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) September 30, 2004
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DEL GLOBAL TECHNOLOGIES CORP.
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(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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 30, 2004, the registrant entered into a settlement agreement
with the United States Government, on behalf of the Department of Defense of the
United States (the "DOD"), in connection with the settlement of the
investigation conducted by the Department of Justice of the United States with
respect to RFI Corporation ("RFI"), a subsidiary of the registrant (the
"Settlement Agreement"). A copy of the Settlement Agreement is attached hereto
as EXHIBIT 99.01 and incorporated herein by reference. The following summary of
the Settlement Agreement does not purport to be complete and is subject to and
qualified in its entirety by reference to the actual text of such agreement. The
terms of the Settlement Agreement provide that (i) the registrant agrees to pay
fines and restitution to the U.S. Government of $5.0 million and (ii) RFI will
enter a criminal guilty plea to a single count conspiracy charge.
ITEM 8.01. OTHER EVENTS
On October 4, 2004, the registrant issued a press release announcing that
the registrant entered into the Settlement Agreement and that it has signed a
non-binding letter of intent with a financial buyer for the sale of RFI, signed
a non-binding letter of intent with a financial buyer for the sale of the
registrant's Medical Systems Group and completed the sale of the registrant's
High Voltage Power business.
For additional information, reference is made to the press release attached
hereto as EXHIBIT 99.02.
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 Settlement Agreement between the registrant, RFI and the
DOD dated September 30, 2004.
99.02 Press release dated October 4, 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: October 4, 2004
By: /s/ Mark A. Koch
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Mark A. Koch
Principal Accounting Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.01 Settlement Agreement between the registrant,
RFI and the DOD dated September 30, 2004.
99.02 Press release dated October 4, 2004.
