FORM 8 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
August 11, 1998
CIRCUIT RESEARCH LABS, INC.
(Exact Name of Registrant as specified in its Charter)
Arizona
(State or other jurisdiction of incorporation)
0-11353 86-0344671
Commission IRS
File Employer
Number Identification No.
2522 West Geneva Drive
Tempe, Arizona 85282
(Address of principal executive offices)
(602) 438-0888
(Registrant's telephone number)
ITEM 2 ACQUISITION OR DISPOSITION OF ASSETS
1. Pursuant to an agreement between the Company and
the late Ronald R. Jones, the Company repurchased
all of Ronald R. Jones' 187,500 shares from the
estate of Ronald R. Jones for the price of
$181,640. This repurchase took place on May 5,
1998.
2. On July 16, 1998 the Company paid Royce T. Jones
$98,000 as a compromise in settlement of any and
all claims that Royce T. Jones or the estate of
Ronald R. Jones, may have had against the Company.
ITEM 5 _ OTHER EVENTS
1. On May 31, 1998, Gary M. Hamker resigned his
position as a Director of the Company.
2. On July 21, 1989, Royce T. Jones resigned her
position as a Director of the Company.
CIRCUIT RESEARCH LABS INC.
Date: August 11, 1998
Gary D. Clarkson
President/Chairman of the Board
