UNITED STATES
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) August 24, 2004
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DEL GLOBAL TECHNOLOGIES CORP.
(Exact name of registrant as specified in charter)
New York 0-3319 13-1784308
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Commerce Park, Valhalla, NY 10595
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (914) 686-3600
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. OTHER EVENTS
An article appeared on the website AuntMinnie.com, an industry website,
which gave certain information about the registrant's potential sale
transactions. The article, which is attached hereto as EXHIBIT 99.01 and
incorporated herein by reference, quoted Walter F. Schneider, the registrant's
Chief Executive Officer, as stating that the registrant has been soliciting
offers this summer, has received letters of intent from potential buyers and
should complete a final transaction by the end of 2004. The article also
indicated that the registrant is considering selling off its power conversion
and medical assets, has begun contacting potential buyers for these businesses,
and detailed the types of potential buyers that have been involved.
Additionally, the article indicated that the registrant is already in the due
diligence phase with regard to selling one of its power-conversion divisions,
with the other not far behind.
In a press release dated March 15, 2004, the registrant announced that it
had retained Imperial Capital, LLC for the purpose of exploring all strategic
alternatives to raise the additional capital necessary to fund the proposed
settlement regarding the registrant's previously disclosed Department of Defense
matter and to maximize returns to shareholders, including potential financings
and asset sales. The registrant has not entered into a definitive agreement with
respect to any of the possible transactions referenced in the article, and there
can be no assurance that any such possible transactions will be completed.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits.
99.01 Article dated August 24, 2004.
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.
DEL GLOBAL TECHNOLOGIES CORP.
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(Registrant)
Date: August 24, 2004
By: /s/ Walter Schneider
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Walter Schneider
Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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99.01 Article dated August 27, 2004
