MILGRAY ELECTRONICS INC
10-C, 1995-10-13
ELECTRONIC PARTS & EQUIPMENT, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-C

                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM
                  FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                              OR 15d-17 THEREUNDER

                            MILGRAY ELECTRONICS, INC.
                            -------------------------
               (Exact name of issuer as specified in its charter)

                77 Schmitt Boulevard, Farmingdale, New York 11735
                -------------------------------------------------
                    (Address of principal executive offices)

         Issuer's telephone number, including area code  (516) 420-9800
                                                         --------------

                   I.   CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:

1.   Title of security Common stock, par value 25 cents per share
                       -------------------------------------

2.   Number of shares outstanding before the change 3,386,588 outstanding shares
                                                    ----------------------------
     plus 43,726 treasury shares
     ---------------------------

3.   Number of shares outstanding after the change 6,773,176 outstanding shares
                                                   ----------------------------
     plus 43,726 treasury shares
     ---------------------------

4.   Effective date of change October 19, 1995
                              ----------------

5.   Method of change:   Specify method (such as merger, acquisition, exchange,
                         distribution, stock split, reverse split, acquisition
                         of stock for treasury, etc.)
     2 for 1 stock split effected in the form of a 100% stock dividend
     -----------------------------------------------------------------

Give brief description of transaction On July 19, 1995, the Board of Directors
                                      ----------------------------------------
of the Issuer declared a 2 for 1 stock split to be effected in the form of a
- ----------------------------------------------------------------------------
100% stock dividend of one share of the Issuer's common stock, par value 25
- ---------------------------------------------------------------------------
cents per share, for each such share held of record on September 28, 1995,
- --------------------------------------------------------------------------
payable on October 19, 1995.
- ----------------------------

                          II.  CHANGE IN NAME OF ISSUER

Not applicable.



Date  October  13, 1995                               /s/ John Tortorici
      -----------------                             -----------------------
                                                     John Tortorici,
                                                       Vice President-Finance



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