<PAGE>
FORM 10-C
Securities and Exchange Commission
Washington, DC 20549
Report by issuer of securities quoted on The Nasdaq Stock Market,
filed pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934 and Rule 13a-17 or 15d-17 thereunder.
Discus Acquisition Corporation
EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER
2430 Metropolitan Centre, 333 South Seventh St., Minneapolis, MN
55402 ADDRESS OF PRINCIPAL EXECUTIVE OFFICES
(612) 305-0339
ISSUER'S TELEPHONE NUMBER INCLUDING AREA CODE
I. Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or more
in the number of shares outstanding:
1. Title of security
2. Number of shares outstanding before the change
3. Number of shares outstanding after the change
4. Effective date of change
5. Method of change
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Give brief description of transaction
II. Change in Name of Issuer
1. Name prior to change: Discus Acquisition Corporation
2. Name after change: Peerless Industrial Group, Inc.
3. Effective date of charter amendment changing name: May 6, 1996
4. Date of shareholder approval of change, if required: May 1, 1996
May 2, 1996 /s/ William H. Spell Chief Executive Officer
- ---------------------------------------------------------------------------
DATE WILLIAM H. SPELL OFFICER'S SIGNATURE AND TITLE
