SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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) September 22, 1998
--------------------------------
LOGIMETRICS, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-10696 11-2171701
- --------------------------------------------------------------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
50 Orville Drive, Bohemia, New York 11716
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 784-4110
-----------------------------
<PAGE>
Item 5. Other Events
On September 22, 1998, LogiMetrics, Inc. (the "Company") announced that
it intends to make a private placement of up to $15 million of equity or
equity-linked securities. A copy of the Company's press release is being filed
as an Exhibit to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1 Press release, dated September 22, 1998.
<PAGE>
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, thereunto duly authorized.
LOGIMETRICS, INC.
By: /s/ Norman M. Phipps
Norman M. Phipps,
President and Chief Operating Officer
Dated: September 23, 1998
<PAGE>
EXHIBIT INDEX
Exhibit Page No.
99.1 Press release, dated September 22, 1998. 3
LOGIMETRICS, INC. ANNOUNCES
INTENTION TO MAKE A PRIVATE PLACEMENT
OF UP TO $15 MILLION
For Release: Immediately
Contact: Norman M. Phipps, President and COO (516) 784-4110
Bohemia, New York, September 22, 1998 - LogiMetrics, Inc. (OTC: LGMTA) announced
today that it intends to make a private placement of up to $15 million of equity
or equity-linked securities. The private placement is expected to occur prior to
the end of the year. The Company expects to use the net proceeds of the private
placement to support the growth of the Company's broadband telecommunications
infrastructure equipment business, for general corporate purposes and to repay
certain indebtedness.
The securities to be offered have not been, and will not be, registered under
the Securities Act of 1933, as amended, or any state securities laws and they
may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
This press release contains certain forward looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The words "estimate,"
"project," "believe," "anticipate," "intend," "expect", "plan," "predict,"
"may," "should," "will," the negative thereof and similar expressions are
intended to identify forward-looking statements. Such statements reflect the
current views of the Company with respect to future events based on currently
available information and management's expectations and are subject to risks and
uncertainties that could cause actual results to differ materially from those
contemplated in such forward-looking statements. Factors that could cause actual
results to differ materially from the Company's expectations include, but are
not limited to, the following: general economic and political conditions,
conditions in the securities markets and the Company's historical performance
and future prospects. The Company does not undertake any obligation to release
publicly any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
END
