- Current report filing (8-K)
October 27 2008 - 4:55PM
Edgar (US Regulatory)
UNITED
STATES
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): October 24, 2008
General
DataComm Industries, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
|
1-8086
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06-0853856
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
No.)
|
6 Rubber Avenue, Naugatuck,
CT
|
06770
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(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
(203)-729-0271
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the
following provisions:
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive
Agreement
|
On
October 24, 2008, the Company’s Subsidiary, General DataComm, Inc. entered into
a Receivable Sales Agreement with Howard S. Modlin, the Company’s Chief
Executive Officer pursuant to which Mr. Modlin has initially purchased
receivables with a face value of $256,242 for an aggregate purchase price of
$250,000. The proceeds will be used for the Company’s working capital
needs.
Item
9.01
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Financial
Statements and Exhibits
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(d)
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Exhibits
|
|
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|
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Receivable
Sales Agreement between General DataComm, Inc. and Howard S.
Modlin
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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.
|
General
DataComm Industries, Inc.
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|
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(Registrant)
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By:
/S/ William G. Henry
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|
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William
G. Henry
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|
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Vice
President, Finance and
|
|
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Administration,
and Principal Financial
|
|
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Officer
|
|
|
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October 27,
2008
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|
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3
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