FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (date of earliest event reported): March 15, 1996
DATAFLEX CORPORATION
(Exact name of registrant as specified in its charter)
New Jersey 0-15551 22-2163376
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3920 Park Avenue, Edison, New Jersey 08820
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:(908) 321-1100
N/A
(Former name or former address, if changed since last report)
Page 1 of 4 pages
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Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposal of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
The company terminated the Investment Agreement with
Recovery Equity Investors II, L.P. entered into on
January 25, 1996. The press release regarding the
termination is attached hereto as an exhibit.
Item 6. Resignation of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
- Press Release dated March 15, 1996
Item 8. Change in Fiscal Year.
Not Applicable.
<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 hereunto duly authorized.
DATAFLEX CORPORATION
BY: /s/ Richard C. Rose
RICHARD C. ROSE,
Chairman
Dated: March 25, 1996
<PAGE>
For Immediate Release: CONTACT: Richard C. Rose
Chairman & CEO
Dataflex Corporation
(908)321-1100
Edison, New Jersey - March 15, 1996 - Dataflex Corporation
(Nasdaq:DFLX) today announced that the agreement with Recovery
Equity Investors II, L.P. (REI) previously reported on January 25,
1996 has been mutually terminated.
The Company's principal lenders have agreed to extend the
maturity of their outstanding loans and assist the Company in its
recapitalization and consolidation efforts.
Dataflex will continue to pursue the infusion of capital to
strengthen its balance sheet.
Dataflex Corporation, headquartered in Edison, New Jersey, has
offices in Alameda, Valencia, Anaheim and San Diego, California;
Bensenville, Illinois; Tempe and Tucson, Arizona; Tallahassee,
Orlando, Lake Wales, Miami and Clearwater, Florida; Nashville,
Tennessee and New York City, New York. The Company has developed
one of the leading on-site computer support service offerings
through its MainSite program. Dedicated engineers provide
guaranteed, immediate repair and support services for personal
computers located throughout large corporate headquarters.
Dataflex also offers complete systems integration consulting,
hardware and software product acquisition, training and project
implementation services.
