SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 and 15(d) of the Securities Exchange Act
of 1934
Date of Report December 31, 1997
GENERAL DEVICES, INC.
Exact name of registrant as specified in its charter
New Jersey 0-3125 21-0661726
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation No.)
215 W. Church Road, Room 202, King of Prussia, PA 19406
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
610-992-1455
Not Applicable
(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant
None
Item 2. Acquisition or Disposal of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
An Order Confirming General Devices Inc's Plan of
reorganization was entered by order of the United States
Bankruptcy Court for the Eastern District of
Pennsylvania case #96-17950 under United States
Bankruptcy Judge Diane W.Sigmond on 12/22/97.The Order
was actually received on 12/29/97 for reporting
purposes.
Summarization: All Classes of Claims and Interest voted
in favor of the plan or were not impaired.
Distribution: Class 2 creditors receive 200 shares of
common stock for each $1000 of Claim.$129,967 total
Class 2 claims receive 25,944 shares.Class 3 creditors,
The Debenture holders , Receive 368 shares in full
payment for each Debenture held,based on $1000
Principal and $840 Interest or a $1840 claim.$1,707,520
total Class 3 Claims receive 341,504 shares.
Resumption of Operations: By agreement, 500,000 common
Investment shares are issued to a small investors group
for $25,000 to be used for Restart working capital.A
group of exemployees agreed to restart sales/commission
Shares Issued and Outstanding: With the issuing of the
500,000 Investment shares and the issue to Creditors
of 367498 shares the Registrant now has 4,964,421
shares issued and Outstanding-includes 20,300 Treasury
shares.There is 10,000,000 shares Authorized.
Assets and Liabilities: Upon Confirmation the company
had no liabilities or debt and had $25,000 cash assets
-January 1,1998.The company has $25,000 in Networth
tem 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other events
Not Applicable
Item 6. Resignation of Registrant's Directors
None
Item 7. Financial Statements and Exhibits
None
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 thereto duly authorized.
GENERAL DEVICES, INC.
(Registrant)
December 31,1997 By: (S)
Theodore A. Raymond
President
