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 (Date of earliest event reported ) February 14, 1997
CINCINNATI MICROWAVE, INC.
(Exact name of registrant as specified in its charter)
Ohio 0-13136 31-0903863
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Microwave Plaza, Cincinnati, Ohio 45249-9502
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (513) 489-5400
(Former name, former address and former fiscal year, if changed
since last report)
Form 8-K Cincinnati Microwave, Inc.
Item 3. Bankruptcy or Receivership
On February 14, 1997, Cincinnati Microwave, Inc. filed a voluntary petition
for relief under Chapter 11, Title 11 of the United States Code in the
United States Bankruptcy Court for the Southern District of Ohio, Western
Division, in Cincinnati, Ohio (Case No. 1-97-10882). The Company will
continue in possession of its estate as a debtor in possession.
Form 8-K Cincinnati Microwave, Inc.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99(i) - Press release of Cincinnati Microwave, Inc. dated February 14, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Cincinnati Microwave, Inc. has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
February 14, 1997
CINCINNATI MICROWAVE, INC.
By
Elaine M. Bacon
Assistant Corporate Secretary
FOR FURTHER INFORMATION:
At the Company: At the Financial Relations Board:
Elaine Bacon Bill Schmidle, Analyst Inquiries
513-489-5400 312-640-6753
[email protected] Karl Plath, General Inquiries
312-640-6738
FOR IMMEDIATE RELEASE
Cincinnati Microwave Files for Chapter 11
CINCINNATI, February 14, 1997_Cincinnati Microwave, Inc. (Nasdaq: CNMW)
announced today that it has filed for protection from its creditors under
Chapter 11 of the U.S. Bankruptcy Code, which provides the Company an
opportunity to reorganize its operations or to liquidate its assets in an
orderly manner. The action was filed in the U.S. Bankruptcy Court for the
District of Southern Ohio-Western Division.
"Our efforts to find partners, or sell portions of the business in order to
generate enough cash to carry the Company forward have been unsuccessful,"
said Erika Williams, president and chief executive officer. "The $10
million in excess inventory purchased in 1995 and the outstanding
shareholder lawsuit have hindered our ability to attract suitable partners.
We expect several interested parties to bid for portions Company's assets
under court protection."
Cincinnati Microwave designs, manufactures and markets ultrahigh frequency
and microwave wireless communications products. The Company's product lines
include radar warning devices, digital spread spectrum cordless telephones
and wireless data modems for use on the Cellular Digital Packet Data (CDPD)
network.
Additional information on the Company, its products and markets can be
obtained from the Company's worldwide web site:
http://www.cnmw.com/welcome.htm. Information about Cincinnati Microwave also
is available, free of charge via fax, by dialing 1-800-PRO-INFO and
using ticker symbol CNMW.
