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
Date of Report (Date of earliest event reported): OCTOBER 20, 1997
Glasgal Communications, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-20688 94-2914253
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
20C Commerce Way, Totowa, New Jersey 07512
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(Address of principal executive offices)
Registrant's telephone number, including area code: (201) 890-4800
N/A
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(Former name or former address, if changed since last report.)
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Item 5. OTHER EVENTS.
On October 20, 1997, Glasgal Communications, Inc. (the
"Company") publicly disseminated a news release, announcing that the
holders of Common Stock Purchase Warrants (Nasdaq: GLASW; BSE: GGLW) in
California, Idaho, Indiana, Louisiana, Minnesota, and Oregon are
prohibited from exercising their Warrants (pursuant to the securities
laws of those states), which are to be redeemed on October 23, 1997
(the "Redemption Date"), at the redemption price of $.05 per Warrant.
For additional information concerning the redemption of the
Warrants, reference is made to the news release which is incorporated
herein by reference and is attached hereto as exhibit 99.1.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) EXHIBITS.
99.1 News Release of Glasgal Communications, Inc. dated
October 20, 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, thereunto duly authorized.
GLASGAL COMMUNICATIONS, INC.
By: /s/ RALPH GLASGAL
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RALPH GLASGAL
President
DATE: October 20, 1997
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GLASGAL COMMUNICATIONS, INC.
FROM: GLASGAL COMMUNICATIONS, INC.
Contact: Isaac Gaon - Chief Executive Officer
(201) 890-4800
THE MWW GROUP
Public Relations - Tel. (201) 507-9500
Contact: Robert C. Ferris ([email protected])
Robert E. Swadosh ([email protected])
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FOR IMMEDIATE RELEASE
GLASGAL COMMUNICATIONS, INC. ANNOUNCES
REDEMPTION OF WARRANTS
TOTOWA, NJ - October 20, 1997 - Glasgal Communications, Inc., (Nasdaq: GLAS;
BSE: GGL), today announced that the holders of Common Stock Purchase Warrants
(Nasdaq: GLASW; BSE: GGLW) in California, Idaho, Indiana, Louisiana, Minnesota,
and Oregon are prohibited from exercising their Warrants (pursuant to the
securities laws of those states) which are to be redeemed on October 23, 1997
(the "Redemption Date"), at the redemption price of $.05 per Warrant. The
Company has been informed that its Warrants will be removed from trading on the
Nasdaq Small Cap Market and the Boston Stock Exchange at the end of trading on
Monday, October, 20, 1997, the third trading day prior to the Redemption Date.
Accordingly, residents of these states may sell the Warrants, provided that
these sales occur not later than such date. Failure to do so before such date
will result in the redemption of the Warrants held by the residents of such
states.
Glasgal Communications, Inc. provides configuration, integration and deployment
services directly to Fortune 2000 customers in the USA and Canada. In addition,
the Company provides these services to Technology Manufacturers, Systems
Integrators and Software Developers who outsource their implementation needs.
The Company has a proprietary software tool that materially reduces the labor
hours and skill levels required in the configuration and integration of network
devices, PC's and servers.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
AN OFFER TO BUY NOR SHALL THERE BY ANY SALE OF THESE SECURITIES IN ANY STATE IN
WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION
OF QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE.
