SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) June 14, 2004
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DPAC TECHNOLOGIES CORP.
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(Exact name of registrant as specified in its charter)
California 0-14843 33-0033759
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
7321 Lincoln Way, Garden Grove, California 92641
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 898-0007
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Not Applicable
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(Former Name or former address, if changed, since last report)
Item 2. Acquisition Or Disposition Of Assets
We have recently disposed of all of our patents and patent applications related
to memory stacking. The sale was to an affiliate of Staktek. This sale includes
all of our memory stacking patents and patent applications, which are related to
LP-Stack(TM) technology.
Under the agreement we will continue to accept agreed upon orders for LP Stacks
subject to material and capacity availability through July 30, 2004. No orders
will be accepted beyond this date. All orders will be scheduled for shipment no
later than August 6, 2004. As of that date, our memory-stacking operations shall
have been discontinued.
Item 5. Other Information and Regulation FD Disclosure
An element in our decision to sell DPACs stacking patents to Staktek is DPAC's
transition from memory stacking products to wireless technology.
The agreement which effected the purchase and sale is attached hereto as Exhibit
10.14.
Such agreement provides for the Registrant to receive $600,000 in cash, and
approximately $100,000 for inventory, determined at August 6, 2004.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
10.14 Terms of Sales Agreement Between DPAC Technologies
Corp. and Staktek Group L.P.
99.1 News Release dated June 14 relating to Registrants
sale of DPAC's packaged stacking patents and patent
applications to Staktek Holdings, Inc.
Item 9. Regulation FD Disclosure
Staktek Holdings, Inc. (Nasdaq: STAK) issued a news release dated, June
14, 2004, entitled - Staktek Purchases Stacking Patents from DPAC
Technologies, which is incorporated into this Item 9 by this reference.
THIS ITEM 9 IS MERELY FURNISHED TO THE SEC AND IS NOT CONSIDERED FILED
WITH THE SEC. THIS ITEM IS NOT INCORPORATED INTO ANY FILING WITH THE
SEC REGARDLESS OF ANY REFERENCE THEREIN OF THIS FORM 8-K.
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.
DPAC TECHNOLOGIES CORP.
(Registrant)
Date: June 14, 2004 By: /s/ Kim Early
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Kim Early,
Chief Executive Officer
DPAC TECHNOLOGIES CORP.
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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10.14 Terms of Sale Agreement Between DPAC Technologies
Corp. and Staktek Group L.P.
99.1 Staktek News Release dated June 14, 2004 relating
to the Registrant's sale of DPAC's packaged
stacking patents and patent applications to
Staktek Holdings, Inc.