SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 16, 1996
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THE NEW WORLD POWER CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-18260 52-1659436
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(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
The Farmhouse, 558 Lime Rock Road, Lime Rock, Connecticut 06039
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code: (860) 435-4000
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N/A
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(Former name or former address, if changed since last report.)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On August 16, 1996, New World entered in a Stock Purchase Agreement
(the "GTC Agreement") with Golden Technologies Company, Inc., a wholly owned
subsidiary of ACX Technologies, Inc., for the sale of all of its shares in
Photocomm, Inc. and Solartec, S.A. New World also entered into a Waiver
Agreement with Photocomm, Inc., Robert R. Kauffman and Programmed Land, Inc.,
modifying their Stock Purchase Agreement dated October 15, 1993. The GTC
Agreement and Waiver Agreement are annexed as Exhibits and incorporated herein
by reference.
ITEM 5. OTHER EVENTS.
On August 22, 1996, New World issued a press release, describing a
letter of intent for a joint venture and management agreement. A copy of the
press release is also annexed as an Exhibit.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
EXHIBIT DOCUMENT
INDEX
10.1 Stock Purchase Agreement between New World and
Golden Technologies, Company, Inc. dated
August 16, 1996. (Submitted herewith)
10.2 Waiver Agreement between New World, the
Issuer, Mr. Kauffman and PLI, dated August 16,
1996. (Submitted herewith)
99 Press release dated August 22, 1996
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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.
THE NEW WORLD POWER CORPORATION
By: /S/ JOHN D. KUHNS
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John D. Kuhns
Chairman
Dated: August 29, 1996
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