UNITED STATES 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):
December 2, 1996
Commission File Number 0-511
COBRA ELECTRONICS CORPORATION
(Exact name of Registrant as specified in its Charter)
DELAWARE 36-2479991
(State of incorporation) (I.R.S. Employer Identification No.)
6500 WEST CORTLAND STREET
CHICAGO, ILLINOIS 60707
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(773) 889-8870
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ITEM 5. OTHER EVENTS.
The Registrant has entered into an agreement to terminate its safe
harbor lease with the Department of Transportation of Maryland,
effective December 31, 1996. As a result of this termination, the
Registrant will utilize approximately $5.8 million of net
operating loss carryforwards, which would have otherwise expired
in 1996.
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 thereunto duly authorized.
COBRA ELECTRONICS CORPORATION
Dated: December 2, 1996 By: /s/ Gerald M. Laures
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Gerald M. Laures
Vice President - Finance and
Corporate Secretary
(Chief Financial and
Accounting Officer)
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