SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 26, 1997
Date of Report (Date of earliest event reported) ______________________________
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-13088 65-0014636
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(Commission File Number) (IRS Employer Identification No.)
16910 Dallas Parkway, Suite 100, Dallas, Texas 75248
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(Address of principal executive offices) (Zip Code)
(972) 248-1922
Registrant's telephone number, including area code __________________________-
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(Former name or former address, if changed since last report)
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ITEM 5. Other Events.
On November 26, 1997, the Registrant announced that its shareholders had
approved a one-for-ten reverse split of the Common Stock and its Board of
Directors had decided to cancel the previously announced plan to issue Class A
and B Warrants as a dividend to existing stockholders. The full text of the news
release announcing this event is included in exhibit 99 attached hereto.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
By: /s/ Kevin B. Halter
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Kevin B. Halter, Chairman of the Board
Dated: November 26, 1997
2
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EXHIBIT INDEX
Exhibit
Number
99 News Release of Registrant dated November 26, 1997: "Digital Communications
Technology Corporation Consolidates Operations"
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FOR IMMEDIATE RELEASE
CONTACT: Adrreinne Beam, Director, Investor Relations (972) 248-1922
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Digital Communications Technology Corporation
16910 Dallas Parkway - Suite 100 - Dallas, Texas 75248
NEWS RELEASE
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PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: Adrienne Beam, Director, Investor Relations (972)248-1922
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
16910 Dallas Parkway-Suite 100-Dallas. Texas 75248
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION ANNOUNCES REVERSE SPLIT AND
TERMINATION OF WARRANT DIVIDEND.
DALLAS, TEXAS - November 26, 1997 - Digital Communications Technology
Corporation announced today that the previously announced 1 for 10 reverse split
of the Company common stock has been approved by the Company's shareholders and
will be effective as of Tuesday, December 9, 1997. No fractional shares will be
issued. In lieu, fractional shares will be rounded up to one full share. Letters
of transmittal will be mailed to shareholders on or about the effective date
The Company further announced that its previously announced plan to issue Class
A and Class B Warrants as a dividend to shareholders has been terminated due to
market conditions.
