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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): November 19, 1996
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BELL INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
California 1-11471 95-2039211
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(State of incorporation) (Commission File Number) (IRS Identification No.)
11812 San Vicente Blvd., Suite 300 Los Angeles, Calif 90049
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 826-2355.
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N/A
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(Former name or former address, if changed since last report.)
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Item 6. Resignation of Registrant's Directors.
On November 19, 1996, the Company announced the resignation of Bruce
M. Jaffe, President and Chief Operating Officer and a member of the Board of
Directors. A copy of the press release is attached hereto as Exhibit 17.
Item 7. Exhibit.
(c) Exhibit.
(17) Press Release announcing the resignation of Bruce M.
Jaffe as President and Chief Operating Officer and Director of the Company and
the appointment of Gordon Graham as President and Chief Operating Officer.
SIGNATURE
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.
BELL INDUSTRIES, INC.
Dated: November 25, 1996 By: /s/ TRACY A. EDWARDS
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Tracy A. Edwards
Vice President and Chief Financial Officer
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Exhibit 17.
[LOGO]
Contacts:
Tracy A. Edwards Vice President and Chief Financial Officer
Bell Industries, Inc.
(310) 826-2355
http://www.bellind.com
Melvyn S. Rifkind
(818) 783-8323
FOR IMMEDIATE RELEASE
Los Angeles, California - November 19, 1996 -- Bell Industries, Inc.
(NYSE:PSE:BI) today announced that Gordon Graham has been named president and
chief operating officer, succeeding Bruce M. Jaffe, 52, who resigned due to
policy differences. Jaffe also resigned as a director of the Company.
Graham, 62, has been serving as senior vice president of Bell since 1988 and
was elected a director of the Company in 1994. He joined the Company in 1983
following the sale of his privately-owned company - Graham Electronics -- to
Bell. He served as president of Graham Electronics from 1970 to 1983. Graham
received a B.S. from Purdue University and an M.B.A. from Indiana University.
He also earned an O.P.M. at Harvard.
Bell Industries distributes products for the electronics, computer, graphics
and other industrial markets.
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