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 earliest event reported) July 31, 1996
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HAUPPAUGE DIGITAL INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-13550 11-3227864
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
91 Cabot Court, Hauppauge, New York 11788
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 434-1600
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On May 24, 1996, and June 7, 1996, Lew Lieberbaum and Co., Inc.,
the Company's Underwriter on its Public Offering, exercised its
133,333 Underwriter's Warrants pursuant to which it paid a total of
$543,778.53 to the Company, and there was issued to it 133,333
shares of the Company's Common Stock and 133,333 Class A Warrants.
On June 3, 1996, the Company gave notice to its Class A
Warrantholders that it was calling for redemption on July 5, 1996,
which period was extended until the close of business on July 17,
1996, all of the Company's outstanding Class A Warrants at a price
of $.10 per Warrant pursuant to the terms of the Class A Warrants.
A total of 1,609,516 Class A Warrants were outstanding and
1,575,786 of the Class A Warrants were exercised by the close of
business on July 17, 1996. A total of $5,909,197.50 was paid to
the Company for the exercise of these Warrants resulting in the
issuance of 1,575,786 shares of the Company's Common Stock. The
remaining unexercised Class A Warrants total 33,730 for which the
Company will be making payment of $3,373 for their redemption.
Accordingly, the number of outstanding shares of Common Stock of
the Company has been increased from 2,756,183 to 4,465,302.
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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 on its behalf by the
undersigned hereunto duly authorized.
Dated: July 31, 1996
HAUPPAUGE DIGITAL INC.
By: /s/ GERALD TUCCIARONE
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Gerald Tucciarone
Treasurer and Chief Financial Officer
