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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
JUNE 30, 1998
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DIGITAL RECORDERS, INC.
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 1-13408 56-1362926
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2300 ENGLERT DRIVE, SUITE B
DURHAM, NORTH CAROLINA 27713
(Address of principal executive offices)
(919) 361-2155
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On June 30, 1998, the Board of Directors of Digital Recorders,
Inc. (the "Registrant") authorized the extension of the term of its Redeemable
Warrants to Purchase Common Stock (the "Warrants") sold in the Registrant's
public offering in November 1994. As extended, the Warrants may be exercised at
any time prior to 5:00 P.M. Eastern Time on April 30, 1999. All Warrants not
exercised on or prior to such date shall expire, subject to the right of the
Company to extend such date.
All other terms of the Warrants remain unchanged.
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.
DIGITAL RECORDERS, INC.
Date: August 5, 1998 By: /s/ David L. Turney
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David L. Turney
Chairman of the Board, President and
Chief Executive Officer