SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K\A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) JANUARY 19, 1998
INDUSTRIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
TEXAS 76-0289495
(State of other jurisdiction 1-9580 (IRS Employer Identification
of incorporation) (Commission File Number) No.)
7135 ARDMORE HOUSTON, TEXAS 77054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 747-1025
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
(a) EXTENSION OF EXPIRATION DATE FOR CLASS C REDEEMABLE WARRANTS.
On January 19, 1998, Industrial Holdings, Inc. (the "Company")
completed its incentive offer (the "Offer") to the holders of its outstanding
Class B Redeemable Common Stock Purchase Warrants ("Class B Warrants") whereby a
Class B Warrantholder who paid $10.00 per Class B Warrant received one share of
Common Stock, one Class C Redeemable Common Stock Purchase Warrant ("Class C
Warrant") and one Class D Redeemable Common Stock Purchase Warrant ("Class D
Warrant"). Additionally, upon the completion of the Offer, the expiration date
of the currently outstanding Class C Warrants was extended to January 14, 2000.
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EXHIBITS
99.1 Letter to Class C Warrantholders Regarding Extension of Expiration Date
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed in its behalf by the
undersigned hereunto duly authorized.
INDUSTRIAL HOLDINGS, INC.
By: /S/CHRISTINE A. SMITH
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Date: February 11, 1998
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INDEX TO EXHIBITS
99.1 Letter to Class C Warrantholders Regarding Extension of
Expiration Date Ex-1
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EXHIBIT 99.1
INDUSTRIAL HOLDINGS, INC.
EXTENSION OF EXPIRATION DATE
FOR CLASS C REDEEMABLE WARRANTS
TO JANUARY 14, 2000
February 9, 1998
Dear Class C Warrantholder:
On January 19, 1998, Industrial Holdings, Inc. (the "Company")
completed its incentive offer (the "Offer") to the holders of its outstanding
Class B Redeemable Common Stock Purchase Warrants ("Class B Warrants") whereby a
Class B Warrantholder who paid $10.00 per Class B Warrant received one share of
Common Stock, one Class C Redeemable Common Stock Purchase Warrant ("Class C
Warrant") and one Class D Redeemable Common Stock Purchase Warrant ("Class D
Warrant"). Additionally, upon the completion of the Offer, the expiration date
of the currently outstanding Class C Warrants was extended to January 14, 2000.
Questions regarding the extension of the expiration date of the Class C
Warrants should be directed to Christine A. Smith, Vice-President of the
Company, at (713) 747-1025.
Sincerely,
Robert E. Cone
President
