FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 8, 2000
WPI GROUP, INC.
(Exact name of registrant as specified in its charter)
New Hampshire 0-19717 02-0218767
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(State or other jurisdiction (Commission) (I.R.S. Employer
of incorporation) File Number) Identification Number)
1155 Elm Street, Manchester, New Hampshire 03101
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(Address of Principle Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (603) 627-3500
NONE
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(Former Name, former address, and former fiscal year, if changed
since last report)
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WPI GROUP, INC.
FORM 8-K
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
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None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
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On June 8, 2000 WPI Group, Inc. completed the sale of WPI
Termiflex, Inc. to Warner Power, LLC, a private investment group,
for approximately $577,000 in cash plus the assumption of certain
liabilities.
A more complete description of the transaction is contained in
the Bill of Sale and Assumption Agreement which is Exhibit 10.24
to this report and is incorporated herein by reference.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
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None.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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None.
ITEM 5. OTHER EVENTS.
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None.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
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None.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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Financial: None.
Exhibits: 10.24 - Bill of Sale and Assumption Agreement dated
June 8, 2000.
ITEM 8. CHANGE IN FISCAL YEAR.
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Not applicable.
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WPI GROUP, INC.
FORM 8-K
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
WPI GROUP, INC.
Dated: June 21, 2000 By: /s/John W. Powers
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John W. Powers
Vice President and CFO
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