UNITED STATES 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: June 6, 1997
ELECTRONIC SYSTEMS TECHNOLOGY INC.
(A Washington Corporation)
Commission File no. 2-92949-S
IRS Employer Identification no. 91-1238077
415 N. Quay St. #4
Kennewick WA 99336
(Address of principal executive offices)
Registrant's telephone number, including area code:(509) 735-9092
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ITEM 5. OTHER EVENTS
A. ANNUAL STOCKHOLDER MEETING
At the Company's Annual Stockholder Meeting on June 6, 1997, in
Kennewick, Washington the following items were voted on by the
stockholders with the following outcomes:
Item #1: Election of Directors:
Election of Melvin H. Brown as a Director of the Company.
Votes for: 3,120,330 Votes against: 35,200 Abstaining: 20,200
Election of Arthur Leighton as a Director of the Company.
Votes for: 3,100,780 Votes against: 54,500 Abstaining: 20,450
Election of Robert Southworth as a Director of the Company.
Votes for: 3,119,780 Votes against: 35,500 Abstaining: 20,450
Item #2: Ratification of Robert Moe & Associates, P.S. as independent
auditors of the Corporation for the fiscal year ending December 31, 1997.
Votes for: 3,125,580 Votes against: 24,300 Abstaining: 25,850
B. CASH DISTRIBUTION TO SHAREHOLDERS
On June 13, 1997, the Company issued a press release regarding the
announced one-time, noncumulative, cash distribution authorized by the
Company on June 5, 1997. The press release is incorporated by reference,
and is attached hereto as exhibit 99.4
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND
EXHIBITS.
Exhibit 99.4 - Press release issued June 13, 1997.
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SIGNATURES
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.
ELECTRONIC SYSTEMS TECHNOLOGY, INC.
/s/ T.L. KIRCHNER
By: T.L. Kirchner
President
Date: June 13, 1997
EXHIBIT 99.4 - PRESS RELEASE ISSUED JUNE 13, 1997
PRESS RELEASE
ELECTRONIC SYSTEMS TECHNOLOGY
415 N. QUAY STREET
KENNEWICK, WA 99336
509-735-9092 (O)
509-783-5475 (FAX)
EST ANNOUNCES CASH DISTRIBUTION TO SHAREHOLDERS
KENNEWICK, WASHINGTON --- June 13, 1997 --- Electronic Systems Technology
Inc. (EST) (OTC: ELST), a manufacturer of wireless modems, announced at
the Company's annual shareholders' meeting on June 6, 1997, that the
Company will issue a one-time, noncumulative, chase distribution to
shareholders of record as of June 20, 1997. The distribution will be in
the amount of $0.01 per share of common stock for a total amount of
$49,536.67, and will be completed by July 11, 1997.
"We had remaining funds from our stock repurchase plan which ended in the
first quarter of 1997, and we feel a cash distribution would be a good
opportunity to return value to our shareholders" said T. L. Kirchner,
EST"s President and CEO. Electronic Systems Technology, a publicly held
Company since 1984, was the first Company to develop the wireless modem
and receive the United States and Canadian patents for this technology.
Contact EST for more details.
www.esteem.com
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APPENDIX:
Item no. 1: (graphic material not included in electronic filing format)
The press release was published showing at top left of the press release,
the Electronic Systems Technology, Inc. trademarked company logo, showing
a black square field containing the stylized letters E S T.
