHMENT 7
SUMMARY OF PERSONNEL & INSURANCE COVERAGES
Name of Debtor: Digital Products Corporation
Case # 97-21987 BKC - RBR
Report Period Beginning: 6/1/97 and Ending 6/30/97
Report all compensation received during the month. Do not include
reimbursement for expenses incurred for which you have receipts.
<TABLE>
<CAPTION>
Name of Officer: Title Amount Paid Travel Adv.
<S> <C> <C> <C>
Richard Angulo Pres/COO $7,384.60
Michael Luther CEO/Chairman 4,615.40
Bryan Brown CFO/Secy 6,153.84
</TABLE>
PERSONNEL REPORT
Full Time Part Time
Number of employees at beginning of period 21 2
Number hired during the period 1 1
Number terminated during the period 2
Number of employees on payroll at the end of period 20 3
CONFIRMATION OF INSURANCE
List all policies of insurance in effect, including but not limited to
workers' compensation, liability, fire, theft, comprehensive, vehicle, health
& life.
<TABLE>
<CAPTION>
Carrier Agent & Phone # Policy # Coverage Expiration Date Premium
Date Due
<S> <C> <C> <C> <C> <C>
Riscorp of FL Alexander & Alex 12924 WC 4/1/98 7/2/97
305-279-7870
VA Riscorp Dade Underwriters 40076 WC 3/1/98 7/2/97
954-462-1304
Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 7/2/97
Life Insurance 954-763-7971
Poe & Brown Mahoney & Asso. 901 Health 12/31/97 7/2/97
Benefits 954-793-7971
Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 7/1/97
305-591-0090 Liability
Nat'l Union Fire Seitlin Ins. BE932 21 38 Umbrella 6/1/98 7/1/97
Ins. Co. of Pitt. 305-591-0090 Liability
Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 7/1/97
305-591-0090
Fidelity & Dep. Seitlin Ins. TBA Crime 5/1/98 7/1/97
305-591-0090
</TABLE>
<PAGE>
ATTACHMENT 8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and 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 CORPORATIONA
Dated: August 5, 1997 /s/Bryan K. Brown
Bryan K. Brown,
Chief Financial Officer
The Company filed its Plan of Reorganization and Disclosure Statement on June
16, 1997.
