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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 (Date of earliest event reported) November 18, 1996
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OROAMERICA, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21862 94-238534
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
443 North Varney Street
Burbank, California 91502
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 848-5555
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ITEM 5. OTHER EVENTS.
On November 18, 1996, the registrant released the information filed
herewith as Exhibit 99.1.
ITEM 7. EXHIBITS.
99.1 Press release issued by the registrant on November 18, 1996.
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.
Date: November 18, 1996 OROAMERICA, INC.
By: /s/ SHIU SHAO
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Shiu Shao, Vice President and
Chief Financial Officer
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EXHIBIT 99.1
NEWS RELEASE
FOR: OROAMERICA, INC.
CONTACT: Shiu Shao, Chief Financial Officer
Ph: (818) 848-5555 FOR IMMEDIATE RELEASE
OROAMERICA ANNOUNCES TERMINATION OF MERGER DISCUSSIONS
BURBANK, CA, November 18, 1996 - OroAmerica, Inc. (NASDAQ NMS Symbol:
OROA), the nation's largest manufacturer and distributor of karat gold products,
announced today that its previously announced discussions of a possible merger
with Michael Anthony Jewelers, Inc. (ASE:MAJ) have been terminated.
Guy Benhamou, Chairman and Chief Executive Officer of OroAmerica,
stated "With the termination of the negotiations with Michael Anthony Jewelers,
OroAmerica currently is not engaged in discussions of any possible business
combinations or similar transactions. The Company is directing its efforts to
improving the profitability of its core business."
OroAmerica's product lines include more than 1,800 styles of gold
chains, earrings, bracelets, rings and charms. The Company also markets a line
of silver jewelry products. Founded in 1977, OroAmerica sells products to more
than 900 customers through its retail and wholesale divisions and operates
manufacturing and office facilities with over 67,000 square feet in Burbank,
California.
