TELTRONICS INC
10-C, 1996-10-28
TELEPHONE & TELEGRAPH APPARATUS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM

                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE 
      SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17 OR 15d-17 THEREUNDER

                                Teltronics, Inc.                                
                 ---------------------------------------------
                 (Exact name of issuer as specified in charter)

             2150 Whitfield Industrial Way, Sarasota, Florida 34243             
             ------------------------------------------------------
                    (Address of principal executive offices)

Issuer's telephone number, including area code:    941-753-5000                 
                                                  -------------------------

                I.   CHANGE IN NUMBER OF SHARES OUTSTANDING
     
     Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:

1.   Title of security:       Common Stock $.001 par value                      
                         ------------------------------------------------- 
2.   Number of shares outstanding before the change:       2,610,168            
                                                       -------------------
3.   Number of shares outstanding after the change:        3,360,168            
                                                       -------------------
4.   Effective date of change:     September 20, 1996
                               -------------------------------------------
5.   Method of change:
          Specify method (such as merger, acquisition, exchange,
          distribution, stock split, reverse split, acquisition of stock
          for treasury, etc.):   Acquisition of Assets                          
                               -------------------------------------------      
     Give brief description of transaction:    Acquisition of assets by
                                             -----------------------------
     Company's wholly-owned subsidiary, SRX of Florida, Inc.                    
     ---------------------------------------------------------------------

                       II.   CHANGE IN NAME OF ISSUER

1.   Name prior to change:  
                              --------------------------------------------
2.   Name after change:
                         -------------------------------------------------
3.   Effective date of charter amendment changing name:  
                                                       -------------------
4.   Date of shareholder approval of change, if required: 
                                                            --------------

Date:     October 25, 1996         /s/ Ewen R. Cameron, President & CEO
          ------------------       ------------------------------------
                                   (Officer's signature & title)


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