SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: December 12, 1995
North Atlantic Technologies, Inc.
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(Exact name of registrant as specified in its charter)
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Minnesota
(State or other jurisdiction of incorporation )
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2-85984-C 41-1390785
(Commission File Number) (IRS Employer Identification No.)
8120 Penn Avenue South, Suite 435, Bloomington, Minnesota 55431
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(Address of principal executive offices) (Zip Code)
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(612) 888-8553
(Registrant's telephone number)
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ITEM 5. OTHER EVENTS.
The North Atlantic Technologies, Inc. ( the "Company") $ 1,993,000
subordinated debentures matured on November 15, 1995. As of such date the
Company did not have the cash necessary to meet its principal and interest
payment obligations arising from the maturation of the debentures. The Company
believes that it will be unable to make payment in accordance with the terms of
the debentures at any time in the future.
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 of the
undersigned hereunto duly authorized.
NORTH ATLANTIC TECHNOLOGIES, INC.
Dated: December 12, 1995 By: /s/ Bruce A. Watson
Bruce A. Watson
President and Chief Executive Officer
Dated: December 12, 1995 By: /s/ David R. Paulin
David R. Paulin
Treasurer and Chief Financial Officer
