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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): August 27, 1998
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WESTWOOD CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 0-19381 87-0430944
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5314 South Yale Avenue, Suite 1100, Tulsa, Oklahoma 74135
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 918/524-0002
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WESTWOOD CORPORATION
CURRENT REPORT
FORM 8-K
ITEM 5. OTHER MATTERS.
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The Board of Directors of the Company announced today that the
Company's regular quarterly dividend of $.01 per share, which is normally paid
in September of each year, shall be suspended. As noted in prior Reports, the
Company has particularly concentrated efforts and operating capital on MCII
Electric Company, the Company's subsidiary in Dallas, Texas, to enhance
production and compliance with government contracts calling for the manufacture
of mobile electric generators. The Directors believe that the continuing need
for operating capital at MCII and enhancement of MCII's production facilities is
a better corporate expenditure than the payment of a cash dividend to
shareholders at this time. It is not known at this time whether quarterly
dividends for the third and fourth quarter of the current fiscal year will
likewise be suspended or paid. Such decision will be made by the Directors in
advance of the third and fourth quarters based on current capital needs of the
Company then existing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
DATED: August 27, 1998. WESTWOOD CORPORATION
By: /s/ ERNEST H. McKEE
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Ernest H. McKee, President
