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 30, 1997
OPTICAL CABLE CORPORATION
VIRGINIA 0-27022 54-1237042
(State of incorporation) (Commission file number) (I.R.S. Employer
Identification No.)
5290 CONCOURSE DRIVE (540) 265-0690
ROANOKE, VA 24019 (Telephone Number)
(Address of principal
executive offices)
ITEM 5. OTHER EVENTS
On October 30, 1997, Optical Cable Corporation (the "Company") announced
that the Board of Directors of the Company had authorized the repurchase of up
to $5 million of the Company's common stock in the open market or in privately
negotiated transactions. A copy of the press release announcing this stock
repurchase authorization is filed as an exhibit to this Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(C) Exhibits.
99.1 Press release of Optical Cable Corporation, dated October 30,
1997.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused the report to be signed on its behalf by the
undersigned, thereunto duly authorized, on the 10th day of November, 1997.
OPTICAL CABLE CORPORATION
By: /s/ Kenneth W. Harber
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Kenneth W. Harber
Vice President of Finance,
Treasurer and Secretary
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INDEX TO EXHIBITS
DOCUMENT PAGE NO.
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99.1 Press release of Optical Cable Corporation, dated October 30, 1997.....
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EXHIBIT 99.1
NEWS RE:
BULLETIN OPTICAL CABLE CORPORATION
From: 5290 Concourse Drive
FRB Roanoke, VA 24019
(Nasdaq: OCCF)
THE FINANCIAL RELATIONS BOARD INC
FOR FURTHER INFORMATION:
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
Robert Kopstein Ken Harber Alison Ziegler -- General Info.
Chairman & CEO VP of Finance Jordan Darrow -- Analyst Info.
(540) 265-0690 (540) 265-0690 Judith Sylk-Siegel -- Media Info.
kopstein@occfiber.com kharber@occfiber.com (212) 661-8030
FOR IMMEDIATE RELEASE
OPTICAL CABLE CORPORATION ANNOUNCES STOCK REPURCHASE PROGRAM
ROANOKE, Virginia -- October 30, 1997 -- Optical Cable Corporation (Nasdaq:
OCCF) today announced that its Board of Directors has authorized the repurchase
of up to $5 million of the Company's common stock in the open market or in
privately negotiated transactions. At current prices, this would represent over
540,000 shares equaling 1.4% of total common shares outstanding or 20% of the
2.7 million shares in the Company's float. The price to be paid, timing of
purchases and the manner of purchases will be at the discretion of management.
Robert Kopstein, President and Chief Executive Officer said, "The decision to
repurchase our shares reflects management's continued confidence in our business
and in our strengthening global position within the fiber optic cable industry."
Optical Cable Corporation manufactures and markets a broad range of fiber optic
cables for "high bandwidth" transmission of data, video and audio communications
over moderate distances. Optical Cable Corporation's cables can be used both
indoors and outdoors and utilize a tight-buffered coating that protects the
optical fiber.
Note: This news release contains certain forward looking statements that are
subject to risks and uncertainties that could cause actual results to differ
materially from those projected or forecasted. Such risks and uncertainties
include, but are not limited to, those disclosed in the Company's Annual Report
and Form 10-K for fiscal year 1996.
NOTE: Further information on Optical Cable Corporation is available through our
website on the World Wide Web at http://www.occfiber.com
To receive additional information on Optical Cable Corporation, via fax, at no
charge,
dial 1-800-PRO-INFO and enter code OCCF.
