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 ) April 9, 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 5. Other Events
Cincinnati Microwave announced that The Nasdaq Stock Market, Inc. notified
the Company that it has delisted the Company's securities from The Nasdaq
Stock Market effective April 9, 1997, as a result of the Company's ongoing
bankruptcy proceeding and the Company's failure to meet (or present a plan
that would remedy such failure within a reasonable period of time) the net
tangible assets and minimum bid price requirements set forth in the NASD
Marketplace Rules.
The Company is continuing its efforts to find purchasers for its phone and
modem businesses, and to determine whether a plan of reorganization is
possible. To date, it appears that, even if the Company is able to
reorganize and emerge from bankruptcy proceedings, there is little
likelihood that any plan of reorganization would provide any value, or
more than only minimum value, to its existing shareholders.
Form 8-K Cincinnati Microwave, Inc.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99(i) - Press release of Cincinnati Microwave, Inc. dated April 9, 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.
April 9, 1997
CINCINNATI MICROWAVE, INC.
By ___________
Kurt H. Stump
Vice President and Chief Financial Officer/
Treasurer/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
Nasdaq Delists Company's Securities
CINCINNATI, April 9, 1997_Cincinnati Microwave, Inc. (Nasdaq: CNMWQ)
announced today that The Nasdaq Stock Market, Inc. notified the Company
that it has delisted the Company's securities from The Nasdaq Stock Market
effective today as a result of the Company's ongoing bankruptcy proceeding
and the Company's failure to meet (or present a plan that would remedy such
failure within a reasonable period of time) the net tangible assets and
minimum bid price requirements set forth in the NASD Marketplace Rules.
The Company is continuing its efforts to find purchasers for its phone and
modem businesses, and to determine whether a plan of reorganization is
possible. To date, it appears that, even if the Company is able to
reorganize and emerge from bankruptcy proceedings, there is little
likelihood that any plan of reorganization would provide any value, or
more than only minimum value, to its existing shareholders.
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.
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