SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
to
Current Report
Filed pursuant to Section 12, 13, or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 16, 1996
INTELLIGENT ELECTRONICS, INC.
(Exact name of issuer as specified in charter)
PENNSYLVANIA 0-15991 23-2208404
(State or Other Jurisdiction Commission (I.R.S. Employer
of Incorporation or file number Identification
Organization) Number)
411 Eagleview Boulevard, Exton, Pennsylvania 19341
(Address of principal executive offices)
(610) 458-5500
(Registrant's telephone number, including area code)
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Item 5. Other Events
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Private Placement
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On January 13, 1997, the second closing took place pursuant to the
Securities Purchase Agreement referenced in the Form 8-K of Intelligent
Electronics, Inc. (the "Company") dated October 16, 1996. At such closing,
the Company raised $10,000,000 through the sale of an additional 10,000 shares
of its Series B Convertible Preferred Stock ("Preferred Stock") in a private
placement to an accredited investor. On January 14, 1997, in accordance with
the terms of the Securities Purchase Agreement, the Company issued to the
investor five-year warrants (the "Warrants") to purchase 225,000 shares of
Common Stock at an exercise price of $10.094 per share. A registration
statement filed with the Securities and Exchange Commission, which registers
the resale of the Common Stock issuable upon conversion of the Preferred Stock
and upon exercise of the Warrants, has been declared effective.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
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* 99.1 Securities Purchase Agreement, dated October 15, 1996.
* 99.2 Statement With Respect to Shares of the Company, filed with the
Pennsylvania Secretary of State on October 16, 1996.
* 99.3 Stock Purchase Warrant issued October 16, 1996.
* 99.4 Registration Rights Agreement dated October 16, 1996.
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* Previously filed.
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SIGNATURE
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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.
INTELLIGENT ELECTRONICS, INC.
Date: January 21, 1997 By: /s/ Thomas J. Coffey
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Thomas J. Coffey,
Senior Vice President and
Chief Financial Officer
