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: JANUARY 17, 1997
CHS ELECTRONICS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
0-24244 87-0436376
(COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICATION NO.)
2153 N.W. 86TH AVENUE, MIAMI, FL 33122
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (305) 716-8273
TOTAL PAGES
(INCLUDING EXHIBITS): 3 EXHIBIT INDEX: N/A
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On January 10, 1997, CHS Electronics, Inc. (the "Company") issued
183,237 shares (the "Shares") of the Company's common stock to Hugo Wyrsch
("Wyrsch"), an individual and citizen of Switzerland, pursuant to the terms and
conditions of a Stock Purchase Agreement dated March 29, 1996 by and between the
Company and Wyrsch (the "Purchase Agreement"). Pursuant to the Purchase
Agreement, the Shares were issued in exchange for 100% of the outstanding
capital stock of Wyrsch Trading AG, a Swiss corporation owned by Mr. Wyrsch.
Wyrsch Trading AG is now a wholly owned subsidiary of the Company, and is
engaged in the wholesale distribution of microcomputers, peripherals and
software products in Switzerland.
The Shares were issued to Wyrsch pursuant to the exemption from
registration provided by Regulation S. Wyrsch has represented to the Company
that he is not a "U.S. Person" (as defined in Regulation S) and that the Shares
were being acquired for his own account. The Shares were sold outside the United
States in an "offshore transaction" and subject to "offering restrictions" (as
each term is defined in Regulation S), and otherwise in compliance with
Regulation S. The Shares were not issued for cash, and there was no underwriter
or placement agent used in connection with the issuance of the Shares.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHS ELECTRONICS, INC.
Date: 1/17/97 By: /S/ ANTONIO S. BOCCALANDRO
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Antonio S. Boccalandro
Secretary and Treasurer
Date: 1/17/97 By: /S/ CRAIG S. TOLL
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Craig S. Toll
Chief Financial Officer
(Principal Financial and Accounting Officer)
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