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FORM 8 - K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): July 16, 1996
WPI GROUP, INC.
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(Exact name of registrant as specified in its charter)
NEW HAMPSHIRE 0-19717 02-0218767
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
1155 ELM STREET, MANCHESTER, NEW HAMPSHIRE 03101
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (603) 627-3500
NONE
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(FORMER NAME, FORMER ADDRESS, AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST REPORT)
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WPI GROUP, INC.
FORM 8 - K
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
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None
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
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On July 16, 1996, WPI Group, Inc. completed the acquisition of Oyster Terminals,
Ltd. The Company acquired all of the issued and outstanding shares of common
stock of Oyster for cash of approximately $11.4 milion plus the assumption of
approximately $2.2 million in liabilities. Oyster designs,manufactures and sells
industrial hand-held terminals and man-machine interfaces used in a variety of
industrial and commercial applications. The Company plans no changes in the
business of Oyster.
A more complete description of the transaction is contained in the Share
Purchase Agreement which is Exhibit 28.15 to this report and is incorporated
herein by reference.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
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None
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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None
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WPI GROUP, INC.
FORM 8 - K
ITEM 5. OTHER EVENTS
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None
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
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None
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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Financial: The financial statements required to be filed are currently not
available and will be filed under Form 8 within 60 days.
Exhibits:
28.15--Share Purchase Agreement, dated July 16, 1996.
ITEM 8. CHANGE IN FISCAL YEAR
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Not applicable
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WPI GROUP, INC.
FORM 8 - K
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WPI GROUP, INC.
Dated: July 23, 1996 BY: /s/Charles F. Johnson
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Charles F. Johnson
Vice President,
and Chief Financial Officer
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