UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) April 18, 2005
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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) 686-3650
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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
On April 18, 2005, the registrant was served with a Complaint,
filed in the United States District Court, Southern District of New York, by the
party with whom it had signed a letter of intent for the sale of its Medical
Systems Group. The letter of intent provides for a $1.0 million payment payable
in the event that no later than March 4, 2005 the buyer was ready, willing and
able to enter into a definitive purchase agreement based on the terms of the
letter of intent and containing reasonable and customary representations,
warranties, terms and conditions relating to the transaction, and the registrant
elected not to enter into such purchase agreement. The Compliant seeks payment
of the $1.0 million, plus interest, as well as reasonable attorney's fees.
Although there can be no assurance that the registrant will not have to pay the
$1.0 million, the registrant believes no such payment is payable under the terms
of the letter of intent. The registrant intends to vigorously defend this
lawsuit.
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: April 20, 2005
By: /s/ Mark A. Koch
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Mark A. Koch
Principal Accounting Officer and
Treasurer
