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):
February 19, 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
On February 6, 1998 the Company received $1,033,000 as
proceeds of an insurance policy payable on the death of the
Company's President, Ronald R. Jones.
It is anticipated that, pursuant to an agreement between the
Company and Ronald R. Jones, the Company will repurchase all
of Ronald R. Jones' 187,500 shares from the estate of Ronald
R. Jones for the price of approximately $181,640. The
repurchase will take place on or before May 5, 1998.
CIRCUIT RESEARCH LABS, INC.
Date: February 19, 1998
Gary D. Clarkson
President/Chairman of the
Board