SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) October 31, 1997
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ODETICS, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-10605 95-2588496
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1515 South Manchester Avenue, Anaheim, California 92802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 774-5000
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(Former name or former address, if changed since last report.)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On October 31, 1997, pursuant to the Separation and Distribution
Agreement dated March 1, 1997 between Registrant and ATL Products, Inc.,
Registrant distributed 8,005,000 shares of the Class A Common Stock of ATL
Products, Inc. (82.9% of all issued and outstanding shares) to the stockholders
of Registrant in a tax free spinoff under Section 355 of the Internal Revenue
Code.
Registrant has restated its Financial Statements and reported the
operations of ATL Products, Inc. as discontinued in its Quarterly Report on Form
10-Q for the period ended September 30, 1997, as filed with the Securities and
Exchange Commission on November 14, 1997.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits:
Exhibit
Number
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2.1 Separation and Distribution Agreement dated March 1, 1997, by
and between Odetics, Inc. and ATL Products, Inc.
SIGNATURE
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.
Odetics, Inc.
/s/ GREGORY A. MINER
DATE: November 13, 1997 By: ______________________________________________
Name: Gregory A. Miner
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Document Description
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2.1 Separation and Distribution Agreement