SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to 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) February 11, 1999
COMPUTER POWER INC.
(Exact name of registrant as specified in its charter)
New Jersey 0-15927 22-1981869
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
124 West Main Street, High Bridge, New Jersey 08829
(Address of principal executive office)
Registrant's telephone number, including area code 908-638-8000
(Former name or former address, if changed since last report)
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Item 1. CHANGES IN CONTROL OF REGISTRANT.
On February 11, 1999, Public Access Lighting, L.L.C., a
limited liability company formed under the laws of the State
of Illinois ("PAL"), acquired 510,000 shares of Registrant's
Common Stock in a private sale from RMC Limited, a corporation
controlled by Trinidad Cement Limited as well as the following
equity and debt interests from Readymix (West Indies) Limited,
another corporation controlled by Trinidad Cement Limited for
an aggregate purchase price of $130,000: (1) a Subordinated
Note of Computer Power Inc. in the principal amount of
$700,000, dated September 20, 1994, (2) a Convertible
Debenture of Computer Power Inc. in the principal amount of
$300,000, dated December 1, 1994, and (3) a Stock Subscription
Warrant of Computer Power Inc., dated April 13, 1998, for
100,000 shares of common stock of Computer Power Inc.
PAL's purchase of the 510,000 shares of Registrant's Common
Stock on February 11, 1999, combined with its prior purchase
on January 27, 1999 of 490,000 Registrant Common Shares,
results in a current beneficial ownership position of an
aggregate 1,000,000 common shares, representing an approximate
38.4% of all of Registrant's issued and outstanding Common
Shares.
PAL owns and operates several companies engaged in the
development, manufacture and marketing of institutional
lighting products. Ark Direct Capital Fund, L.P., a limited
partnership organized under the laws of the State of Delaware,
having its principal offices located in Chicago, Illinois, is
the principal stockholder of PAL and Susan M. Larson, the
President of PAL and a recently appointed Director of Computer
Power Inc., is the minority shareholder of PAL.
Item 7. Financial Statements and Exhibits: NONE
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
February 22, 1999 By: s/John M. Perry
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John M. Perry
President and Chief Executive Officer
cpi-8k.1A
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