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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): March 6, 2000
BELL INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
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<S> <C> <C>
California 1-11471 95-2039211
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(State of incorporation) (Commission File Number) (IRS Identification No.)
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1960 E. Grand Avenue, Suite 560, El Segundo, CA 90245
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 563-2355.
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Matters
On Monday, March 6, 2000, the Company issued the press release attached hereto
as Exhibit 99.1, which is incorporated herein by reference. The press release
announces that, at the close of business on Friday, March 10, 2000, the
Company's common stock will cease trading on the New York Stock Exchange
("NYSE") because, following cash distributions to shareholders totaling $67
million in 1999, the Company's shareholders' equity and market capitalization
have fallen below the $50 million minimum requirements for continued listing on
the NYSE. The Company's common stock will begin trading on the American Stock
Exchange on Monday, March 13, 2000.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release issued Monday, March 6, 2000, by the Company
announcing that, at the opening of business on Monday, March 13,
2000, the Company's common stock will begin trading on the American
Stock Exchange.
Pursuant to the requirements of the Securities and Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BELL INDUSTRIES, INC.
Dated: March 10, 2000 By: /s/ RUSSELL A. DOLL
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Russell A. Doll
Senior Vice President -
Chief Financial Officer
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EXHIBIT 99.1
BELL INDUSTRIES, INC.
CONTACTS: Tracy A. Edwards
Russell A. Doll
Bell Industries, Inc.
310-563-2355
Roger S. Pondel/E.E. Wang
Pondel/Wilkinson Group
310-207-9300
FOR IMMEDIATE RELEASE
BELL INDUSTRIES ANNOUNCES MOVE TO AMEX
-- Trading To Begin On March 13 --
El Segundo, California - March 6, 2000 - Bell Industries, Inc. (NYSE:BI)
announced today that its securities have been approved for listing on the
American Stock Exchange ("AMEX")
The company will begin trading on the AMEX on Monday, March 13, 2000.
The trading symbol for Bell Industries will remain unchanged. The company
previously announced that it will continue to trade on the New York Stock
Exchange (NYSE) through Friday, March 10.
"This move is in line with the company's current capital structure,
following the distribution of approximately $67 million to our shareholders
during 1999," said Tracy A. Edwards, president and chief executive officer. "For
more than 30 years, Bell has traded under the specialist system, and we are
confident that our shareholders will continue to receive well executed trades
and service on the AMEX."
Bell's primary business is the systems integration group, a
multi-regional provider of integrated computer technology solutions for large
and medium-sized organizations. Bell also distributes after-market parts and
accessories to the recreational vehicle market and manufactures specialized
products for the computer and electronics industry.
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