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: Commission File Number:
September 5, 1997 1-13408
DIGITAL RECORDERS, INC.
(Exact name of registrant as specified in its charter)
North Carolina 56-1362926
(State of incorporation) (I.R.S. Employer
Identification Number)
2300 Englert Drive, Suite B
Durham, North Carolina 27713
(919) 361-2155
(Address of principal executive
offices and telephone number)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not Applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5. OTHER EVENTS
The Board of Directors of Digital Recorders, Inc. (the "Registrant") has
authorized the extension of the term of its Redeemable Warrants to Purchase
Common Stock (the "Warrants") sold in the Registrant's public offering in
November 1994. As extended, the Warrants may be exercised at any time prior
to 5:00 P.M. Eastern Time on August 3, 1998. All Warrants not exercised on or
prior to such date shall expire, subject to the right of the Company to
extend such date.
All other terms of the Warrants remain unchanged.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Not Applicable.
ITEM 8. CHANGE OF FISCAL YEAR
Not applicable.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
Not applicable.
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.
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DIGITAL RECORDERS, INC.
Date: September 24, 1997 By: /s/ J. Phillips L. Johnston
J. Phillips L. Johnston,
Chairman of the Board and
Chief Executive Officer
Date: September 24, 1997 By: /s/ Jonathan E. Kennedy
Jonathan E. Kennedy,
Chief Financial Officer and Secretary
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