SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 8-K CURRENT REPORT PURSUANT SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 22, 1996 CHARTER POWER SYSTEMS, INC. (Exact name of Registrant as specified in its charter) Delaware 1-9389 13-3314599 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 3043 Walton Road, Plymouth Meeting, Pennsylvania 19462 (Address of principal executive office) Zip Code (610) 828-9000 (Registrant's telephone number, including area code) Item 2. On February 22, 1996, an indirect subsidiary of the registrant ("Purchaser") acquired certain equipment and inventory of LH Research, Inc. ("Seller") used in the Seller's power supply business, along with all rights to the name "LH Research." In consideration of the assets acquired, Purchaser assumed certain specified contracts to which Seller was a party and paid Seller approximately $3.5 million. Seller retained its operations in Malaysia, certain specified contracts and all pre-closing liabilities other than under the assumed contracts. Purchaser has also agreed to purchase certain of Seller's equipment and inventory located in Malaysia on March 31, 1996 for an amount which the registrant estimates will be approximately $0.6 million. The registrant used available cash to finance the acquisition. The Purchaser intends to continue using the assets acquired in the Purchaser's power supply business. Item 5. Other Events. On March 8, 1996, the registrant's principal executive office will move to 1400 Union Meeting Road, Blue Bell, Pennsylvania 19422-0858. The registrant's new telephone number will be (215) 619-2700. Item 7. Financial Statements and Exhibits. a) Financial Statements. It is impracticable to provide any of the required financial statements of the business acquired at the time of filing. All of the required financial statements will be filed as an amendment to this Form 8-K as soon as practicable, but not later than 60 days after the required filing date of this Form 8-K. b) Pro Forma Financial Information. The required pro forma financial information will be filed as an amendment to this Form 8-K at the time the required financial statements are filed. c) Exhibits. Exhibit 2.1 Asset Purchase Agreement, dated as of February 21, 1996, between LH Research, Inc. and International Power Systems, Inc. (filed herewith). 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. CHARTER POWER SYSTEMS, INC. March 7, 1996 BY: /s/ Alfred Weber Alfred Weber Chairman, President and Chief Executive Officer March 7, 1996 BY: /s/ Stephen E. Markert, Jr. Stephen E. Markert, Jr. Vice President Finance and Treasurer Principal Financial and Accounting Officer