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) January 12, 2004
DIGITAL POWER CORPORATION
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(Exact name of registrant as specified in its charter)
California 1-12711 94-1721931
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
41920 Christy Street, Fremont, California 94538-3158
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(Address of principal executive offices)
(510) 657-2635
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On January 12, 2004, Digital Power Corporation, a California corporation
(the "Company") executed a securities purchase agreement with Telkoor Telecom
Ltd., a limited liability company organized under the laws of Israel
("Telkoor"). Under the securities purchase agreement, Telkoor acquired 290,023
shares of common stock for the aggregate purchase price of $250,000.
Additionally, Telkoor may invest an additional $250,000 on or before June 30,
2004. The purchase price per share for the additional investment is the average
closing price of the Company's common stock twenty (20) trading days prior to
notice of intent to invest. Computed terms of the transaction can be found in
the Securities Purchase Agreement attached as Exhibit 10.
Telkoor is an Israeli corporation, primarily engaged in developing,
marketing and selling power supplies and power systems for the telecommunication
equipment industry. After the purchase, Telkoor owns 2,440,023 shares of common
stock.
ITEM 9. REGULATION FD DISCLOSURE
Exhibit No. Exhibit Description
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10 Securities Purchase Agreement [Form of]
99 Press release announcing agreement with Telkoor
Telecom Ltd.
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.
DIGITAL POWER CORPORATION,
a California Corporation
Dated: January 12, 2004 /s/ Haim Yatim
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Haim Yatim,
Chief Financial Officer