Cray Computer Corp – ‘8-K’ for 7/14/95

As of:  Thursday, 7/20/95   ·   For:  7/14/95   ·   Accession #:  927356-95-181   ·   File #:  0-18072

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Current Report   —   Form 8-K
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     10K 

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8-K
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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 Event)  
July 20, 1995 (July 14, 1995) 

CRAY COMPUTER CORPORATION 
(Exact name of registrant as specified in its charter)  

Delaware  
(State of Incorporation)  

0-18072                                          84-1120275         
(Commission file number)                 (I.R.S. Employer Identification Number)

1110 Bayfield Drive, Colorado Springs, Colorado                     80906 
    (Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code: (719) 579-6464  

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ITEM 5. OTHER EVENTS.                                                           
---------------------                                                           

Other Event No. 1: On July 14, 1995 the Registrant's Board of Directors passed  
------------------                                                              
a resolution whereby the Registrant requested voluntary delisting from the NASDQ
Market. The delisting request is directly related to the Registrant's           
forthcoming Chapter 11 Plan whereby the Registrant will liquidate its assets    
with approval of the Bankruptcy Court. The NASDAQ Stock Market, Inc. was        
notified of this request on July 14, 1995.                                      

Other Event No. 2: The Registrant issued the following press release on July 14,
------------------                                                              
1995:                                                                           

CRAY COMPUTER CORPORATION BOARD OF DIRECTORS  
AUTHORIZES CHAPTER 11 PLAN  

COLORADO SPRINGS, CO., JULY 14, 1995-Cray Computer Corporation announced today  
that its Board of Directors has authorized and directed Officers of the         
Corporation to take all steps they deem necessary or appropriate to prepare and 
implement a Chapter 11 Plan pursuant to which all or most of the assets of the  
Corporation will be sold for the benefit of the Corporation's creditors and, to 
the extent feasible, the benefit of the shareholders of the Corporation.        
Management of the Corporation believes that a liquidating distribution to its   
shareholders is unlikely.                                                       

Since filing under Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the District of Colorado on March 24, 1995, the     
Officers of the Corporation have pursued the possibility that the Corporation   
could emerge from its Chapter 11 bankruptcy as a going concern. These Officers  
have concluded, and the Board of Directors has agreed, that the Corporation will
not be able to continue its business. The Corporation will pursue the           
liquidation of its assets pursuant to a Chapter 11 Plan to be prepared and      
presented to the Bankruptcy Court.                                              

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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS                                       
-----------------------------------------                                       

Exhibits                                                                        

None                                                                

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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.                                           

                         CRAY COMPUTER CORPORATION
                         -------------------------

DATE: July 20, 1995             BY: /s/ WILLIAM G. SKOLOUT                      
                     -------------------------------
                        William G. Skolout
                        Vice President and
                             Chief Financial Officer

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		7/20/95		1		4			None on these Dates
For Period End:		7/14/95		1		2
		3/24/95		2
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