FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For March 9 2005
DESWELL INDUSTRIES, INC.
(Registrant's name in English)
Unit 516 517, Hong Leong Industrial Complex,
No. 4 Wang Kwong Road, Kowloon Bay,
Kowloon, Hong Kong
(Address of principal executive offices)
Contact:
John G. Nesbett
Jordan Silverstein
The Investor Relations Group
212-825-3210
Deswell Industries Inc. Appoints New Independent Director to the Board
HONG KONG (October 13, 2004) - Deswell Industries, Inc. (Nasdaq: DSWL) has
appointed Mr. Wing-Ki Hui as an independent director and an audit committee
member effective October 11, 2004. This appointment increases the total number
of directors from five to six, and brings the number of independent directors to
three.
Since 1995, Mr. Hui, age 59, has been the Operation Director of Tomorrow
International Holdings Limited, a company listed on the Hong Kong Stock
Exchange. Prior to serving in this capacity, Mr. Hui was Executive Director of
Sharp Brave International Holdings Limited from 1991 to 1995 and Director of
Sharp Brave Electronics Co., Ltd. from 1984 to 1995. Mr. Hui possesses over 20
years of experience in the electronic manufacturing industry, and is a graduate
of South East Electronic College in Hong Kong.
About Deswell
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Deswell manufactures injection-molded plastic parts and components, electronic
products and subassemblies, and metallic products for original equipment
manufacturers ("OEMs") and contract manufacturers at its factories in the
People's Republic of China. The Company produces a wide variety of plastic parts
and components used in the manufacture of consumer and industrial products;
printed circuit board assemblies using surface mount ("SMT") and finished
products such as telephones, telephone answering machines, sophisticated
studio-quality audio equipment and computer peripherals. The Company's customers
include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.)
Ltd., Inter-Tel Incorporated, Kyocera Mita Industrial Co. (H.K.) Limited, Peavey
Electronics Corporation and Emerson.
To learn more about Deswell Industries, Inc., please visit the Company's web
site at www.deswell.com.
This press release may contain forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934. Forward-looking statements
in this press release are based on current expectations and are subject to
change. Actual results may differ materially from the forward--looking
statements. Deswell does not undertake to update any such forward-looking
statements or to publicly announce developments or events relating to the
matters described herein. Uncertainties and risks are described in Deswell's
most recently filed SEC documents, such as its most recent form 20-F.
- end -
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 thereunto duly authorized.
For and on behalf of
Deswell Industries, Inc.
by
/s/ Richard Lau
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Richard Lau
Chief Executive Officer
Date: March 9, 2005